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New £1 and 50 pence coins |
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#1 |
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Join Date: Mar 2013
Posts: 134
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New £1 and 50 pence coins
So it has been announced that a new £1 coin will come into circulation in March this year, with the old ones being legal tender until 15th October 2017. There is also new 50 pence also coming into circulation as well, but does anyone know if the old 50 pence coins will be going out of circulation and if so on what date?
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#2 |
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Join Date: Sep 2003
Location: Devon
Posts: 47,995
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The new 50p is afaik is just a new design on the face, it isn't like the new £1 coin a replacement.
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#3 |
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Forum Member
Join Date: Mar 2013
Posts: 134
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Quote:
The new 50p is afaik is just a new design on the face, it isn't like the new £1 coin a replacement.
I will double check next time I am down the bank as well. |
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#4 |
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Join Date: Aug 2005
Location: The Sunny Side Of The Street
Posts: 40,099
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This will confuse the blind people.
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#5 |
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Join Date: Dec 2010
Location: Wirral Peninsula
Posts: 4,775
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The new 50p is just a new design for 2017, they're not going out of circulation. It's only the old shape £1 that will go on Oct 15th, as you stated in your OP. More here: http://www.hulldailymail.co.uk/new-1...ail/story.html.
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#6 |
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Join Date: Apr 2005
Location: Crawley, West Sussex
Posts: 9,299
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#7 |
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Join Date: Mar 2013
Posts: 134
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Thanks folks.
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#8 |
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Join Date: Apr 2005
Location: Crawley, West Sussex
Posts: 9,299
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Quote:
This will confuse the blind people.
From the FAQ: Quote:
How will the visually impaired be able to identify the new £1 coin?
The Royal Mint has consulted with the Royal National Institute of Blind People (RNIB) to assess any impact for the visually impaired in relation to identifying the new £1 coin. User testing showed that the 12 sides of the new £1 coin and the milled edges made it easier to identify. |
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#9 |
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Join Date: Sep 2005
Posts: 39,227
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Quote:
More info on new coins in 2017 here
Quote:
In 2017 the public will see the new 12-sided £1 coin, hailed as the most secure coin in the world, enter circulation.
They're setting themselves up for failure with that quote! I can imagine the Daily Mail headlines when fake ones inevitably enter circulation..
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#10 |
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Join Date: Mar 2011
Location: Newark, Notts, UK
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They're setting themselves up for failure with that quote! I can imagine the Daily Mail headlines when fake ones inevitably enter circulation..
*probably just an RFID tag or something, tbh. |
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#11 |
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Join Date: Apr 2005
Location: Crawley, West Sussex
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Quote:
They're setting themselves up for failure with that quote! I can imagine the Daily Mail headlines when fake ones inevitably enter circulation..
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#12 |
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Join Date: Jun 2010
Posts: 1,400
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Quote:
This will confuse the blind people.
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#13 |
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Join Date: Feb 2006
Location: Deep Within The Chain Of Evil
Posts: 51,280
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This is going to cause a lot of expense for the those that operate the many machines that take the £1.00 coin. Car park meters, vending machines, supermarket trolleys etc.
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#14 |
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Join Date: Oct 2004
Location: Buckingham
Posts: 28,537
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I have a token somewhere that operates a pound slot mechanism which is handy as it meant I am never tempted to spend it and be without. I am sure they will be still be available. I got mine for £1.50 from a charity shop.
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#15 |
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Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
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The reason the 1 pound coin is being taking out of circulation and not the 50p is because about 20% of the coins in circulation are fakes.
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#16 |
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Join Date: Jul 2010
Location: OP is a murderer!!
Posts: 27,205
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Quote:
This will confuse the blind people.
Our money is more like Monopoly money as it is. The new £5 notes are a pain
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#17 |
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Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
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Quote:
And the elderly. They struggle as it is.
Our money is more like Monopoly money as it is. The new £5 notes are a pain ![]() I'm of the view that within a few yrs the gov will make us a cashless society. Me and my parents rarelt car cash as we manage with cards - it will make it much easier for the gov to trac black market money and many busniess people that rund smaller firms Eg builders, shopis taxis etc have cash stashed away. In India they did aaway with 50 and 100 quid notes overnight and anyone dpeositing more than a few hundred quid by a some one we knowcut off date of 3 months would need to detail the source of their money One of uncles runs a build firm high end - deal in loads of cash - several years ago car main dealers stopped taking cash payments of more than 1k becuse of gov guidleines - so my uncle had to delay buying his brand new Bentley until he drip fed cash into his, and his wifes accounts |
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#18 |
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Join Date: Jun 2006
Location: Mid Wales / Canolbarth Cymru
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And the elderly. They struggle as it is.
Our money is more like Monopoly money as it is. The new £5 notes are a pain ![]() I offered to take them whenever she received any in change, but surprisingly she wasn't up for this at all. |
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#19 |
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Join Date: Jan 2009
Location: Scotland
Posts: 1,812
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Quote:
This is going to cause a lot of expense for the those that operate the many machines that take the £1.00 coin. Car park meters, vending machines, supermarket trolleys etc.
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#20 |
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Join Date: Jan 2010
Location: Manchester area
Posts: 15,161
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Although I knew that a new £1 coin was on the cards, today was the first time I heard that the current one would cease to be legal tender in October. Little did I know yesterday that the current £1 coin would survive the whole of this year.
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#21 |
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Join Date: Mar 2009
Posts: 20,674
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Quote:
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#22 |
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Join Date: Sep 2011
Posts: 10,235
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Quote:
The reason the 1 pound coin is being taking out of circulation and not the 50p is because about 20% of the coins in circulation are fakes.
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#23 |
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Join Date: Feb 2007
Posts: 339
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I read it was one in ten. Sounds about right as it seems about one in ten I put in pay machines are not accepted.
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#24 |
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Join Date: Sep 2011
Posts: 10,235
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Quote:
I read it was one in ten. Sounds about right as it seems about one in ten I put in pay machines are not accepted.
Quote:
The Royal Mint regularly conducts surveys to estimate the level of counterfeit £1 coins in the UK. A survey undertaken in May 2015 found that the rate of counterfeit UK £1 coins in circulation at the time was 2.55%, compared to 3.03% in May 2014.
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#25 |
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Join Date: Nov 2015
Posts: 2,058
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Given that they are including a "secret" security feature* it might at least take a bit longer.
*probably just an RFID tag or something, tbh. Plus if you get them as change, will you carry a RFID reader around with you? Some of the old £1 coin fakes weren't very good (Gold paint!) and yet millions got into circulation. So many in fact that they just gave up on trying to sort it out. |
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