Kitchen Garden Forum

Pound now only worth 3d!


http://www.bbc.co.uk/news/uk-politics-26632863

Be interesting to know just how many dodgy pound coins are in circulation.

Wonder if I will be able to play the game of stacking them on top of each other on edge like I used to do with threepenny bits? Probably won't be able to afford to beat my record, I can't remember whether it was 9 or 11.

About £2,000,000 worth of counterfeit ones are removed from circulation each year.
There are a staggeringly large amount of genuine £ coins out there.

Update.

Royal Mint estimate that 3% in circulation sre fake, that's £45,000,000 fakes.

Jeremy Vine on Radio 2 had a chap on today to explain what a forged £1 coin looks like. I checked and I had three Try to listen to the programme on iplayer.

I have to say I loved threepenny bits. And half a crowns.

Catherine wrote:Jeremy Vine on Radio 2 had a chap on today to explain what a forged £1 coin looks like. I checked and I had three

I must look out for those next time. Presumably all the old ones are taken out of circulation when the new coin comes in? I've never liked the pound coin I should like to see the old £1 note brought back. I try not to get burdened by loose change. When I worked in a shop, I grew tired of customers not giving over the right money out of a purse which was often clearly bulging with change — they would give over a note to break down instead.

My keen-eyed nephew spotted a Kew Gardens 50p in his possession. Worth quite a bit more than its face value now, it would appear.

FelixLeiter wrote:I've never liked the pound coin I should like to see the old £1 note brought back.

Given that one pound has less worth than one shilling (5p) had fifty years ago, that's not practical or economic. I can't imagine a one shilling note back in 1960

Anybody remember the farthing? You could get three white mice (sweets, not real!) for it in the 1950s.

Yes I am old enough to remember the farthing. In fact I think I still may have an old envelope full of them tucked away ceom my childhood when I used to collect them. I loved the little perky wren it depicted.