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Royal Mint Official info on new 1 Coin


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#1 stanmarsh14

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Posted 10 February 2017 - 10:35 AM

No escaping it now folks :(

http://www.thenewpoundcoin.com/



#2 mazza500

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Posted 10 February 2017 - 12:26 PM

Seen some arcades with labels saying "We accept the new £1 coin" so arcades are already preparing :D 



#3 vectra666

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Posted 10 February 2017 - 12:57 PM

So it appears to be larger in diameter does this mean the coin hoppers will need changing along with coin mechs?
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#4 richy1976

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Posted 10 February 2017 - 02:08 PM

Apparently it still fits in tubes but will have to wait and see.
It might jam the solenoid.

Edited by richy1976, 10 February 2017 - 02:08 PM.


#5 renoufchr

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Posted 10 February 2017 - 03:51 PM

hoppers all work fine

 

ive tested it on mpu6 scorp4/5/6 and pluto6


Edited by renoufchr, 10 February 2017 - 03:52 PM.


#6 vectra666

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Posted 10 February 2017 - 05:33 PM

Good to know Just the coin mechs then
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Posted 11 February 2017 - 11:37 AM

I cannot read the new one pound coin link mentioned on this post. Can it be put into a text document accessible to speech software? I want to know what shape it is and what has changed like the new fivers.



#8 aaamusements

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Posted 11 February 2017 - 12:07 PM

I cannot read the new one pound coin link mentioned on this post. Can it be put into a text document accessible to speech software? I want to know what shape it is and what has changed like the new fivers.

Secure icon The most secure coin in the world
The new coin has a number of features that make it much more difficult to counterfeit.

12-sided its distinctive shape makes it instantly recognisable, even by touch.

Bimetallic it is made of two metals. The outer ring is gold coloured (nickel-brass) and the inner ring is silver coloured (nickel-plated alloy).

Latent image it has an image like a hologram that changes from a £ symbol to the number '1' when the coin is seen from different angles.

Micro-lettering it has very small lettering on the lower inside rim on both sides of the coin. One pound on the obverse heads side and the year of production on the reverse tails side, for example 2016 or 2017.

Milled edges it has grooves on alternate sides.

Hidden high security feature a high security feature is built into the coin to protect it from counterfeiting in the future.

State-of-the-art
The coins design reflects the United Kingdoms heritage and superb craftsmanship.

Made by The Royal Mint the coin is produced by The Royal Mint using cutting-edge technology developed on its site in South Wales.

Bold new design it also features a new design that shows the English rose, the Welsh leek, the Scottish thistle and the Northern Irish shamrock emerging from one stem within a royal coronet. This was created by David Pearce who won a public design competition at the age of 15.

The fifth coinage portrait the fifth coin portrait of Her Majesty the Queen, designed by Royal Mint coin designer Jody Clark, is featured on the coin.

Smart icon Changing dimensions
The new 12-sided £1 coins dimensions are different from the current round £1 coin.

Thickness: 2.8mm it is thinner than the round £1 coin.

Weight: 8.75g it is lighter than the round £1 coin.

Diameter: 23.43mm it is slightly larger than the round £1 coin, the maximum diameter (point to point) is 23.43mm.

Why replace the £1 coin?

The current £1 coin is being replaced for the first time in over thirty years because of its vulnerability to sophisticated counterfeiters.

Approximately one in thirty £1 coins in circulation is a counterfeit.

That is why we are introducing a new, highly secure coin on 28 March 2017 to reduce the costs of counterfeits to businesses and the taxpayer.

For more information on how to identify counterfeits of the current round £1 coin please click here http://www.royalmint...one-pound-coins


October 2016 to 27 March 2017
Preparing for the new £1 coin

check whether you operate equipment that handles the £1 coin.
contact your equipment supplier to find out if you need adaptations or replacements and by when.
make the changes to your coin handling equipment.
train your staff on the features of the new £1 coin.
consider any changes to your cash handling processes e.g. counting, storing and banking during the co-circulation period.


28 March to 15 October 2017
Co-circulation period

you can accept both coins from your customers.
you should make arrangements with your bank or cash in transit (CIT) provider to return the current £1 coin and new £1 coin in separate packaging.
your equipment may be able to accept or dispense both £1 coins or just one. Please check with your equipment suppliers.
you will need to tell your customers which coins your equipment can accept.

