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Post by naughtyfox on Mar 27, 2017 7:34:46 GMT
"Much talk recently of the age of the Queen and her ultimate death. Will all this new coinage still be legal upon her demise and afterward.. or do we all have to foot the bill for a reprint.. (which could have been avoided by waiting a few years).?" "The DM is getting as bad as the Express for tales of doom. A giant meteor is going to hit anybody handling the new £ coin, it will then be followed by a force 19 wind and an earthquake that will sink Europe into the sea. It's all Donald Trumps fault for talking to Putin and the BBC are still trying to work out how to blame it all on Brexit. Seriously DM, you used to be a bit better than this sort of scaremongering." "wonder if you can turn down someone trying to give you a handful of old pound coins as change on the day before they are withdrawn" "Does the law of tort apply? Offer the new coin to pay, and the coin, which is legal tender, is declined by a machine. Offer to pay made, acceptance declined by (owner of) machine. Car parks will need to be staffed, with staff having piles of "old" pound coins until machines are modified to take the new coin." "With all the financial problems and cut backs in this country, whose idea was it to spend 1.5 billion pounds on new coins? Someone is getting rich out of this." "The euro is a flash in the pan. And if the pound goes down, I'm quite happy to go back to GROATS! That's with an "r" for some of our more enthusiastic goat-loving friends!"
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Post by patty on Mar 27, 2017 8:19:23 GMT
This law of tort..if u offer to pay in a car park by card and the card bit not working can u then not bother..if say you don't have coins..can u put notice in your window and get away with not paying?
And if Liz Battenburg RIP probably still legal tender cos on out notes there are pics of snuffed it characters
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Post by Gone on Mar 27, 2017 8:28:03 GMT
If you are old enough to remember old money, then there were coins in circulation with (from memory) 3 different monarchs heads. Of course since we went decimal there has only been the one Queen, so you youngsters will have only seen her head on coins........
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Post by peterboat on Mar 27, 2017 8:31:38 GMT
Had to happen that many forged 1 pound coins in circulation. Jayne the other half as a bank manager sees them all the time
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Post by Mr Stabby on Mar 27, 2017 10:24:07 GMT
Why would there have to be a re-print when the queen dies? Pre-decimalisation it was common to receive pennies with Queen Victoria on them.
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Post by tonyqj on Mar 27, 2017 11:39:54 GMT
"wonder if you can turn down someone trying to give you a handful of old pound coins as change on the day before they are withdrawn"
You can turn down any payment, it's your loss.
Even after they're withdrawn they retain the same value and the Bank Of England will accept them. Just like paper fivers after May.
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Post by Stumpy on Mar 27, 2017 11:55:48 GMT
"wonder if you can turn down someone trying to give you a handful of old pound coins as change on the day before they are withdrawn" You can turn down any payment, it's your loss. Even after they're withdrawn they retain the same value and the Bank Of England will accept them. Just like paper fivers after May. I believe that the BoE has put a date on £1 coins being legal tender (15th October 2017), due to the amount of forgeries in circulation. Just had a quick grope of Mrs Google, and this was the first item I read from The Metro: How long are my old pound coins legal tender for? Don’t worry, your old pound coins don’t magically stop being money at the stroke of midnight tonight. There is a period of just over six months when the old round pound will still be accepted as legal tender alongside the new coin. What should I do with my old pound coins? People are being encouraged to return their coins before October 15. They can bank them or spend them. Experts predict that there is something in the region of £433million in pound coins stashed away in piggy banks, down the back of sofas, in the ashtray of your car, or in the pocket of that pair of jeans you never wear. Some of the new £1 coins will be made from melted-down round pounds.
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Post by kris on Mar 27, 2017 12:07:03 GMT
How long before there are counterfeits of the new coin? Apparently there are already fake polymer fivers in circulation.
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Post by Delta9 on Mar 27, 2017 12:25:02 GMT
"wonder if you can turn down someone trying to give you a handful of old pound coins as change on the day before they are withdrawn" You can turn down any payment, it's your loss. Even after they're withdrawn they retain the same value and the Bank Of England will accept them. Just like paper fivers after May. I believe that the BoE has put a date on £1 coins being legal tender (15th October 2017), due to the amount of forgeries in circulation. Just had a quick grope of Mrs Google, and this was the first item I read from The Metro: How long are my old pound coins legal tender for? Don’t worry, your old pound coins don’t magically stop being money at the stroke of midnight tonight. There is a period of just over six months when the old round pound will still be accepted as legal tender alongside the new coin. And you will still be able to exchange them at the bank long after they stop being legal tender.
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Post by phil70 on Mar 27, 2017 12:53:31 GMT
Had to happen that many forged 1 pound coins in circulation. Jayne the other half as a bank manager sees them all the time One of the mad things I've done in my life was to buy a milk round. It was common for people to leave out their milk money in "the safe place" I would pick up the money in the dark quite often and would know immediately if the coins included a wrong'un. The same applied to notes. I guess handling the cash all the time allowed me to develop a sixth sense. Phil
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Post by bodger on Mar 27, 2017 13:18:06 GMT
Had to happen that many forged 1 pound coins in circulation. Jayne the other half as a bank manager sees them all the time One of the mad things I've done in my life was to buy a milk round. It was common for people to leave out their milk money in "the safe place" I would pick up the money in the dark quite often and would know immediately if the coins included a wrong'un. The same applied to notes. I guess handling the cash all the time allowed me to develop a sixth sense. Phil the real question is - could you do that whilst also scratching your bum?
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Post by naughtyfox on Mar 27, 2017 14:11:58 GMT
"wonder if you can turn down someone trying to give you a handful of old pound coins as change on the day before they are withdrawn" You can turn down any payment, it's your loss. Even after they're withdrawn they retain the same value and the Bank Of England will accept them. Just like paper fivers after May. Experts predict that there is something in the region of £433million in pound coins stashed away in piggy banks, down the back of sofas, in the ashtray of your car, or in the pocket of that pair of jeans you never wear. So much for giving to charities, eh? "Every time I clap my hands a child in Africa dies" - Bono
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Post by naughtyfox on Mar 27, 2017 14:14:09 GMT
One of the mad things I've done in my life was to buy a milk round. It was common for people to leave out their milk money in "the safe place" I would pick up the money in the dark quite often and would know immediately if the coins included a wrong'un. The same applied to notes. I guess handling the cash all the time allowed me to develop a sixth sense. Phil the real question is - could you do that whilst also scratching your bum? www.dailymail.co.uk/news/article-3787143/Badgers-wreaking-havoc-medieval-churchyard.html
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Post by thebfg on Mar 27, 2017 14:57:47 GMT
I believe that the BoE has put a date on £1 coins being legal tender (15th October 2017), due to the amount of forgeries in circulation. Just had a quick grope of Mrs Google, and this was the first item I read from The Metro: How long are my old pound coins legal tender for? Don’t worry, your old pound coins don’t magically stop being money at the stroke of midnight tonight. There is a period of just over six months when the old round pound will still be accepted as legal tender alongside the new coin. And you will still be able to exchange them at the bank long after they stop being legal tender. Yep as always they will always accept any old money.
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Post by thebfg on Mar 27, 2017 14:59:15 GMT
Had to happen that many forged 1 pound coins in circulation. Jayne the other half as a bank manager sees them all the time They estimate 45 to 50 million fakes are in circulation.
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