kjw Posted March 19, 2014 Share Posted March 19, 2014 >>>Today George Osborne, the Chancellor of the Exchequer, revealed that HM Treasury believes there is a strong case for introducing a new £1 coin to help reduce counterfeiting and ensure the integrity of the United Kingdom’s currency. The Royal Mint has developed world-leading anti-counterfeiting technology which will enable Her Majesty’s Treasury to modernise the United Kingdom’s circulating currency with the production of a brand new £1 coin. <<< http://www.royalmint.com/aboutus/news/the-new-1-pound-coin So, all the pay and display meters, vending machines, supermarket trolleys etc will need changing? Quote Link to comment Share on other sites More sharing options...
erat_forte Posted March 19, 2014 Share Posted March 19, 2014 >>>Today George Osborne, the Chancellor of the Exchequer, revealed that HM Treasury believes there is a strong case for introducing a new £1 coin to help reduce counterfeiting and ensure the integrity of the United Kingdom’s currency. The Royal Mint has developed world-leading anti-counterfeiting technology which will enable Her Majesty’s Treasury to modernise the United Kingdom’s circulating currency with the production of a brand new £1 coin. <<< http://www.royalmint.com/aboutus/news/the-new-1-pound-coin So, all the pay and display meters, vending machines, supermarket trolleys etc will need changing? Reminiscent of a theepenny bit! Sounds about right!!! Quote Link to comment Share on other sites More sharing options...
erat_forte Posted March 19, 2014 Share Posted March 19, 2014 A bit more QE and we'll be on target by the 2017 launch! In 2012, the relative value of £0 0s 3d from 1939 ranges from £0.67 to £3.37.A simple Purchasing Power Calculator would say the relative value is £0.68. This answer is obtained by multiplying £0.01 by the percentage increase in the RPI from 1939 to 2012. from http://www.measuringworth.com Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 19, 2014 Share Posted March 19, 2014 http://www.royalmint...ew-1-pound-coin So, all the pay and display meters, vending machines, supermarket trolleys etc will need changing? It all adds to nominal GDP. Quote Link to comment Share on other sites More sharing options...
kjw Posted March 19, 2014 Author Share Posted March 19, 2014 It all adds to nominal GDP. Yes... I wonder which tory donors will benefit from this?... Quote Link to comment Share on other sites More sharing options...
renting til I die Posted March 19, 2014 Share Posted March 19, 2014 Reminiscent of a theepenny bit! Sounds about right!!! +1, I thought the same thing when I read about the three pence design! Quote Link to comment Share on other sites More sharing options...
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