16 October 2017 onwards
Demonetisation

all your coin handling equipment should be able to accept the new £1 coin.
you are under no obligation to accept the round £1 coin from your customers and you should not distribute the round £1 coin.
the round £1 coin can continue to be deposited into a customers account at most high street banks and the Post Office*

*check with your bank for more details, including deposit limits.

#9 I have finished

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Posted 11 February 2017 - 01:01 PM

Thanks Aaamusements. All I wanted to know is the difference in sides. 12-sided is going to be a lot easier for me to identify but the problem will come with lockers and shopping trolleys. Some don't need a pound, but some either use this or a tocan which can be seen as "Counterfit" And with the new pound coin being more secure, I don't think it'll work for shopping trolley tocans or lockers as you will always need one with you.



#10 aaamusements

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Posted 11 February 2017 - 04:22 PM

Thanks Aaamusements. All I wanted to know is the difference in sides. 12-sided is going to be a lot easier for me to identify but the problem will come with lockers and shopping trolleys. Some don't need a pound, but some either use this or a tocan which can be seen as "Counterfit" And with the new pound coin being more secure, I don't think it'll work for shopping trolley tocans or lockers as you will always need one with you.


Could you use the pound coin size key ring tokens instead?

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Posted 11 February 2017 - 04:28 PM

I could if they get adjusted to the new 12-sided shape. Isn't there a new tenna being introduced too? What's that going to be like? This is my folding system for notes: £5, straight. £10, half, £20 half and half again. Rarely I have 50's on me.



#12 aaamusements

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Posted 11 February 2017 - 04:53 PM

I could if they get adjusted to the new 12-sided shape. Isn't there a new tenna being introduced too? What's that going to be like? This is my folding system for notes: £5, straight. £10, half, £20 half and half again. Rarely I have 50's on me.


New 10 pound note is being released this coming summer.

#13 ricardo de ponsa

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Posted 11 February 2017 - 07:30 PM

I could if they get adjusted to the new 12-sided shape. Isn't there a new tenna being introduced too? What's that going to be like? This is my folding system for notes: £5, straight. £10, half, £20 half and half again. Rarely I have 50's on me.

I'm amazed that the Bank of England has not incorporated some kind of Braille on bank notes. Very interested on the method you use to identify them. Currency in this country is not very user friendly for visually impaired people.


For every silver lining, there's a cloud.


#14 gemini17

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Posted 11 February 2017 - 11:23 PM

Secure icon The most secure coin in the world
The new coin has a number of features that make it much more difficult to counterfeit.

12-sided its distinctive shape makes it instantly recognisable, even by touch.

Bimetallic it is made of two metals. The outer ring is gold coloured (nickel-brass) and the inner ring is silver coloured (nickel-plated alloy).

Latent image it has an image like a hologram that changes from a £ symbol to the number '1' when the coin is seen from different angles.

Micro-lettering it has very small lettering on the lower inside rim on both sides of the coin. One pound on the obverse heads side and the year of production on the reverse tails side, for example 2016 or 2017.

Milled edges it has grooves on alternate sides.

Hidden high security feature a high security feature is built into the coin to protect it from counterfeiting in the future.

State-of-the-art
The coins design reflects the United Kingdoms heritage and superb craftsmanship.

Made by The Royal Mint the coin is produced by The Royal Mint using cutting-edge technology developed on its site in South Wales.

Bold new design it also features a new design that shows the English rose, the Welsh leek, the Scottish thistle and the Northern Irish shamrock emerging from one stem within a royal coronet. This was created by David Pearce who won a public design competition at the age of 15.

The fifth coinage portrait the fifth coin portrait of Her Majesty the Queen, designed by Royal Mint coin designer Jody Clark, is featured on the coin.

Smart icon Changing dimensions
The new 12-sided £1 coins dimensions are different from the current round £1 coin.

Thickness: 2.8mm it is thinner than the round £1 coin.

Weight: 8.75g it is lighter than the round £1 coin.

Diameter: 23.43mm it is slightly larger than the round £1 coin, the maximum diameter (point to point) is 23.43mm.

Why replace the £1 coin?

The current £1 coin is being replaced for the first time in over thirty years because of its vulnerability to sophisticated counterfeiters.

Approximately one in thirty £1 coins in circulation is a counterfeit.

That is why we are introducing a new, highly secure coin on 28 March 2017 to reduce the costs of counterfeits to businesses and the taxpayer.

