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12-Edged £1 Coin

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bobbyhelmet's Avatar
United Kingdom
2838 Posts
 Posted 03/18/2014  6:18 pm Show Profile   Bookmark this topic Add bobbyhelmet to your friends list Get a Link to this Message Number of Subscribers
Just been a couple of sentences on the news about it, also found the following published by Bloomburg about 30 minutes ago.

http://www.bloomberg.com/news/2014-...-design.html

Were others aware of this? Its news to me!
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 03/18/2014  6:32 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Cutting edge technology? That's how they get it 12 sided perhaps.

Edited by Tom Goodheart
03/18/2014 6:33 pm
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bobbyhelmet's Avatar
United Kingdom
2838 Posts
 Posted 03/18/2014  6:44 pm  Show Profile   Bookmark this reply Add bobbyhelmet to your friends list Get a Link to this Reply

Quote:
Cutting edge technology?

This made me think too - just how cutting edge can a coin be


Found a picture now, even if it is very small!
12-Edged-£1-Coin
http://www.ft.com/cms/s/0/1c09077a-...feab7de.html
Edited by bobbyhelmet
03/18/2014 6:44 pm
Pillar of the Community
United Kingdom
1323 Posts
 Posted 03/18/2014  6:50 pm  Show Profile   Bookmark this reply Add andyg to your friends list Get a Link to this Reply
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Harrythecollecter's Avatar
United Kingdom
29 Posts
 Posted 03/18/2014  6:53 pm  Show Profile   Bookmark this reply Add Harrythecollecter to your friends list Get a Link to this Reply
hopefully they do change them £1 are starting to feel weird and to small since I got into collecting coins
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nalaberong's Avatar
Canada
2805 Posts
 Posted 03/18/2014  7:15 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Awesome! If it's bimetallic - even better. I love non-round bimetallics
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Moralclimate's Avatar
United Kingdom
188 Posts
 Posted 03/18/2014  7:17 pm  Show Profile   Bookmark this reply Add Moralclimate to your friends list Get a Link to this Reply
Osborne was no doubt aware that the latest Royal Mint survey results were due in barely 2 weeks to show a sharp fall in the incidence of fake £1s as collectors withdraw far more than 2 million from circulation, and with law enforcers very much gaining the upper hand.

And then, he would no longer have this card to play.

So who will be the first to calculate what 3d, from when last legal tender, would be worth in today's money?

@ harrythecollecter, you do realise 3d bits are smaller than a current £1 coin?
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bobbyhelmet's Avatar
United Kingdom
2838 Posts
 Posted 03/18/2014  7:46 pm  Show Profile   Bookmark this reply Add bobbyhelmet to your friends list Get a Link to this Reply
I does look nice, they also need to do something about all the fakes, its getting silly so many are floating about now.


12-Edged-£1-Coin

12-Edged-£1-Coin


Looks like it could be a nightmare for the coin operated machine industry though
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United Kingdom
837 Posts
 Posted 03/18/2014  8:15 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
show a sharp fall in the incidence of fake £1s


, I have seen only around 3 fakes in 7 months or so ...whereas prior to that I was getting almost one a month
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awallin01's Avatar
United Kingdom
477 Posts
 Posted 03/18/2014  8:23 pm  Show Profile   Bookmark this reply Add awallin01 to your friends list Get a Link to this Reply
Bout time they did something to counter all the fake £1 coins, only the other day on here was I talking about the effect all the fakes must have on our economy. It looks nice as-well great design, so this gives us a few years to collect all variations of £1 coins before they cease to circulate :).

Regarding the picture above I'd grade it MS-70 :D.
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Moralclimate's Avatar
United Kingdom
188 Posts
 Posted 03/18/2014  8:26 pm  Show Profile   Bookmark this reply Add Moralclimate to your friends list Get a Link to this Reply
It'll probably be Charles' head by then incidentally, his *second* portrait I believe?

Then, precedent would seem to say he will be inscribed as "CAROLUS III" rather than "CHARLES III". Queen Elizabeth I it seems was inscribed as "ELIZABETH" so the present queen did not anglicise that.
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Coinaholic73's Avatar
United Kingdom
298 Posts
 Posted 03/18/2014  8:38 pm  Show Profile   Bookmark this reply Add Coinaholic73 to your friends list Get a Link to this Reply
More likely Georgivs VII, though I'm betting on Liz being on the obverse of that coin in 2017
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United Kingdom
837 Posts
 Posted 03/18/2014  8:41 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
so this gives us a few years to collect all variations of £1 coins before they cease to circulate :).


Yep, including the fakes that caused this whole situation
I wonder what its metallic composition will be ......I have a sneaky suspicion there will be plated steel in the composition of this new £1
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awallin01's Avatar
United Kingdom
477 Posts
 Posted 03/18/2014  9:02 pm  Show Profile   Bookmark this reply Add awallin01 to your friends list Get a Link to this Reply
I do feel a little sad their won't be a new £1 note instead lol, I wonder what the costs would be between a note and coin-with regards to production. Never the less I love the new look £1 pound, and yeah I guess it's properties will be the same as our £2 coin.
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Moralclimate's Avatar
United Kingdom
188 Posts
 Posted 03/19/2014  10:04 am  Show Profile   Bookmark this reply Add Moralclimate to your friends list Get a Link to this Reply
Well I stand corrected, fake £1s are up again according to the Mint:

"The figure had risen from 2.74pc to 3.04pc in the last survey alone, in November" http://www.telegraph.co.uk/finance/...-1-coin.html

Strange as the previous year's survey actually reported 2.86%.
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sheeptotherescue's Avatar
United States
154 Posts
 Posted 03/19/2014  11:07 am  Show Profile   Bookmark this reply Add sheeptotherescue to your friends list Get a Link to this Reply
I for one am very sad to see the old £1 coin go. It was one of my all time favorites. I loved how small and heavy it was. Perhaps they'll make fewer commemoratives since IMHO that encourages the counterfeiters?
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