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The new £1 Coin

thenewpoundcoin.com

221–230 of 421 posts

Re: The new £1 Coin

#221

Earlier quoted context omitted.

Hasn't UK been fighting encryption since at least the 90's ?

To be honest, they have been fighting encryption since the 30's.

Public key encryption was actually first thought of at GCHQ - but was you would expect they kept it secret:

https://en.wikipedia.org/wiki/Public-key_cryptography#Classi...

Re: The new £1 Coin

#223
How the "hidden high security feature"* in the new £1 coin works is covered here:

https://security.stackexchange.com/questions/53673/how-does-...

* Royal Mint’s new anti-counterfeiting technology, which can be authenticated by high-speed automated detection, was called Integrated Secure Identification Systems (ISIS) - but for obvious reasons, they've stopped using that name.

Re: The new £1 Coin

#224

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 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…

I think it's really hard for a layperson to detect these. I've been checking for months my change and still havne't spotted a convincing example. Every blog or page explaining them requires generally deep knowledge around what dots should be where or what the correct symbology is for the issue year, etc.

Re: The new £1 Coin

#225
post #214

Earlier quoted context omitted.

> (Turkish government recently switched IDs to something like that). That’s actually quite an old idea – most european countries’ IDs just have a normal smartcard in them, allowing normal signing and verification.

Interesting, I wonder if it's like the EMV credit cards. I wonder if this stuff is standardized, are the ID and credit card chips the same? Having the same readers would be useful, especially if all countries started doing that. Would be a little insane to have like a tower of card readers at like airports. "Oh your from America use the one in the middle" "Your from Canada use the one at the bottom." If the same hard…

Yes, they are the same standard.

In Germany this is actually used in all cigarette or alcohol dispensers.

You can pay via EC card or via cash, but you first need to verify age via EC card or ID.

EC cards (kinda like debit cards) and ID cards have two age verification functions, of which only one per minute can be called, these just verify if the account holder is > 16 or > 18.

So you press the button to get a bottle of beer, the system checks if you’re 16, you pay, and you get it.

Or you press the button to get a bottle of vodka, the system checks if you’re 18, you pay, and you get it.

All this is standard tech, supported by any normal RFID or card reader, and you can use the same reader for secure home banking, for verification, etc.

Re: The new £1 Coin

#226
post #53

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!

There's a page on the site telling you how to spot counterfeits. http://www.royalmint.com/discover/uk-coins/counterfeit-one-p...

I clicked that link and was told 'You are in a queue... You will be redirected to our website as soon as possible. There are 16 people ahead of you'. It was like being on hold for call centre! Screenshot: https://s8.postimg.org/6yp8lcs51/Untitled.png

Re: The new £1 Coin

#227
Canada has an 11-sided 1 dollar coin (the loonie) and a bimetallic 2 dollar coin (the toonie). This new £1 coin is basically a mash-up of the two.

Fair warning: People are going to put these things in pneumatic presses, hit them with sledge-hammers, etc. and then claim their brand new £1 coins are defective and "just fell apart". You should probably ignore these people. I'd be very surprised if the Royal Mint hadn't talked to the Canadian Mint and made sure they know how to make these things absolutely bomber.

Re: The new £1 Coin

#229
post #53

Earlier quoted context omitted.

There's a page on the site telling you how to spot counterfeits. http://www.royalmint.com/discover/uk-coins/counterfeit-one-p...

I clicked that link and was told 'You are in a queue... You will be redirected to our website as soon as possible. There are 16 people ahead of you'. It was like being on hold for call centre! Screenshot: https://s8.postimg.org/6yp8lcs51/Untitled.png

Perhaps its because they often release unique/collectable coins for sale, and so a simple cache wouldn't work. It seems odd to apply it to a static page as well as the shop though.

Re: The new £1 Coin

#230
post #227

Canada has an 11-sided 1 dollar coin (the loonie) and a bimetallic 2 dollar coin (the toonie). This new £1 coin is basically a mash-up of the two. Fair warning: People are going to put these things in pneumatic presses, hit them with sledge-hammers, etc. and then claim their brand new £1 coins are defective and "just fell apart". You should probably ignore these people. I'd be very surprised if the Royal Mint hadn't…

The UK already has a bimetallic £2 coin. I don't see anything radically new here.
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