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The new £1 Coin

thenewpoundcoin.com

21–30 of 421 posts

Re: The new £1 Coin

#22
post #7

> Hidden high security feature – a high security feature is built into the coin to protect it from counterfeiting in the future. "security through obscurity" as a feature?

When it was first announced, I read that it was a series of phosphors embedded in the metal. As the coin wore with age, different ones would become detectable at the surface.

Obviously I have no idea of the veracity of that, or the accuracy of my memory of the potentially fictitious article.

Re: The new £1 Coin

#23
post #14
post #5

Just curious, has anyone any insight into what that "hidden high security feature is"?

not sure of the veracity of the following: http://www.gizmodo.co.uk/2014/03/what-is-the-new-1-coins-isi... but it might give you some insights...

I was about to post the same link. They couldn't have thought of a worse name for it.

IIRC when copper-plated steel 1p and 2p coins were introduced (up until then they were bronze), they caused havoc with vending machines, whose manufacturers weren't forewarned.

Re: The new £1 Coin

#24
post #6

"The pound won’t be round for much longer" is a pretty awful tagline, I'm not sure they realised what this sounds like...

I read it with the meaning “the pound won’t be in use for long” at first which seemed rather incongruous. I was wondering whether there was something I had missed about happenings with respect to brexit (I’m Australian, never been to the UK). It took me a while to interpret it as “the shape of the pound is changing from a circle to a dodecahedron”.

Re: The new £1 Coin

#25

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.

Re: The new £1 Coin

#26

Earlier quoted context omitted.

I think it's some kind of radio signal transceiver, because I saw a video where they talk about detecting it at high speed from a small distance as coins pass through a system.

That seems expensive, and easy to find by cutting one apart. I suspect it's something about the metal composition, detected with spectroscopy.

It could be a passive radio device, maybe just a loop of ferromagnetic material that gives a particularly noticeable electromagnetic response when excited at a certain radiofrequency.

Re: The new £1 Coin

#27
post #21

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...

It's ok, the coin will only connect to websites over an ethernet connection, and will only load a particular site if it can validate the full certificate chain.

Re: The new £1 Coin

#28

Funnily, the new "most secure" pound will be introduced one day before a pretty big event, Mrs. May's Article 50 invocation, which widely predicted to devalue the pound significantly. You might buy new pounds as "secure" coins, but you'll probably some percentage of their value the next day...

From all the big ForEx investors who will only learn about Brexit when they read in the papers that it has happened?

Re: The new £1 Coin

#29

Earlier quoted context omitted.

I think it's some kind of radio signal transceiver, because I saw a video where they talk about detecting it at high speed from a small distance as coins pass through a system.

That seems expensive, and easy to find by cutting one apart. I suspect it's something about the metal composition, detected with spectroscopy.

Especially for an object designed for mass circulation, any secret information about such a coin would be found out through various destructive engineering techniques, and then the info would be in the wild anyway. Coins have been proven to work for the past millenia without any major changes and I don't see a space for innovation within it.
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