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New Coins
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Posted January 17, 2012 at 4:40PM
There was a thread about this in 2010 (now locked) but the new steel coins are apparently being introduced this month. Stand by for snags and pockets full of coins that will not work New Coins
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Posted January 17, 2012 at 4:48PM
We went all through the 'not working' in vending and parking machines, plus other devices a few years back. When that happened, it cost the industry quite a lot of money in scrapping or doing modifications to the machines, which of course, was passed onto the consumer.
Perhaps now time to consider payments by debit or credit card only (with a surcharge perhaps)?.
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Posted January 20, 2012 at 7:27PM
if they already charged us they will over charge us again. especially during the olypics
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Posted January 25, 2012 at 7:57AM
My maths is not that good,but saving the Treasury 7-8 million per year will cost industry and local councils around £80m over two years.So 10yrs before the saving starts to pay for itself?
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Posted January 25, 2012 at 8:51AM
robgf I don't usually get rain in my pockets!
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Posted January 25, 2012 at 9:16AM
wiz-king, I was going to make a remark about wearing drainpipe trousers and pumps but I won't bother ;o}}
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Posted January 25, 2012 at 9:30AM
...the magnetic properties of the new coins (ie attracted to magnets), will facilitate the robbing of 'piggy-banks'...extra vigilence is required!
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Posted January 25, 2012 at 9:43AM
There's a fantastic example of how the Daily Mail likes to twist things in the paper yesterday.
Steel yourselves for the smaller new 5p and 10p that will save Treasury £8million a year rants the headline
Then you read the story - the coins are the same diameter, and the same weight, but 11% THICKER as steel is lighter than the cupro-nickel currently used.
Nowhere in the article does it explain just how this makes the coins smaller...
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Posted January 25, 2012 at 7:10PM
robgf
The criteria followed by the Royal Mint for all new coins are that they must be:-
strong but not brittle
corrosion proof in normal use
incapable of carrying germs
able to be recycled
convenient to carry
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Posted January 25, 2012 at 7:34PM
I wonder why they don't carry the "incapable of carry germs" element on to paper money where it is the more likely to happen?
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