Tuesday, June 28, 2022

Tag: new pound coin

Coin-fusion for businesses as new pound coins mistakenly returned

Coinslot - Royal Mint pound coin
Businesses around the country appear to be getting themselves into a spot of confusion and have been accidentally returning new pound coins instead of the old at an alarming rate.   With less than two months left on the co-circulation period, the changeover is being hampered by around half of coins being returned belonging to the new mintings. The treasury is calling...

New pound rejected by mechs, claims Ian Eason

Coinslot - Ian Eason Crane mechs
Crane manufacturer and industry veteran, Ian Eason, has sounded a warning that a worrying percentage of the new pound coins are being rejected by updated coin mechanisms.   Ian Eason, the managing director of crane machine manufacturer, Instance Automatics, has spoken out publicly on what he says could be a disastrous launch of the new £1 for the coin-op industry. In an...

New quid on the block set to hit UK streets

Coinslot - New pound coin UK
The UK will finally see the introduction of the new 12-sided pound coin next week, and although the transition for operators is proving costly, improved security can only be a good thing going forward.   The new 12-sided - or to those that way inclined, dodecagonic - pound coin is coming into circulation on 28 March, with operators bracing for the...

The new £1 in 2017

Coinslot, Royal Mint, new pound coin, currency,
The Royal Mint has launched a new website for the New Pound Coin, featuring a list of important dates regarding the circulation of the new currency. Once the coin is released to the general public in March 2017, there will be a short period of co-circulation where businesses are allowed accept both the old and the new £1 coins in...