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That seems weird. Why would they spend 10 years of research to produce a one-off collectors item?
To demonstrate feasibility and estimate costs. The tech could then eventually be rolled out but since Germany is part of the EU for EU-wide legal tender all mints need to switch: "standard" euro coins have a common design and reverse, and a national obverse (with some restrictions).
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It's super cool, but this coin is not used in general circulation and is more or less only a collectors item.
That seems weird. Why would they spend 10 years of research to produce a one-off collectors item?
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It's super cool, but this coin is not used in general circulation and is more or less only a collectors item.
That seems weird. Why would they spend 10 years of research to produce a one-off collectors item?
For a moment I thought/hoped the UK would introduce an official cryptocurrency...
Reading the title that's exactly what I expected, discovering that it was simply a redesign of an actual coin was a let down. I guess this is related to the UK being close to falling apart due to brexit.
Pretty sure the knowledge that there will be a new £1 coin has been known far longer than brexit has even been a thing.
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From all the big ForEx investors who will only learn about Brexit when they read in the papers that it has happened?
There is a strong emotional effect at play, so it's hard to say what will happen. I know someone currently buying a house, and the question of what will happen when Article 50 is invoked has been a persistent theme. E.g. in London, thousands of banking jobs may hang in the balance, with at least one bank having made it very clear internally that once Article 50 is invoked they will start planning which jobs to move -…
thankfully you aren't the majority; we really would have had a recession if everyone had cut their spending
From my understanding, all money is created as debt. Counterfeits would be an exception. What is the impact of this?
However, most central banks do that on a much larger scale at the moment to get that inflation and it doesn't really work (the Bank of England has stopped that though).
The website for the most secure coin in the world only gets a B rating from ssllabs: https://www.ssllabs.com/ssltest/analyze.html?d=www.thenewpou...
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> I've never spotted a fake - they must be very good Some regions seem to get more than others, I used to see large numbers in the change I got in London. The quickest "tell" for me is the lettering on the edge. Some of it is shockingly poor quality and almost looks like someone took a soldering iron to draw it on. The next time a machine rejects one of your pound coins, take another look at it, there's a good chance…
Interesting. Thanks for the links. I have indeed had some pound coins which were tatty round the edges and had to be pushed through a self-service checkout several times or wouldn't even go through at all. I still hadn't realised they might be fake, though. I have noticed that a lot of old 10p coins are noticeably a lot thinner (presumably worn down rather than starting out thinner) than new ones. Is this as it shoul…
Yeah, I was the same until a machine failed and a colleague said that the coin might be fake.
There is something rather delicious in the fact that we're so used to machines and computers failing that the idea the coin could be wrong never entered our heads!
