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The new £1 Coin

thenewpoundcoin.com

41–50 of 421 posts

Re: The new £1 Coin

#41

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...

We're getting a new pound; it's called the "dollar".

Re: The new £1 Coin

#42
post #38

Earlier quoted context omitted.

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”.

If it meant that, I'd expect it to be: "The pound won’t be a round for much longer" so the original sentence is sort of a pun. Maybe "around" is a local use of English.

Just like “until” is commonly shortened “till”, “around” is commonly shortened as “round”.

Re: The new £1 Coin

#43

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.

Re: The new £1 Coin

#44
post #31
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...

The new coin is still called "pound", so indeed the statement makes no sense.

The old pound coin was round. The new pound coin is 12-sided. Thus, the pound coin will still be around but it won't be round much longer.

Re: The new £1 Coin

#45
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...

It's a play on words. Of course they realised.

Re: The new £1 Coin

#46

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 it's fake.

EDIT: Here's the first page I found looking for example images:

http://www.larkinweb.co.uk/miscellany/counterfeit_one_pound_...

To my eye they look really shonky.

Edit II: A couple more examples:

http://www.cryst.co.uk/category/fake-pound-coins/

http://www.employees.org/~tw/quids/quids.html

FinalEditIPromiseNoReally:

Check out this stack, they're almost comically bad:

http://blog.alism.com/wp-content/2006/08/coinstack.jpg

(found on this blog: http://blog.alism.com/fake-one-pound-coins-part-three/)

Re: The new £1 Coin

#47

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!

As it's illegal to knowingly pay for anything with forged currency, I deliberately never check too carefully, and assume any coins rejected by vending machines must simply be worn.

Re: The new £1 Coin

#49
post #2

Is counterfeiting coins very lucrative?

Lucrative for sure as one can tell from the number of fake in circulation. Very lucrative maybe not, I doubt one can become a billionaire unless maybe if the manufacturer if he was the only one making the fakes.

Re: The new £1 Coin

#50

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.

Lol, how is the UK close to falling apart? Do you mean literally that the union is falling apart or more figuratively speaking that the country is unravelling?
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