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The Royal Mint To Manufacture Modern New £1 Coin

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>>>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?

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>>>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!!!

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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

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