Thread: The new pound coin arrives tomorrow

From tomorrow, there’s going to be a new quid on the block – a 12-sided pound coin which will go into circulation from tomorrow.


The coin is thinner and lighter than the old coin but its diameter is slightly larger.
It’s being brought in because there have been concerns about the old round pound’s vulnerability to sophisticated counterfeiters – around one in every 30 round pounds is a dud.
The new £1 coin boasts new security features.

But consumers craving a snack or trying to park may face confusion when they attempt to pay at coin-operated machines, as some will not immediately accept the new coin.
They may find themselves rifling through their wallets for an old round pound.
Tesco trolleys across many of its stores will be unlocked as the supermarket giant performs upgrades so that they can accept the new coin.
How long are my old pound coins legal tender for?
Don’t worry, your old pound coins don’t magically stop being money at the stroke of midnight tonight. There is a period of just over six months when the old round pound will still be accepted as legal tender alongside the new coin.
What should I do with my old pound coins?
People are being encouraged to return their coins before October 15. They can bank them or spend them.
Experts predict that there is something in the region of £433million in pound coins stashed away in piggy banks, down the back of sofas, in the ashtray of your car, or in the pocket of that pair of jeans you never wear.

It’s got a lot of security features. The features include its 12-sided shape, its bi-metallic structure with a gold-coloured outer ring and a silver-coloured inner ring and an image that changes from a “£” symbol to the number “1” when seen from different angles.
It also has micro lettering and milled edges.
What other features does it have?
The coin’s design reflects England, Scotland, Wales and Northern Ireland, with a rose, a thistle, a leek and a shamrock. The fifth coin portrait of the Queen, designed by Royal Mint coin designer Jody Clark, is featured.




Read more: New pound coin arrives tomorrow: Here's 5 things you need to know | Metro News

Just like the old thruppeny bit.



Hopefully this will herald de-decimalisation, and the new British Interstellar Empire and Royal Space Force

They might as well change the currency to a $, for that is what it is going to be worth when Scotland returns a majority independence vote on Brexit day and they opt for the Euro and join the EU.

Exciting times.

Fuck off Lillibet, stay in your fucking English castle.

What are you babbling on about now, you lunatic.

Poor fooker gets confused...
Care Homes Owned by Lillibet Healthcare Ltd

Hope they provide decent sausages with their breakfasts.

I don't see why they felt the need to change one pound notes for coins... i guess it was down to vending machine manufacturers, but the USA seems to get along fine with $1 notes.

What's it worth ?

I've three coins I can't spend before the expiry deadline. Anyone wanting them for free can have them. Just send me 4 Quid to cover postage and they're yours.

^Faxed!

Originally Posted by Seekingasylum

They might as well change the currency to a $, for that is what it is going to be worth when Scotland returns a majority independence vote on Brexit day and they opt for the Euro and join the EU.

Exciting times.

Fuck off Lillibet, stay in your fucking English castle.

The pound would soar if we got rid of the scotland, they will be totally broke in 6 months.

If one is competent on a lathe the old thruppeny bit can be hollowed out to hide a sixpence.

Now all I need to do is find an old wooden matchbox and my magic trick is back in business.

Originally Posted by Pragmatic

I've three coins I can't spend before the expiry deadline.

The buggers are giving a very short deadline on this one. Bet they get to wipe a fair bit of currency off.

Lucky I was back recently, and made damn sure I did not bring any back with me.

Originally Posted by CaptainNemo

I don't see why they felt the need to change one pound notes for coins... i guess it was down to vending machine manufacturers, but the USA seems to get along fine with $1 notes.

I believe the logic behind the practice has mostly to do with wear, as notes need to be reprinted and recirculated from constant usage, therefore break down and become worn - whereas, coinage keeps it shape and physical integrity almost forever.

Over the last couple of decades, numerous countries have gone over to coinage - usually denominations of 1, 10, 20, 50, etc.

^ but the one pound coin has been in circulation since 1983. OK maybe not the current one but...

You can have a nice plastic 1 quid note now... seems like a better idea... Johnny foreigners in asia might start accepting them instead of "1 dorra".

Originally Posted by bobo746

What's it worth ?

Taking 50 years of depreciation into account it's worth about the same as the old thrupney coin. This was the inspiration behind the design.