New pound coins in 2017

[andyg]

Between 1986 and 1992 I only ever did find one 10p dated 1981.....

[Alan71]

Between 1986 and 1992 I only ever did find one 10p dated 1981.....

I got a couple of circulated 1981 10p coins off eBay a few years ago. Even these are fairly rare compared to the proof versions.

[eurocoin]

The Falkland Islands are currently considering the issuance of a new 1 pound coin in 2017.

[Jostein]

The Falkland Islands are currently considering the issuance of a new 1 pound coin in 2017.

The same as Gibraltar. It is not oficial, but I was in the rock the last friday asking some people in the Post Office about the new 1 pound coin, they told me that the coin must have the same characteristics than the British one, and consequently, the coin will change too.


Jostein 

[Pabitra]

I assume that it is a foregone conclusion that all British territories will sooner or later follow the new design pound coin. It is because of the statutes / laws which specify the coins to be of same shape and size. The delay would be due to logistics. In other words, other nations like Isle of Man, Guernsey, Jesey Islands etc. too would do that over a period of time.

[Alan71]

The Falklands were slow with other issues, but even if it takes eight years, they will fall into line, as will the five other users of the pound.  Jersey, Guernsey, Isle of Man and Gibraltar will do so at the same or similar time due to their close proximity to the UK and popularity as tourist destinations.  The Falklands and St Helena-Ascension may take longer as both presumably have far fewer visitors from the UK due to their remoteness.

[RED]

I contacted all the territories Treasuries towards the end of last year and the only one to bother getting back to me was Guernsey who have no plans to adopt/change the £1 coin as counterfeiting/forgery of it isn't a problem on the island, and the islanders prefer the £1 note anyway !!

[Alan71]

^^ That's extremely naive of Guernsey to say counterfeiting/forgery isn't a problem there.  Of course it is!  The vast majority of £1 coins in circulation there are from the UK, and they're almost as plentiful as they are here, and some of those will be forgeries.  What they mean is that it isn't their problem as presumably they return these £1 coins to the UK at intervals, and the UK therefore bears the cost of the forgeries.  Without any doubt there will be forged coins being circulated there at any one time.

I still find it quite bizarre that they all seem to be saying they have no plans to issue it.  As users of the pound (be it sterling or not), their coins are produced to the exact same specifications as the UK ones.  Re-sizing and new coins were all adopted by each of the six territories so that they all currently have all eight denominations.  To say they aren't going to issue this one is ludicrous.  When the UK pound coin ceases to be legal tender here, it will do so in the Crown dependencies and Gibraltar too.  It can't not!  UK visitors to these territories will take new UK £1 coins with them and they will freely circulate.  It would be impossible to have a system where two types of the same denomination run alongside each other indefinitely.

Guernsey has had semi-regular issues of all eight denominations in this century so far.  2003, 2006 and most recently 2012.  When they next do this, what will they do?  Issue seven denominations?  Eight, with the old round pound?  Of course not, they'll issue the new one!  It just might be a few years away, that's all.

[<k>]

But Alan, why not? Remember this:

"all small and large UK coins circulated alongside small and large Falkland Islands coins from 1998 until 2001."

See here.

[Alan71]

Yes, I did see that.  However, the Falklands are more remote.  They don't have mass numbers of visitors from the UK and they also have a small population.  Why would Guernsey, Jersey, Isle of Man or Gibraltar not issue the new coin when they've issued all other new coins at the same time as the UK?  As users of the £1 note, would they really want two types of £1 coin circulating?  And with no more of the old style coins coming over from the UK, surely it would just be easier to ship them all back to the UK for melting down, forgeries and all?

I've never actually seen a Guernsey £1 coin in circulation in the island.  I have seen Jersey ones, but all the ones I have from Guernsey came from the states treasury, sets or eBay.  They issue the coin to make up the numbers (as is also the case with the £2 coin).  It just seems inconceivable that they won't issue this one, even if it doesn't actually circulate.

On my first visit to Guernsey after getting into collecting, in 1998, I called in at the Treasury and asked for examples of the latest issues of each denomination.  The £1 was the 1983 issue!  Any since then have been issued in very small numbers to circulation, if at all, so it's not like it would cost them very much to introduce their own version.  They haven't done mint sets since 2003, but they've issued £1 coins in 2006 and 2012 in order to have a complete issue of denominations for those years.  Unless they're not going to do that again, at some point the new £1 must appear.

[<k>]

The crown dependencies and Gibraltar are sometimes a little slow to follow numismatic developments in the UK (and sometimes ahead of us - e.g. as regards dropping the half penny and the "NEW" in "NEW PENCE" on the coin legends - though that doesn't apply to all these territories). And they do things differently there - at least in the crown dependencies, where they still prefer the pound note to using one and two pound coins. But that's part of their charm. There may be some logic to what you say, but they will no doubt do things at their own pace. 

[RED]

I think the problem with some of the territories adopting the new coin is quite simply they can't..unless they commission the Royal Mint to start producing their coinage again.
The new coin is supposedly full of Royal Mint patented anti-counterfeiting ISIS technology (Yeah, seriously, I bet whoever named that is kicking themselves now) but only some territories have the RM make their coins...
Of course the non-RM ones could issue their own bi-metallic coins of the same size and weight but the composition (electronic signature) would never match.

Am I correct in saying the IOM won't accept mainland coins ? If so there'll be a steep drop in the amount of pound coins they'll need to produce every year as (Up here in the North East) there are always IOMs kicking about, in fact the past 2 or 3 years running I've received that years new IOM £1 coin before the UK £1.

Incidentally... slight tangent (Might have been noted earlier?)... has anyone else noticed on the proclamation for the new pound coin it doesn't actually say it's bi-metallic ??

A new coin of nickel-brass of the denomination of one pound shall be made, being a coin of a standard weight (including the nickel plate) of 8.75 grammes, a standard diameter of 23.03 millimetres, being twelve sided in shape and having joined concentric inner and outer sections, with a standard composition (excluding the nickel plate) of seventy-six per centum copper, four per centum nickel and twenty per centum zinc.

Seems like it's made in 2 sections, much the same as the £2 but using the same alloy, just nickel plated in the centre 

[andyg]

Jersey/Guernsey/St Helena and Falklands still use the Royal Mint.

Pobjoy (Isle of Man) source their blanks from the Royal Mint but strike them themselves, so maybe they could do this with the pounds as well?

Tower Mint (Gibraltar) I know less about.

(as an aside I find more Manx pound coins here on the Mainland than I ever did in the Isle of Man!)

[Pabitra]

Incidentally... slight tangent (Might have been noted earlier?)... has anyone else noticed on the proclamation for the new pound coin it doesn't actually say it's bi-metallic ??

Seems like it's made in 2 sections, much the same as the £2 but using the same alloy, just nickel plated in the centre 

Then why do you need to make two sections and join them,
As in "having joined concentric inner and outer sections,".
Surely, there must be some reasons.

2 Pounds is classified as bimetallic.

[Alan71]

I must have missed the details of the specifications of the new coin being announced.  Interesting that the new coin is 8.75 grammes, so 0.75 grammes lighter than the current coin, but its diameter is 0.53mm more.