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Author Topic: £1 coins - How many have thought of this?  (Read 2675 times)

TailUK

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£1 coins - How many have thought of this?
« on: October 11, 2017, 02:16:41 pm »
A chap at work brought his niece's money box (terracotta) in hoping we could get the money out without breaking it.  We did actually get into it and kept it intact and recovered £147 in old pound coins. 
Don't forget those money boxes! Your grandkids or nephews and nieces may have loads of coins that could become worthless after the 15th.  Wouldn't hurt to check.
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gingyer

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Re: How many have thought of this?
« Reply #1 on: October 11, 2017, 02:33:24 pm »
They won’t become worthless
The Bank of England is duty bound to take them forever
And swap them out.

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TailUK

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Re: How many have thought of this?
« Reply #2 on: October 11, 2017, 03:19:20 pm »
As far as I can tell some banks will continue to accept them but are under no obligation. Easier to try and exchange them before Sunday.
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C-3PO

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Re: How many have thought of this?
« Reply #3 on: October 11, 2017, 03:28:23 pm »
Spoke to staff just last week at High Street Barclays Bank - "we will take them indefinitely" was the response

C-3PO
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TailUK

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Re: How many have thought of this?
« Reply #4 on: October 11, 2017, 03:38:54 pm »
Then what's the point of everyone saying get rid of them by the 15th?  Everywhere I shop there are notices saying change your pound coins. If banks are going to accept them indefinitely why make a fuss about turning them in by a certain date.
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DavieTait

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Re: How many have thought of this?
« Reply #5 on: October 11, 2017, 03:50:09 pm »
its to try and get 99% of them out of circulation in the fastest time possible I'd guess
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Davie Tait,
Scotland

T33cno

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Re: How many have thought of this?
« Reply #6 on: October 11, 2017, 03:53:59 pm »
Its just that they are not accepted in shops from then nothing more
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Netleyned

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Re: How many have thought of this?
« Reply #7 on: October 11, 2017, 03:54:43 pm »
If you have any left
Stick em in the nearest Lifeboat Box.


 :-)) :-)) :-)) :-)) :-)) :-)) :-))


Ned
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T33cno

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Re: How many have thought of this?
« Reply #8 on: October 11, 2017, 03:59:26 pm »
Quote from: Netleyned on October 11, 2017, 03:54:43 pm
If you have any left
Stick em in the nearest Lifeboat Box.


 :-)) :-)) :-)) :-)) :-)) :-)) :-))


Ned
Nice idea or air ambulance  :-))
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TailUK

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Re: How many have thought of this?
« Reply #9 on: October 11, 2017, 04:02:01 pm »
I can live with that!
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Netleyned

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Re: How many have thought of this?
« Reply #10 on: October 11, 2017, 04:11:44 pm »
Something most RN ships did on returning from deployment.
All the old shrapnel/shekels went to banks to give to all sorts
of charities.
Most ships also funded a Guide Dog each commission.


Ned
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BFSMP

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Re: How many have thought of this?
« Reply #11 on: October 11, 2017, 04:35:11 pm »

Quote from: T33cno on October 11, 2017, 03:53:59 pm
Its just that they are not accepted in shops from then nothing more


ahh, beg to differ.............


such stores as Poundland, Home Bargains and a couple of other large cheap stores are going to accept them as "legal" tender for a period of time so that those on low income and use the stores named, will be able to spend them until they become "extinct"...........the coin that is, not the store, lol.


Jim.
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T33cno

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Re: How many have thought of this?
« Reply #12 on: October 11, 2017, 04:36:19 pm »
Yes that’s their prerogative  :-))
How good it Poundland  {-)  how apt
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Netleyned

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Re: How many have thought of this?
« Reply #13 on: October 11, 2017, 04:39:13 pm »
Fleetwood
Lifeboat better than poundpoo
Ned
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T33cno

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Re: How many have thought of this?
« Reply #14 on: October 11, 2017, 04:40:05 pm »
 {-)
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BFSMP

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Re: How many have thought of this?
« Reply #15 on: October 11, 2017, 04:59:27 pm »

Quote from: Netleyned on October 11, 2017, 04:39:13 pm
Fleetwood
Lifeboat better than poundpoo
Ned


ahhh, home bargains and poundland do a very good line in cheap bog paper..........don't be misguided on their quality.and every penny counts when you on a tight pension, lol.


Jim.
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T33cno

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Re: How many have thought of this?
« Reply #16 on: October 11, 2017, 05:00:45 pm »
Quote from: BFSMP on October 11, 2017, 04:59:27 pm

ahhh, home bargains and poundland do a very good line in cheap bog paper..........don't be misguided on their quality.and every penny counts when you on a tight pension, lol.


Jim.


But have noted how many sheets per roll? Not always a bargain  {-)
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BFSMP

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Re: How many have thought of this?
« Reply #17 on: October 11, 2017, 05:06:02 pm »
enough for me to write my shopping lists on,  {-) {-) {-)
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roycv

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Re: How many have thought of this?
« Reply #18 on: October 11, 2017, 06:15:19 pm »
Hi all, maybe it is because as much as 40% of them are forgeries, the new ones are more difficult to duplicate.
regards Roy
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Colin Bishop

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Re: How many have thought of this?
« Reply #19 on: October 11, 2017, 06:22:27 pm »
I thought it was 1 in 10 that are forgeries. 40% seems way over the top.

Colin
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BFSMP

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Re: How many have thought of this?
« Reply #20 on: October 11, 2017, 06:50:22 pm »

Quote from: roycv on October 11, 2017, 06:15:19 pm
Hi all, maybe it is because as much as 40% of them are forgeries, the new ones are more difficult to duplicate.
regards Roy


but who wants to forge toilet paper {:-{ %% %% %%


jim.
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unbuiltnautilus

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Re: How many have thought of this?
« Reply #21 on: October 11, 2017, 07:00:10 pm »
Quote from: BFSMP on October 11, 2017, 06:50:22 pm

but who wants to forge toilet paper {:-{ %% %% %%


jim.


True, it would be quicker to run a copy of the Daily Mail/Guardian ( delete where applicable! ) through a sewing machine, creating those little perforations, just right for tearing off to .....anyway, I have heard that banks may eventually only take them back in £20 bags of old coins.
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ballastanksian

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Re: £1 coins - How many have thought of this?
« Reply #22 on: October 11, 2017, 09:42:08 pm »
Good idea, cut those newspapers up and thread them on string for the out house! I think Pound coins became so easy to forge that it became a dark industry. One thing against the new coin as regards forgery is that it doesn't have the indented script and milling around the edge, though this did not deter forging of the old pound coins!
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roycv

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Re: £1 coins - How many have thought of this?
« Reply #23 on: October 11, 2017, 11:24:25 pm »
Hi Colin, I think it has gone over 10 % years ago. I heard that figure as 'up to 40 %' on the radio a while back, can't authenticate it a :D part from that though.

I think it is the economic implication that the B of E need to have control of the coins in circulation.  I have often had a pound coin that looked less than right.
regards, Roy
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BrianB6

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Re: £1 coins - How many have thought of this?
« Reply #24 on: October 12, 2017, 07:26:43 am »
There was an article on BBC News that bank notes have a design on them to prevent photocopying and that a message should come up that 'you cannot copy banknotes'.  {-)
Tried it with a $20 note and it printed quite well! Tore it up straight away.  :police:
Mind you, our notes have so many features embedded that a forgery would be pretty difficult.
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