Poll

Do you miss the round pound?

Yes
1 (12.5%)
No
6 (75%)
Don't know
1 (12.5%)

Total Members Voted: 8

Voting closed: May 03, 2018, 10:02:44 PM

Author Topic: Do you miss the round pound?  (Read 524 times)

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Offline <k>

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Re: Do you miss the round pound?
« Reply #15 on: April 24, 2018, 01:09:03 PM »
What about the eurozone, with regard to forgeries, given that there are many different national designs?

Offline Alan71

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Re: Do you miss the round pound?
« Reply #16 on: April 24, 2018, 01:45:07 PM »
Isnít it also the metal itself that was a problem?  Nickel-brass is a softer metal than either cupro-nickel or bronze (not sure about steel).  Old pound coins would easily get scratches on them, sometimes quite deep ones.  Cupro-nickel wears slightly better.  Bronze seems to be the hardest of all, though it tarnishes very quickly. 

Had the £1 coins not been made of nickel-brass, might they have been harder to forge?  When was the last time anyone saw a forged 50p in circulation*?  And how many designs of those exist?!

*Kew Gardens is an exception as forgeries are made and sold on that basis - as a space filler.  Theyíre not in circulation.

Offline <k>

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Re: Do you miss the round pound?
« Reply #17 on: April 24, 2018, 02:25:21 PM »
When was the last time anyone saw a forged 50p in circulation*?

I don't believe I've seen one, but around the turn of the century I read about somebody who was sentenced to 10 years in prison for making counterfeit 50p pieces.

Offline Figleaf

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Re: Do you miss the round pound?
« Reply #18 on: April 24, 2018, 02:46:08 PM »
What about the eurozone, with regard to forgeries, given that there are many different national designs?

Good point. The situations are not the same, though. The reverses are of course the same, but in addition, there are relatively few commemoratives in circulation. Also, coins in circulation are to an extent determined by geography, e.g. in the Benelux it's mostly Germany, France and Spain, on Cyprus it is almost exclusively Cypriot, with a few Greek coins, Irish, Slovak, Slovene, Baltic and Maltese coins seldom occur in circulation in North-Western Europe. In sum, the theoretical number of different obverses is far larger than the actual number of obverses in circulation. Nevertheless, the multitude of 2 euro obverses is a danger and the uniformity of design in some euro countries (e.g. Germany) can be seen as protection against forgery.

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

Offline Alan71

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Re: Do you miss the round pound?
« Reply #19 on: April 24, 2018, 06:10:20 PM »
None of the £1 coin designs were commemoratives, but it can be argued that the city and floral versions of later years circulated in the same low numbers as commemoratives.  All of the others were standard designs issued in large enough numbers.

Offline EWC

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Re: Do you miss the round pound?
« Reply #20 on: April 25, 2018, 09:32:21 AM »
It is a fairly well-known phenomenon that when coinage is unfamiliar, it is easier for forgers to pass pieces that in more familiar surroundings would probably be weeded out. Hence the enormous quantity of forgeries that still exist from the 1816-20 coinage. In that case it was general unfamiliarity with the new coinage, but in the case of the round pounds the appearance of a coin that doesn't look quite right could erroneously be put down to it being just one more in a seemingly infinite range of different designs.

Completely agree

Rob

Offline EWC

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Re: Do you miss the round pound?
« Reply #21 on: April 25, 2018, 09:37:12 AM »
Isnít it also the metal itself that was a problem?  Nickel-brass is a softer metal than either cupro-nickel or bronze (not sure about steel).  Old pound coins would easily get scratches on them, sometimes quite deep ones. 

Completely agree

Rob

PS  I can even theoretically envisage one day agreeing with <k>!   :)
« Last Edit: April 25, 2018, 01:55:26 PM by Figleaf »

Offline andyg

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Re: Do you miss the round pound?
« Reply #22 on: April 25, 2018, 09:32:29 PM »
Back when 50p was the biggest value coin fakes were a problem....
Never seen a fake of the new size though (besides the collector fakes mentioned above),
I think the Pound was an easier target.
always willing to trade modern UK coins for modern coins from elsewhere....