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New pound coins in 2017

Started by andyg, March 18, 2014, 11:47:34 PM

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Alan71

Quote from: augsburger on March 06, 2017, 10:05:54 AM
Are they then going to write "RARE" L@@K" etc on the packaging, before telling the masses these have the lowest mintage figures, then people will start hording 2016 1 pound coins thinking they're worth something and some suck on ebay will buy one normal one for 1,000 pounds.
This 2016-dated coin only appears to be available in a set with the 2016 last round pound.  I expected a price tag of £20 for this, which in itself is a rip-off for two coins, but no, they want £55 for it.  I was also interested in the silver proof version until I saw the price.  I expected £50 but it's £75.  Rip-off Britain is clearly alive and well at the Royal Mint.

augsburger

What I think they'll probably do is release 2016 coins into circulation, then tell people about this one rare 2016 coin with the tiny mint mark that most people will ignore, then tell them how rare the mint mark one is, to make people go crazy.

paddyirish

Got to examine these and the 2015 sample pieces (different design which I quite liked although there was a lot of silver space on the central piece) today.  The coins are pretty nice and felt quite heavy.  It was an awareness session at my client (a large financial institution).  A lot of people were interested.

Also a nice collection of fake £1 coins to show why it was introduced.  I was outed as a collector very quickly- she asked if I could tell why a coin was a fake and I immediately said "wrong year"...

eurocoin

#348
The concern about the new 1 pound coin grows amongst vending machine operators while its introduction is nearing rapidly. Several companies in the vending machine business (including large ones) have reported problems about the electro magnetic signature (EMS) of the trial coins. Apparently there are significant differences in the EMS of the pieces which makes that machines that were calibrated with 1 trial piece will reject another trial piece and vice versa. Vending machine operators were unaware of this large variation and they fear that many machines will have to be re-programmed once more which is very costly.

Some explanation about the Electro Magnetic Signature:



Concerning these trial pound coins, many of them ended up for sale and were being sold for 200 pounds and sometimes more. The Royal Mint now lets take Ebay ads offline and threatens sellers with legal action. They also sent an email to all companies that ordered the pieces to let them know they will take legal action if the pieces don't return.

Bimat

The Royal Mint was indeed successful in creating all the hype regarding the new £1 coin: Almost all Indian news media covered it!

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

augsburger

The Mint learned a lot from the Olympic coins when they assumed there would just be hype. Now they're really pushing everything they've got.

eurocoin

Several mule coins have now been reported as having been found in circulation. An obverse die with date 2016 was matched with a reverse die with 2017 in the micro lettering on the rim.

andyg

I was looking at that micro-lettering yesterday - it's so small you can't read it, I can barely even tell it's there - would I notice if it was missing - no....
always willing to trade modern UK coins for modern coins from elsewhere....

malj1

"would I notice if it was missing - no.... "

That's my thoughts exactly its going to be so easy to pass fakes of the new type in a few months time.

...they may be refused by a slot machine but not by a busy shop assistant.
Malcolm
Have a look at  my tokens and my banknotes.

africancoins

I did this picture...

Thanks Mr Paul Baker

eurocoin

The Falkland Islands are going to take the old UK 1 pound coin out of circulation and will introduce the new UK 1 pound coin. Furthermore they will keep their own round 1 pound coin.

The treasury encourages people to use 2 pounds coins due to a shortage of 1 pound coins. The overview here has now been updated.

andyg

something I noticed this week,
the reeded sections are not always the same when compared to the design,
On some the section next to the "O" in One Pound is reeded, others are plain.

A quick picture taken with the phone just now.
always willing to trade modern UK coins for modern coins from elsewhere....

Alan71

I imagine that's similar to the edge inscriptions on the old pound coins, ie. impossible to get in the same place.

augsburger

It would seem they just send the coins in to be pressed and whichever way around they are, is the way they get pressed.

malj1

There seems to be unlimited quantities of the new pounds dated 2016 for sale on eBay now averaging around 22 to 29 pounds for a bag of 20 coins.

Unfortunately the postage is nearly as much again to me here.
Malcolm
Have a look at  my tokens and my banknotes.