Bank of England bosses have admitted they believe there are almost 50 million fake £1 coins in the nation's pockets.
Experts now believe that almost one in every thirty pound coins is a fake with around half of these counterfeit coins good enough to fool vending machine and automated tills.
In the last five years a total of nine million £1 coins have been detected and withdrawn by the Treasury.
[IMG]http://i.dailymail.co.uk/i/pix/2015/01/20/1C6B034C00000578-0-image-a-4_1421776216806.jpg[/IMG]
[B][I]A new £1 coin is due to be brought into circulation in 2017- and the Treasury believe it will be 'the most secure circulating coin in the world'
[/I][/B][quote]It may not always be easy to spot a counterfeit £1 coin without close inspection. The Royal Mint has produced this guide on how to spot a fake:
The date and design on the reverse do not match (the reverse design is changed each year)
The lettering or inscription on the edge of the coin does not correspond to the right year
The milled edge is poorly defined and the lettering is uneven in depth, spacing or is poorly formed
The obverse and reverse designs are not as sharp or well defined
Where the coin should have been in circulation for some time, the colouring appears more shiny and golden and the coin shows no sign of age
The colour of the coin does not match genuine coins
The orientation of the obverse and reverse designs is not in line[/quote]
[url]http://www.dailymail.co.uk/news/article-2918703/How-fake-1-coins-purse-Bank-England-chiefs-admit-currently-50-million-fakes-circulation-s-one-thirty-fool-vending-machines.html[/url]
New £1 coin looks pretty dope
Wait that new coin isn't going to match the sequence of coins now :(
1p and 2p are copper and round
5p and 10p are silver and round
20p and 50p are silver and 7 sided
£1 and £2 are gold and round
(I'm aware they're not gold/copper/silver etc)
Each have their respective size depending on their value, 1p is smaller than 2p etc etc
Now [I]everything[/I][B] [I]is[/I][/B] [B][U][I]RUINED[/I][/U][/B]
I remember a few years back hearing a big fuss around clipped coins and seeing a couple myself. Never imagined it was such a big problem though.
Coins are meant to be objects of constant width so I don't think that mock up is massively accurate.
[QUOTE=ZombieDawgs;46974785]Wait that new coin isn't going to match the sequence of coins now :(
1p and 2p are copper and round
5p and 10p are silver and round
20p and 50p are silver and 7 sided
£1 and £2 are gold and round
(I'm aware they're not gold/copper/silver etc)
Each have their respective size depending on their value, 1p is smaller than 2p etc etc
Now [I]everything[/I][B] [I]is[/I][/B] [B][U][I]RUINED[/I][/U][/B][/QUOTE]
It kind of does still fit- £1 and £2 are both dual-alloy coins.
[QUOTE=ZombieDawgs;46974785]
Now [I]everything[/I][B] [I]is[/I][/B] [B][U][I]RUINED[/I][/U][/B][/QUOTE]
The 0.50 Euro cent coin is bigger than 1 Euro in size, how annoying is that.
Now if the coins were made from materials that matched their true value like they used to be, it would not be a problem. Other than running out of that natural resource.
[QUOTE=itisjuly;46974839]The 0.50 Euro cent coin is bigger than 1 Euro in size, how annoying is that.[/QUOTE]
5 cent is bigger than 10 cent too.
I hate whoever designed the Euro coin sizes..
[QUOTE=itisjuly;46974839]The 0.50 Euro cent coin is bigger than 1 Euro in size, how annoying is that.[/QUOTE]
the 2p coin is bigger than the pound coin so
[QUOTE=.Lain;46974876]the 2p coin is bigger than the pound coin so[/QUOTE]
and the 5p is the smallest coin
Fucking American coins are all over the place in size.
The reason fr coins to be made different sizes and material (to account for weight) is to help blind people take change out of tier pocket. It;s why all our cons are grouped into very distinct patterns, its almost impossible to pull a 2p coin rather than a 50p coin due to their different shapes.
Changing the pound coin would not really help in this regard and people would have to get used to it.
[QUOTE=cherry gmod;46975028]The reason fr coins to be made different sizes and material (to account for weight) is to help blind people take change out of tier pocket. It;s why all our cons are grouped into very distinct patterns, its almost impossible to pull a 2p coin rather than a 50p coin due to their different shapes.
