New British £1 coin
 

The government is going to release a new £1 coin in 2017.

This is to combat counterfeiting, as there are as many as 45 million forgeries in circulation (3% of total currency).

It will be based on the pre-decimal threepenny-bit, a 12 sided coin that went out of use in the early '70's.

The good news for STEED is he can dig out his hoarde of old money, give it a quick spray paint and be rolling in cash!:O:

STEED wants his head embossed on every coin.

I always had my suspicions he was an old queen!

I'm curious, why did the British Government decide to go from making £1 banknotes to minting £1 coins? Is it cheaper to mint then print?

The coins will last longer than the paper money and are harder to counterfeit.

http://static.guim.co.uk/sys-images/...harles-008.jpg

or

http://dogsonthenet.com/NGDogs/Bulldog.jpg
:hmmm:
Which photo would they go with?

Meld them together to get your answer.

Rgr that and the paper money is going to be replaced with plastic notes in 2016

http://www.bbc.co.uk/news/business-25427663

We made that move back in 1988. You lot will be getting colour telly soon.:O:

Only after the gas lamps are replaced with electric one's :)

I found out tonight that we print the polymer money for these countries:
Bangladesh, Brunei, Canada, Chile, Indonesia, Kuwait, Malaysia, Mexico, Nepal, New Zealand, Papua New Guinea, Romania, Western Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand and Vietnam.

I vote we hang on to it all and sell it on at face value!

You missed one out...Monopoly :O:

Hey that's our currency. We have to use summat. :O:

You print the plastic money and we strike their coins.:haha:

The US has been calling Canadian paper money Monolopy money for years. Most places other than tourist traps won't even look at it. I don't blame them. As long as they realise that we (Canadians) can do the same thing.

Teamed up we could rip them off something chronic. Hey Canada. Want your money back? Pay up!:arrgh!: