View Poll Results: Any good ?
Yes
10
71.43%
No
4
28.57%
Voters: 14. You may not vote on this poll

New £1 Coin

Old Mar 19th 2014, 6:37 pm
  #1  
Yo
Thread Starter
 
Shard's Avatar
 
Joined: Nov 2012
Location: UK
Posts: 24,459
Shard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond repute
Default New £1 Coin

Coming in 2017...

http://www.theguardian.com/artanddes...er-crimebuster
Shard is offline  
Old Mar 19th 2014, 6:47 pm
  #2  
BE Forum Addict
 
MarkG's Avatar
 
Joined: Apr 2005
Location: Saskatoon, Saskatchewan
Posts: 4,104
MarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond repute
Default Re: New £1 Coin

Doesn't seem like a bad idea. By the time it's released, the pound will be worth about as much as a threepenny bit used to be.
MarkG is offline  
Old Mar 19th 2014, 7:16 pm
  #3  
The ride never ends
 
orly's Avatar
 
Joined: Sep 2011
Location: SW Ontario
Posts: 2,481
orly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond repute
Default Re: New £1 Coin

Looks alright. The issue is if it can be minted it can be counterfeited too. I can't imagine it will take too long for some souls to come up with fakes.

You'll also get the complacency factor early on after they've worked it out. People will have been conditioned into thinking the coins are "secure" and therefore they'll get less scrutiny in general usage until someone starts noticing in the banks.
orly is offline  
Old Mar 19th 2014, 7:20 pm
  #4  
Seasoned Maritimer
 
Tangram's Avatar
 
Joined: Jun 2005
Location: Fredericton, New Brunswick CA
Posts: 8,309
Tangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond reputeTangram has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by orly
Looks alright. The issue is if it can be minted it can be counterfeited too. I can't imagine it will take too long for some souls to come up with fakes.

You'll also get the complacency factor early on after they've worked it out. People will have been conditioned into thinking the coins are "secure" and therefore they'll get less scrutiny in general usage until someone starts noticing in the banks.
Can't say I have ever scrutinized a coin.
Tangram is offline  
Old Mar 19th 2014, 7:26 pm
  #5  
Yo
Thread Starter
 
Shard's Avatar
 
Joined: Nov 2012
Location: UK
Posts: 24,459
Shard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond reputeShard has a reputation beyond repute
Default Re: New £1 Coin

I don't like non-circular coins. I think the current pound is a beautiful piece of coinage - right weight, right shape, right thickness, even the right colour. Hard to believe it is already 30 years old.

Apparently the problem is the heavy counterfeiting (1 in 33 according to the article) so there is a need for upgraded security. It does seem an enormous hassle to change all the vending machine, parking machine and other coin devices in the country.

You would think we are not that far off from a cashless society now. The touch cards (£20 limit) are becoming more pervasive, another ten years, maybe we could do away with coins entirely.
Shard is offline  
Old Mar 19th 2014, 7:40 pm
  #6  
The ride never ends
 
orly's Avatar
 
Joined: Sep 2011
Location: SW Ontario
Posts: 2,481
orly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by Tangram
Can't say I have ever scrutinized a coin.
Might have been a while since you worked behind a till, if ever. A few years back there was a spate of dodgy pound coins being passed around in the area where I lived and worked. At the time I was working for a supermarket. The company produced some literature on what to look for and asked us to check coins whenever possible. There were some really crap fakes picked up that normally you'd never even notice because, as you say, most people never look at a coin beyond the colour and outline/shape/size.
orly is offline  
Old Mar 19th 2014, 8:12 pm
  #7  
BE Forum Addict
 