Changing the pound coin would not really help in this regard and people would have to get used to it.[/QUOTE]
No other coin has 12 sides to it, so it wouldn't be too hard
That coin doesn't have enough polygons. This is 2015, our reality should be next-gen in visuals, already.
[QUOTE=The Duke;46975145]That coin doesn't have enough polygons. This is 2015, our reality should be next-gen in visuals, already.[/QUOTE]
Also, fuck this skeuomorphic design, we need to go flat. Get rid of those details, a nice, smooth cylinder is what we need.
[QUOTE=Darkwater124;46975192]Also, fuck this skeuomorphic design, we need to go flat. Get rid of those details, a nice, smooth cylinder is what we need.[/QUOTE]
Too many round edges, we need it to be a rectangle and adhere to modern square design.
[QUOTE=Tmaxx;46974994]Fucking American coins are all over the place in size.[/QUOTE]
This is why I love the redesigned Singapore coins:
[img]http://www.straitstimes.com/sites/straitstimes.com/files/newcoins2102(3)e.jpg[/img]
Shouldn't a circulating coin be round?
You guys are so fucking lucky. I wish $1 coins were a bigger thing here.
[t]http://upload.wikimedia.org/wikipedia/commons/9/95/2014_Native_American_Coin.png[/t]
This and presidential(and 1st lady!) dollars are so fucking awesome. They make the value of one dollar feel so much more important and powerful.
[QUOTE=JoeSkylynx;46975669]You guys are so fucking lucky. I wish $1 coins were a bigger thing here.
[t]http://upload.wikimedia.org/wikipedia/commons/9/95/2014_Native_American_Coin.png[/t]
This and presidential(and 1st lady!) dollars are so fucking awesome. They make the value of one dollar feel so much more important and powerful.[/QUOTE]
I still don't get why you guys in the US still use $1 notes, they don't last long and just get in the way, coins last longer and take less space. Theres a reason we dropped the £1 note and other countries dropped their #1 notes too for #1 coins. US just comes across as a bit backwards with some things at times.
[QUOTE=Reagy;46975738]I still don't get why you guys in the US still use $1 notes, they don't last long and just get in the way, coins last longer and take less space. Theres a reason we dropped the £1 note and other countries dropped their #1 notes too for #1 coins. US just comes across as a bit backwards with some things at times.[/QUOTE]
At least in personal experience, coins are not part of everyday carrying.
[QUOTE=Reagy;46975738]I still don't get why you guys in the US still use $1 notes, they don't last long and just get in the way, coins last longer and take less space. Theres a reason we dropped the £1 note and other countries dropped their #1 notes too for #1 coins. US just comes across as a bit backwards with some things at times.[/QUOTE]
Coins are heavier though and you need a separate wallet compartment for coins. If all you got are paper bills it's much easier to store
i hate having a ton of pound coins
-snip, completely wrong thread
[QUOTE=itisjuly;46974839]The 0.50 Euro cent coin is bigger than 1 Euro in size, how annoying is that.[/QUOTE]
Australia is all over the shop.
[IMG]http://i.imgur.com/6ImnND9.jpg[/IMG]
Never understood why we had a smaller 2 dollar coin.
So if a new pound coin is introduced isn't that going to break every vending machine ever? Unless it has the same dimensions and weight, in which case, why bother making a new one in the first place
I like my fucking fanta, the treasury better not screw this up
[QUOTE=OutspokenGolf;46976314]So if a new pound coin is introduced isn't that going to break every vending machine ever? Unless it has the same dimensions and weight, in which case, why bother making a new one in the first place
I like my fucking fanta, the treasury better not screw this up[/QUOTE]
Vending Machines, Parking Meters,Ticket Machines, Supermarket trolleys, pretty much anything that relies on identifying a pound coin.
The best dollar is the cheapest dollar.
[img]http://www.ctvnews.ca/polopoly_fs/1.840350.1377007223!/httpImage/image.jpg_gen/derivatives/landscape_620/image.jpg[/img]
It's strange how Canada has less of a problem with fake coins than the UK. I don't think we've even changed the design in 30 years.
Edited: I forgot we started changing the alloy the coins are stamped with about three years ago (and vending machines LOVED that) but still, the coins have not changed since their introduction.
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