New £1 coin

Accyexplorer

Accyexplorer

Nori Brick
Tackler
New £1 coin

A new £1 coin, designed to be the "most secure in the world", is set to be introduced in 2017.

BBC News - New £1 coin to be introduced to combat counterfeiting.

I think it's looks abit like the thruppenny bit.
Is the changing of all our machines that take £1s going to out way the cost of forgery?

While the Queen's head will be on the obverse side, the Treasury has said there will be a public competition to decide the image on the other other side? Hmmm :D
 
Re: New £1 coin

The flats around the edge will be great for using a spanner on to get em out of some of my mates hands when it's their round at the Forts. ;)

No names no pack drill !
 
Re: New £1 coin

I must admit the quality of fake £1 coins has certainly increased, I wonder how long it's going to be before we hear the word 'fake' attributed to these,it's got to happen.
I remember about 15 years ago the fake ones looked and felt awful and if you rubbed a real and fake one together the fake ones coulour scraped off (probably because they was done in ford cortina gold). They also sounded different if you rattled them,due to the amount of lead used but now you'd struggle to tell them apart.

I remember the £1 notes,perhaps they want to switch from paper money altogether,they tried the £5 coin I wonder how long before we see a £20 coin?

Still don't know why we put the portrait of one of the biggest 'scroungers' on our money tho, seems ironic really considering lizard liz has never earned an honest pound :eek:

:hidewall:
 
Re: New £1 coin

I feel sorry for the blind people,they will have to get use to a different shape again.
 
Re: New £1 coin

Accyexplorer said:
How long before the edges round off though an it becomes a old one :eek: ;)
Click to expand...

The old thruppenny bits were a marvel of geometry having the ability to roll as I recall. Some tefal head on here will tell me the geometric term I am sure. I don't recall them showing much sign of wear round the periphery AccyX.
 
Re: New £1 coin

Changing the coin mechs to take the new coins is done by electronic programming in most machines these days.
Think back about ten years or so, when the size of the 5,10,20 & 50p coins were changed, all the machines were converted almost over night.
Having said that, maybe the Gov' has actually created a few temporary jobs for someone to go around changing the mechanical ones in shopping trolleys?
 
Re: New £1 coin

Less said:
Changing the coin mechs to take the new coins is done by electronic programming in most machines these days.
Think back about ten years or so, when the size of the 5,10,20 & 50p coins were changed, all the machines were converted almost over night.
Having said that, maybe the Gov' has actually created a few temporary jobs for someone to go around changing the mechanical ones in shopping trolleys?
Click to expand...

If that's the case less,the costs won't outweigh the cost of forgery.
Perhaps the markets will start selling trolley tokens.
Anyway I'm off for a thruppenny ;)
 
Re: New £1 coin

Accyexplorer said:
If that's the case less,the costs won't outweigh the cost of forgery.
Perhaps the markets will start selling trolley tokens.
Anyway I'm off for a thruppenny ;)
Click to expand...

The circumference of the new coin will be the same as the existing £1 so they will fit and operate simple mechanisms as in a supermarket trolley so no modifications necessary.
 
Re: New £1 coin

Accyexplorer said:
How long before the edges round off though an it becomes a old one :eek: ;)
Click to expand...
This didn't happen with the old threepenny bits so what makes you think it will happen with the new pound coins.
According to recent reports 3% of pound coins in circulation are fake.
 
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Re: New £1 coin

According to this I've 2 fake £1 coins in my pocket 'right now' :eek:
Counterfeit One Pound Coins | The Royal Mint

Will these criminal masterminds not just focus their efforts on another coin,say 50p-£2 coin or on notes?
I'm pretty sure it won't be long before we see snide versions of this new "most secure in the world" one.

Coin mechanisms tend to have a limited life anyway.I assume machines mechs will just be replaced as they are due. Like less said some machines are easy to configure for new coinage - it's something that happens from time to time, so good designers probably factor it in.
I kind of like this new one,it's quirky and as long as it's still bulky like the old one "it's all good" as they say.
 
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