Businesses should get ready now for the introduction of the new pound coin

**vetran** · 31 October 2016, 13:31

Originally posted by scooterscot View Post

More on this ground braking story:

New pound coin: Firms told to prepare for redesign
New pound coin: Firms told to prepare for redesign - BBC News

its a thrupenny bit but less valuable

**BrilloPad** · 31 October 2016, 13:45

Originally posted by vetran View Post

its a thrupenny bit but less valuable

Is it cockney rhyming slang for MF?

**SimonMac** · 31 October 2016, 13:47

Originally posted by BrilloPad View Post

Is it cockney rhyming slang for MF?

No he is a merchant banker

**barrydidit** · 31 October 2016, 13:50

Originally posted by scooterscot View Post

More on this ground braking story:

New pound coin: Firms told to prepare for redesign
New pound coin: Firms told to prepare for redesign - BBC News

I wonder if they'll have to remint them all without the UK on? They do seem to have Swizerland in there, and also those odd bits of Africa that Spain owns but doesn't mention when it gets uppity about Gibraltar. Then again, the UK is quite prominent in the middle of that coin and the Frenchies won't like that at all. Perhaps they can shift it all left to make room for Turkey? Maybe an orphaned Scotland floating next to a decapitated Ireland is the answer?

Oh and

breaking (or barking, if that's what you were parping on about)

**sal** · 31 October 2016, 14:01

"The new £1 coin will be the most secure of its kind in the world and its cutting-edge features will present a significant barrier to counterfeiters, reducing the cost to businesses and the taxpayer,"

I'm not sure the cost of refitting all the coin operated machines and Self checkouts will be lower than the cost of accounting for some counterfeit coins.

And how is the high end security features like holograms etc will help on the coin machines. And which shopkeeper checks coins whether they are counterfeit or not? Most don't bother with £5 notes even...

**BrilloPad** · 31 October 2016, 14:03

Originally posted by sal View Post

I'm not sure the cost of refitting all the coin operated machines and Self checkouts will be lower than the cost of accounting for some counterfeit coins.

And how is the high end security features like holograms etc will help on the coin machines. And which shopkeeper checks coins whether they are counterfeit or not? Most don't bother with £5 notes even...

There has to be confidence in the currency.

Though the bigger issue is FIAT currencies. If only the public knew how little faith they should have in the pound....

**MrMarkyMark** · 31 October 2016, 14:19

Originally posted by sal View Post

I'm not sure the cost of refitting all the coin operated machines and Self checkouts will be lower than the cost of accounting for some counterfeit coins.

And how is the high end security features like holograms etc will help on the coin machines. And which shopkeeper checks coins whether they are counterfeit or not? Most don't bother with £5 notes even...

Used to be able to buy them for 40P a shot when I was a student in Plymouth, many moons ago.
The scary thing is looking at a handful, once you know what to look for and realising 60% of your coins are duds.
I seem to notice less are these days actually.

**jamesbrown** · 31 October 2016, 15:18

In other news, the Commission on Monetary Policy for an Independent Scotland has today outlined its preferred currency, post-independence: The Groat.

**vetran** · 31 October 2016, 15:24

Originally posted by jamesbrown View Post

In other news, the Commission on Monetary Policy for an Independent Scotland has today outlined its preferred currency, post-independence: The Groat.

Poor Goat, was Scooter positioned behind it rampant to get that expression?

Businesses should get ready now for the introduction of the new pound coin