{"id":32587,"date":"2016-11-01T23:45:43","date_gmt":"2016-11-01T16:45:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-much-will-the-new-1-coin-cost-the-uk\/"},"modified":"2016-11-02T00:15:59","modified_gmt":"2016-11-01T17:15:59","slug":"how-much-will-the-new-1-coin-cost-the-uk","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-much-will-the-new-1-coin-cost-the-uk\/","title":{"rendered":"How much will the new \u00a31 coin cost the UK?"},"content":{"rendered":"


\nBritain\u2019s easily forged pound is getting a high-security update in March, but what does this mean for coin-operated lockers, launderettes and shopping trolleys? We add up the billBritain does need a new pound coin. The chunky faux-gold nugget that we have feels good in the hand, but since its launch in 1983 it has become easy to forge, and now about one in 40 of them is phoney. You\u2019ve almost certainly spent some yourself. Though the bimetallic dodecagon we\u2019re going to get lacks charm, it has micro-lettering, a latent image and a secret security feature, which ought to take care of forgery for good, if the pound\u2019s plummeting value doesn\u2019t get there first. It also looks somewhat like an old threepenny bit and somewhat like a euro, which ought to please both leavers and remainers.For most of us, the changeover next March will be a novelty soon absorbed, but for the vending industry it is big. In case you weren\u2019t aware, there are two broad types of coin-operated machine. Virtually all modern ones use electronic sensors to \u201cvalidate\u201d a coin with as many as a hundred different checks, including speed past the sensor, diameter and metal content. Depending on the machine, some coins may then be passed to a change hopper, which could struggle with the new pound. Otherwise the job is essentially just a software update, installed in person by an engineer. Continue reading…
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\nSource : theguardian.com
\nRead more…How much will the new \u00a31 coin cost the UK?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Britain\u2019s easily forged pound is getting a high-security update in March, but what does this...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-32587","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8tB","jetpack-related-posts":[{"id":68674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-old-pound-coin-must-not-die-unmourned-lets-see-it-off-in-style\/","url_meta":{"origin":32587,"position":0},"title":"The old pound coin must not die unmourned \u2013 let\u2019s see it off in style","date":"October 10, 2017","format":false,"excerpt":"\r On Sunday, the \u2018round pound\u2019 will transform into scrap metal. Will you give your old \u00a31s to charity, or become a fraudulent tooth fairy?At midnight on Sunday, everything changes for ever. The pound coin\u00a0\u2013 the old, round, squat pound coin, as British as a\u00a0blue passport or a\u00a0bag of liver\u00a0\u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/royal-mint-rolls-out-last-of-round-pound-coins-video\/","url_meta":{"origin":32587,"position":1},"title":"Royal Mint rolls out last of round pound coins \u2013 video","date":"December 18, 2015","format":false,"excerpt":"\r Royal Mint coin press setter John Jones discusses the last of the \u2018round pound\u2019 coins being produced in Pontyclun on Wednesday. Jones, who was working in the circulating coin production team at the time of the launch of the \u00a31 coin in 1983, has seen the pound coin throughout\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shops-to-ignore-pound-coin-deadline\/","url_meta":{"origin":32587,"position":2},"title":"Shops to ignore pound coin deadline","date":"October 9, 2017","format":false,"excerpt":"\r Trade association says shortage of new coins means they will continue to accept existing versionThousands of shops are likely to ignore the Royal Mint\u2019s deadline next Sunday to stop accepting the old \u00a31 coins. A trade organisation, which represents 170,000 firms, has advised its members to continue taking the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-quid-on-the-block-round-pound-to-be-replaced-by-12-sided-coin-in-march\/","url_meta":{"origin":32587,"position":3},"title":"New quid on the block: round pound to be replaced by 12-sided coin in March","date":"January 1, 2017","format":false,"excerpt":"\r Treasury warns \u00a31 coins will have to be returned and exchanged by October 2017The new 12-sided \u00a31 coin will enter circulation on 28 March and the old-style coin will be defunct by mid-October, the Treasury has announced.The government is launching a campaign to encourage the public to return the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britons-could-lose-1-1-billion-in-forgotten-spare-change-when-new-pound-coin-enters-circulation\/","url_meta":{"origin":32587,"position":4},"title":"Britons could lose \u00a31.1 billion in forgotten spare change when new pound coin enters circulation","date":"February 27, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Britons could lose \u00a31.1 billion in forgotten spare change when new pound coin enters circulation","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldi-to-accept-old-1-coin-for-two-weeks-after-deadline\/","url_meta":{"origin":32587,"position":5},"title":"Aldi to accept old \u00a31 coin for two weeks after deadline","date":"October 11, 2017","format":false,"excerpt":"\r Supermarket will accept round pound until 31 October, in effort to make transition to new 12-sided coin easier for its customers The discount supermarket chain Aldi is to accept the old \u00a31 coins in its UK stores for two weeks after they cease to be legal tender. The UK\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32587"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=32587"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}