Joined: Dec 2008
Location: Winnipeg
Posts: 1,497
AlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond reputeAlliF has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by Tangram
Can't say I have ever scrutinized a coin.
I have a stack of American dimes sitting round cos I just haven't noticed when they have been given in change instead of the Canadian one.
AlliF is offline  
Old Mar 19th 2014, 8:21 pm
  #8  
The ride never ends
 
orly's Avatar
 
Joined: Sep 2011
Location: SW Ontario
Posts: 2,481
orly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by scotdownunder
I have a stack of American dimes sitting round cos I just haven't noticed when they have been given in change instead of the Canadian one.
You can use them. You're aware of that right?
orly is offline  
Old Mar 19th 2014, 8:59 pm
  #9  
BE Forum Addict
 
MarkG's Avatar
 
Joined: Apr 2005
Location: Saskatoon, Saskatchewan
Posts: 4,104
MarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond reputeMarkG has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by scotdownunder
I have a stack of American dimes sitting round cos I just haven't noticed when they have been given in change instead of the Canadian one.
In my experience, they work more reliably in vending machines than Canadian coins do.
MarkG is offline  
Old Mar 19th 2014, 9:00 pm
  #10  
.
 
Oink's Avatar
 
Joined: Sep 2008
Posts: 20,185
Oink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond reputeOink has a reputation beyond repute
Default Re: New £1 Coin

I think its quite spiffy.
Oink is offline  
Old Mar 19th 2014, 10:47 pm
  #11  
 
Joined: Nov 2012
Posts: 172
fabretti18 is an unknown quantity at this point
Default Re: New £1 Coin

Originally Posted by orly
You can use them. You're aware of that right?
where? US obviously, or is that a silly question?
fabretti18 is offline  
Old Mar 19th 2014, 10:59 pm
  #12  
BE Forum Addict
 
Joined: Jun 2011
Posts: 1,746
Geordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond reputeGeordie Lass has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by Shard
I don't like non-circular coins. I think the current pound is a beautiful piece of coinage - right weight, right shape, right thickness, even the right colour. Hard to believe it is already 30 years old.

Apparently the problem is the heavy counterfeiting (1 in 33 according to the article) so there is a need for upgraded security. It does seem an enormous hassle to change all the vending machine, parking machine and other coin devices in the country.

You would think we are not that far off from a cashless society now. The touch cards (£20 limit) are becoming more pervasive, another ten years, maybe we could do away with coins entirely.
30 years old??? Are you sure? Blimey!

That's made me feel old!
Geordie Lass is offline  
Old Mar 19th 2014, 11:07 pm
  #13  
Born again atheist
 
Novocastrian's Avatar
 
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Novocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond reputeNovocastrian has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by MarkG
Doesn't seem like a bad idea. By the time it's released, the pound will be worth about as much as a threepenny bit used to be.
Actually that's frighteningly true. If you look at the half-time (jokey) ad on the Graun's MBM report of today's Man. U. match (congrats van Persie BTW), the price of a pack of 10 smokes was one and four back in about 1960. 5 threepenny bits and one penny.

That's less than 7p in today's money. Tesco's online site says today's discount price for a pack of 10 is £4.08. 5 threepenny bits = £4

Admittedly smokes may not be the best guide to inflation, given the continuous onslaught from the anti-tobacco fascists.
Novocastrian is offline  
Old Mar 20th 2014, 3:18 am
  #14  
Nuther day in paradise.ca
 
magnumpi's Avatar
 
Joined: Aug 2008
Location: Ajax, Ontario
Posts: 7,263
magnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond reputemagnumpi has a reputation beyond repute
Default Re: New £1 Coin

Easy to fake, just file the edges onto a 2 pound coin and your done.
magnumpi is offline  
Old Mar 20th 2014, 1:15 pm
  #15  
The ride never ends
 
orly's Avatar
 
Joined: Sep 2011
Location: SW Ontario
Posts: 2,481
orly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond reputeorly has a reputation beyond repute
Default Re: New £1 Coin

Originally Posted by Geordie Lass
30 years old??? Are you sure? Blimey!

That's made me feel old!
I'm not even 30 yet and they still had a halfpenny in circulation when I was born.
orly is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.