Author Topic: New pound coins in 2017  (Read 79949 times)

0 Members and 1 Guest are viewing this topic.

Online Alan71

  • Moderator
  • Meritorious Member
  • *****
  • Posts: 988
  • Derby, UK
Re: New pound coins in 2017
« Reply #480 on: August 08, 2018, 09:34:45 PM »
According to BBC Wales, 169 million round pound coins have not yet been returned. Approximately 138 million round pound coins of the total of 1.5 billion that were returned were melted down and the alloys used to make the 12-sided counterpart.

In the grand scheme of things it isn’t all that many.  In 1984, 146 million were issued.  Looking at it like that, it would mean every £1 for all other dates 1983, 1985 to 2015 have been returned.  Plus that 139 million includes coins deliberately saved (I’ve probably got at least 100 myself).

Offline eurocoin

  • Indexer
  • Honorary Member
  • *****
  • Posts: 2 818
Re: New pound coins in 2017
« Reply #481 on: December 10, 2018, 07:51:30 PM »



It appears that for at least 6 months there already have been counterfeit new 1 pound coins in circulation. For a long time there was uncertainty about this as none of the finders of the coins wanted to have their piece professionally examined. A photo of one of these counterfeit pieces can be found above. It has 15 reeds on the edge instead of 13, the latent image doesn't work properly, there is no micro lettering around he rim and it is lighter and larger than a genuine pound coin. One of the visible characteristics of it is the die crack under the lettering "one pound". An attempt to locate the counterfeiting ring by mapping the finds of the coins, a method that has proven its reliability in the past, was in this case to no avail. Based on the alloys used it is safe to assume the ring is located somewhere in Europe. The pieces will be XRF tested and will possibly also tested by The Royal Mint to see if they have the high security feature embedded into them. This is so far the only known type of counterfeit new 1 pound coin.

Images and research not my own, conclusion my own.

Offline FosseWay

  • Moderator
  • Honorary Member
  • *****
  • Posts: 2 969
  • Göteborg, Sverige
Re: New pound coins in 2017
« Reply #482 on: December 10, 2018, 10:29:42 PM »
You have to wonder why they go to the trouble of forging the £1 coin, with all its added security features, when the £2 has fewer such features and yields twice the profit.

That said, I've only ever come across one fake £2 in the wild (I've seen a handful of others in the possession of collectors) compared to literally hundreds of fake brass £1s.

Offline eurocoin

  • Indexer
  • Honorary Member
  • *****
  • Posts: 2 818
Re: New pound coins in 2017
« Reply #483 on: December 22, 2018, 09:45:07 PM »
XRF testing has shown the counterfeit pieces are of a different metallic composition. Furthermore the pieces failed testing on a neodymium slide as can be seen here. One counterfeit piece was cut into half which proved it to be made out of a ring and core.

You have to wonder why they go to the trouble of forging the £1 coin, with all its added security features, when the £2 has fewer such features and yields twice the profit.

I agree with you. I had not expected there to be any counterfeit new 1 pound coins for a long time. Because of that combined with the fact that the quality standards at the Royal Mint have slipped miserably in recent years, I for a long time thought these were just substandard or worn genuine new 1 pound coins.
« Last Edit: December 23, 2018, 06:47:07 PM by eurocoin »

Offline eurocoin

  • Indexer
  • Honorary Member
  • *****
  • Posts: 2 818
Re: New pound coins in 2017
« Reply #484 on: February 01, 2019, 05:21:22 PM »
The Royal Mint continues to refuse to say whether the 1 pound coin will again be used for commemoratives.

Online Alan71

  • Moderator
  • Meritorious Member
  • *****
  • Posts: 988
  • Derby, UK
Re: New pound coins in 2017
« Reply #485 on: February 02, 2019, 11:02:21 AM »
The Royal Mint continues to refuse to say whether the 1 pound coin will again be used for commemoratives.
It never has been a commemorative coin, but you mean rotating series depicting the individual countries of the UK.   It would be nice to see, but only if they go back to how they did it before 2008 (one coin each year with the standard design only re-appearing in the year after the series completes).  I wouldn’t want to see the standard plus two coins for a series in the same year as happened after 2008, but somehow I think that’s more likely.

Offline Figleaf

  • Administrator
  • Honorary Member
  • *****
  • Posts: 28 059
Re: New pound coins in 2017
« Reply #486 on: February 02, 2019, 11:26:37 AM »
I like the term "pictorials" proposed by FosseWay here. It is more generic and easier to type than "rotating series depicting the individual countries of the UK."

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.