alchresearch Posted March 19, 2014 Share Posted March 19, 2014 First, who forges pound coins anyway? If you were going to forge a coin (is it worth it?), surely you'd do the highest denomination one, i.e. £2. And they're not changing those, are they? A £1 coin is very easy to forge. Its an old, simple design. The £2 coin is newer, more complex and comprises of two different parts. It would cost more and take longer to forge, so its more cost effective and profitable to forge £1 coins. Link to comment Share on other sites More sharing options...
BEDROCK Posted March 19, 2014 Share Posted March 19, 2014 http://news.bbcimg.co.uk/media/images/73667000/jpg/_73667988_73667987.jpg The 'threepenny bit' was withdrawn in 1971 http://www.independent.co.uk/incoming/article9200687.ece/ALTERNATES/w460/web-pound-coin-2.jpg http://news.bbcimg.co.uk/media/images/73669000/jpg/_73669828_021583937-1.jpg Link to comment Share on other sites More sharing options...
Super Hans Posted March 19, 2014 Share Posted March 19, 2014 Hate the design, hate the fact it's based on an antiquated currency. Seems odd that they're being so innovative with the new £10 note but so lazy with the new £1 which will probably be around until the death of physical money in a few decades. Link to comment Share on other sites More sharing options...
Clown Shoes Posted March 19, 2014 Share Posted March 19, 2014 A £1 coin is very easy to forge. Its an old, simple design. The £2 coin is newer, more complex and comprises of two different parts. It would cost more and take longer to forge, so its more cost effective and profitable to forge £1 coins. The £1 coin is easy to replicate. They essentially look like chocolate money. The £2 coin has the nickle in the middle which makes it harder to forge. The new coin's shape is the key. New fake coins will peel easier as they have the hexagonal shape. Link to comment Share on other sites More sharing options...
barleycorn Posted March 19, 2014 Share Posted March 19, 2014 I remain unconvinced that a change is necessary. With only 2 million removed from circulation every year I seriously doubt any savings made from preventing forgery will go not offset the cost of change. jb Link to comment Share on other sites More sharing options...
PRESLEY Posted March 19, 2014 Share Posted March 19, 2014 Bring back the 10 bob note and the pound note, back in the day you might have not got a lot in your pocket but these days these daft little coins like the 5p 10p and 20p and £1 coins really drive it home that are skint. Whats that 5p coin all about. ARGGGGGGGGGGGGGGGGH:rant::rant: Link to comment Share on other sites More sharing options...
BEDROCK Posted March 19, 2014 Share Posted March 19, 2014 In pound coins, we should only deal in 1 and 2 pound coins. In pennies, we should only deal in 5, 10, 20, 50 pence pieces. In pound notes, we should only deal in 5, 10, 20, 50 pound notes. 1 and 2 pence pieces should go out of circulation as they have redundant uses. Link to comment Share on other sites More sharing options...
Clown Shoes Posted March 19, 2014 Share Posted March 19, 2014 In pound coins, we should only deal in 1 and 2 pound coins. In pennies, we should only deal in 5, 10, 20, 50 pence pieces. In pound notes, we should only deal in 5, 10, 20, 50 pound notes. 1 and 2 pence pieces should go out of circulation as they have redundant uses. You need the penny cause high streets use the 99p in pricing. Should we have a £100 & £500 note now? They have $1000 notes in the US Link to comment Share on other sites More sharing options...
BEDROCK Posted March 19, 2014 Share Posted March 19, 2014 You need the penny cause high streets use the 99p in pricing. Should we have a £100 & £500 note now? They have $1000 notes in the US Well make things in multiples of 5 then, £1.95 sounds much better with change always being in 5. The .99 pricing has been a well orchestrated con for many years, conning your mind in thinking products are cheaper. Link to comment Share on other sites More sharing options...
Clown Shoes Posted March 19, 2014 Share Posted March 19, 2014 Well make things in multiples of 5 then, £1.95 sounds much better with change always being in 5. The .99 pricing has been a well orchestrated con for many years, conning your mind in thinking products are cheaper. I agree but thats called price fixing. It illegal under competition rules. Link to comment Share on other sites More sharing options...
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