For more information on how to identify counterfeits of the current round £1 coin please click here http://www.royalmint...one-pound-coins


October 2016 to 27 March 2017
Preparing for the new £1 coin

check whether you operate equipment that handles the £1 coin.
contact your equipment supplier to find out if you need adaptations or replacements and by when.
make the changes to your coin handling equipment.
train your staff on the features of the new £1 coin.
consider any changes to your cash handling processes e.g. counting, storing and banking during the co-circulation period.


28 March to 15 October 2017
Co-circulation period

you can accept both coins from your customers.
you should make arrangements with your bank or cash in transit (CIT) provider to return the current £1 coin and new £1 coin in separate packaging.
your equipment may be able to accept or dispense both £1 coins or just one. Please check with your equipment suppliers.
you will need to tell your customers which coins your equipment can accept.

16 October 2017 onwards
Demonetisation

all your coin handling equipment should be able to accept the new £1 coin.
you are under no obligation to accept the round £1 coin from your customers and you should not distribute the round £1 coin.
the round £1 coin can continue to be deposited into a customers account at most high street banks and the Post Office*

*check with your bank for more details, including deposit limits.

Still think it will be copied/cloned in some way.

The vile scum that exist in the world will find a way come what may they design.

 

Jay



#15 stanmarsh14

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Posted 12 February 2017 - 02:54 PM

Cut N Paste from Classic Reels (Mr P's etc).....

Been hearing over at the Mecca, that recalibration have not been working well at all, especially when those god awful Mektek programmers are concerned (The sample £1 coin sets that have been issued, don't appear to be of a tight tolerance either, hence all the problems), and Hazel Electronics, have temp stopped doing em till the official coins get publicly released, due to the rather poor tolerances on the sample set's.

Main issue, has been the new coin and 10p lines sometimes getting confused.

Chris, for info sake (Taken from what SteveH @ MPU Mecca / Swallow Amusements has been saying), most folks are going with Cashflow 126 mech's to replace the MS / ME range of mechs, due to em not needing new chips where possible (Overall lower maintenance costs over time), although you may struggle to do this with some MPU4 based machines (Believe it's a voltage issue..... sure Andrew has mentioned this previously at the Mecca).... MS / ME mech he can do (Think there is one type of high security mech that can not be done, as it generally rejects anything with steel in the coin), but as it stands right now, he can not be 100% confident it will work.

Cost for the work, SteveH is charging £16 + postage on CF126's, which covers BOTH the new £1 and 10p if you want to roughly base your recalibration costs on that.

Myself, I am holding off till the official release, and replacing all my MS / ME mechs where possible..... I do have one machine on a coin controls SR5 (Serial mode), but no spare mech's to swap out, so will have to take that machine out of use to get the mech sorted.



#16 vectra666

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Posted 12 February 2017 - 03:11 PM

I'm amazed that the Bank of England has not incorporated some kind of Braille on bank notes. Very interested on the method you use to identify them. Currency in this country is not very user friendly for visually impaired people.


A very good point rdp, maybe a email to the bank of England?? I find the new fivers pants they're supposed to be better but im finding them getting in a worse state than the old ones, the plastics starting to get white lines due to folding and they don't fold dead flat like the old onex, these concave pounds will eventually fill with dirt n grime
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#17 richy1976

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Posted 12 February 2017 - 03:47 PM

There's a guy on ebay skill4skill I think he's called, he's doing the me mechs £20.
I am still going to wait though.

#18 I have finished

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Posted 13 February 2017 - 09:38 AM

Hi Ricardo and Vectra. My mate has tried to complain to the Royal Mint and Bank of England about Braille, uh uh! Anyways I don't find the fivers a problem as they are not folded hense why I said straight. This makes them easy for me to identify. There are free apps called CamFind and Tap Tap See on the iPhone that uses VoiceOver and built-in siri/speech to tell you what the currency/object is you are scanning, very useful now the apps are free! They used to have a £72 per month subscription for Tap Tap See! Now that's ridiculous! It's just the same as iCloud, you have to pay monthly for storage, and my iTunes voucher's run out over the year as I am on 50GB which is ideal for me. But it's a no-no complaining, but you guys can try if you wish. Just telling you that me and my mate have, sure she was kicking around on here, something like sarahheadinclouds70? We just used the messenger though.



#19 aaamusements

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Posted 23 September 2017 - 04:30 PM

Old one pound coin will cease to be legal tender at midnight on 15th October...
You have been warned!

#20 letmein

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Posted 23 September 2017 - 04:53 PM

Old one pound coin will cease to be legal tender at midnight on 15th October...
You have been warned!

 

 

doesn't worry me, never got that much in my pocket.

 

 

M






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