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The new £1 Coin

thenewpoundcoin.com

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Re: The new £1 Coin

#161

Post by JshWright »

taway_1212 wrote: post #120
oneeyedpigeon wrote: post #3

As a UK citizen, it stuns me that one-in-thirty pound coins is a fake because a) i can't imagine how it's possibly worth it b) out of the thousands of pound coins i must have handled, I've never spotted a fake - they must be very good. Still, the new coin certainly looks nice!

I was cheated in the most crude way in London once - gentlemen selling African street food gave me (in my change, amongst other coins) a coin that looks and feels very much like a British pound, but is Ugandian (IIRC) and has some kind of ostrich-like bird's head on it instead of the Queen's.

It happens a lot around here (in New York, a few hours from the Canadian border) with Canadian coins.

Obviously it's a bit different here, as the values are roughly the same, but I can see how that would happen as an honest mistake.

Re: The new £1 Coin

#162

Post by MattBearman »

oneeyedpigeon wrote: post #3

As a UK citizen, it stuns me that one-in-thirty pound coins is a fake because a) i can't imagine how it's possibly worth it b) out of the thousands of pound coins i must have handled, I've never spotted a fake - they must be very good. Still, the new coin certainly looks nice!

I briefly worked in an arcade a few years back, so was changing a lot of £1 coins. 1 in 30 sounds about right, it was amazing how many fakes we'd see.

Like others have said, the lettering around the edge is always the biggest clue, but also the head and tails stampings will sometimes be off centre, and misaligned to each other.

The fake ones also make the 'wrong' noise when you drop them on a hard surface. It's hard to describe, but really noticeable if you compare it to a real coin.

Re: The new £1 Coin

#163

Post by adaml_623 »

bambax wrote: post #158

Why not make the new £1 coin Euro compatible? Despite Brexit and all, it would make so much sense to share the same dimensions for the pound and the Euro. Old pound: diameter 22.5 mm, thickness 3.15 mm. New pound: diameter 22.63 - 23.43mm [1], thickness 2.8 mm. Euro: diameter 23.25 mm, thickness 2.33 mm. So close and yet so different! Why??!? Edit: Okay, I'm not sure why I saw "so much sense" in having the pound and…

Because then vending machines would accept Euro coins as well as pound coins and you would be able to obtain goods for 60%(?) of the asking price??

Re: The new £1 Coin

#164

Post by gadders »

oneeyedpigeon wrote: post #3

As a UK citizen, it stuns me that one-in-thirty pound coins is a fake because a) i can't imagine how it's possibly worth it b) out of the thousands of pound coins i must have handled, I've never spotted a fake - they must be very good. Still, the new coin certainly looks nice!

I've spotted a few. They feel "light".

Re: The new £1 Coin

#165

Post by throwanem »

mirekrusin wrote: post #48

After two pints it won't be distinguishable from € coin, many people have both in pockets, it's already hard for < 1 €/£ :(

Two pints of what? Tequila? What in God's name do you have on tap over there, that a mere two pints gets you so blind you can't tell coins apart?

Re: The new £1 Coin

#166

Post by [deleted] »

bambax wrote: post #158

Why not make the new £1 coin Euro compatible? Despite Brexit and all, it would make so much sense to share the same dimensions for the pound and the Euro. Old pound: diameter 22.5 mm, thickness 3.15 mm. New pound: diameter 22.63 - 23.43mm [1], thickness 2.8 mm. Euro: diameter 23.25 mm, thickness 2.33 mm. So close and yet so different! Why??!? Edit: Okay, I'm not sure why I saw "so much sense" in having the pound and…

[deleted]

Re: The new £1 Coin

#167

Post by djaychela »

bambax wrote: post #158

Why not make the new £1 coin Euro compatible? Despite Brexit and all, it would make so much sense to share the same dimensions for the pound and the Euro. Old pound: diameter 22.5 mm, thickness 3.15 mm. New pound: diameter 22.63 - 23.43mm [1], thickness 2.8 mm. Euro: diameter 23.25 mm, thickness 2.33 mm. So close and yet so different! Why??!? Edit: Okay, I'm not sure why I saw "so much sense" in having the pound and…

Not sure how it would make sense? They're worth different amounts(1), surely it would open up an easy loophole to make money if they were the same size?

(1) or are sometimes, depending on how much of a mess Brexit ends up being!

Re: The new £1 Coin

#168

Post by ptaipale »

kintamanimatt wrote: post #149
taway_1212 wrote: post #120

Earlier quoted context omitted.

I was cheated in the most crude way in London once - gentlemen selling African street food gave me (in my change, amongst other coins) a coin that looks and feels very much like a British pound, but is Ugandian (IIRC) and has some kind of ostrich-like bird's head on it instead of the Queen's.

That could have been a mistake. Some coins from New Zealand, for example, look a lot like British currency.

Likewise for the euro: the Thailand 10 baht coin (worth about 27 cents) is quite similar to 2 euro coin, similar enough that you actually have to look carefully to notice.

Each euro country mints their own coins with different insignia, so people are used to 2 euro coins that what whatever figurehead.

Re: The new £1 Coin

#169

Post by pjc50 »

pja wrote: post #25
oneeyedpigeon wrote: post #3

As a UK citizen, it stuns me that one-in-thirty pound coins is a fake because a) i can't imagine how it's possibly worth it b) out of the thousands of pound coins i must have handled, I've never spotted a fake - they must be very good. Still, the new coin certainly looks nice!

Nah, the fakes are fairly obvious once you know what to look for. It doesn’t really matter so long as they circulate like other currency though. Money is weird.

Somalia spent years accepting fakes as real, because there was no "real" government: http://jpkoning.blogspot.co.uk/2017/03/bringing-back-somali-...

(Price fell to roughly the cost of production)

Re: The new £1 Coin

#170

Post by muse900 »

What I don't get is why we need coins anymore? Can't they just make £1 pound note same to the £5 one? I am always annoyed when I got coins on me and I never pay attention to them. Why not make £1 worth more by making it a note? Why not move away from notes nowadays? Is there any specific reason to that?

Is there just too much metal sitting around that they thought that would be an ok use of it?

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