16 Responses

  1. John Walton
    John Walton at |

    Not quite as dramatic — after dual-circ period just take them to any bank or post office to swap. ¯_(ツ)_/¯ https://t.co/cMPAJFsVwU

    1. Anthony Parr
      Anthony Parr at |

      ^^^ This. You just won’t be able to spend them in shops after the withdrawal date.

  2. Trevor
    Trevor at |

    or a museum, can’t hurt…

  3. Charles Kennedy
    Charles Kennedy at |

    I haven’t heard a joke about Brexit yet; I don’t think such a thing is possible

  4. smittytabb
    smittytabb at |

    Oh man. I was just in London a few weeks ago and the news about the coins came out while I was there but not the part about the others no longer being legal tender. I have quite a few still in my possession. And yes, every time you buy something you get one back seemingly one way or another.

  5. Marisa Green
    Marisa Green at |

    Alexandra Green I should have given you my couple of pound coins to spend this week!!

  6. Steve Nichols
    Steve Nichols at |

    Hmm! But you still have Trump!

  7. Edward Pizzarello
    Edward Pizzarello at |

    I’ll probably hold the few I have in my currency collection. Didn’t realize the high number of fakes.

  8. Steve Nichols
    Steve Nichols at |

    Actually, it is a massive problem in the UK and you can pretty much guarantee that in any handful of change you’ll have at least one fake £1 coin. The only time they are a problem is with vending/car park machines. Otherwise, everyone just uses them as legal tender. Surprised Trump hasn’t started referring to them as the scourge of “fake coins”.

    1. Seth Miller
      Seth Miller at |

      I guess I’ve never used the vending or car park machines so I never considered the impact of the volume of fakes. And I really still do not understand who chose to go into business making the fakes and the profit/risk equation there.

  9. Graydon Swedberg
    Graydon Swedberg at |

    I have 5 coins and should be in London in July but if not I’ll drill hole in them and have a very expensive washer for bolt and nut

  10. Nick Piggott
    Nick Piggott at |

    You can fake a £1 coin using lead and gold paint, so they’re incredibly cheap to make. The profit on them is probably 90%. The alloy used in the genuine coins isn’t sufficiently unique and the engraving not sufficiently complex. They’ve been in circulation for 34 years, so not done too badly surviving the counterfiters.

  11. DaninMCI
    DaninMCI at |

    This is a valuable post. I didn’t know this was going to happen so soon.

    I guess it will give me an excuse to plan a UK trip soon so I can cash in my spare UK coins 🙂

  12. NB
    NB at |

    There’s a long history of both coinage and notes being changed fairly regularly over the years. As you mentioned the 50p was shrunk some ten or so years ago, and perhaps it was ten years before that that the 10p was shrunk from the old two shilling coin size (which was how it started after decimilisation, to its current format. And the 5p was shrunk also, from the old one shilling size. If I recall correctly, the old 1d, 3d and 6d ceased to be legal tender, replace by 1p and 2p. The notes also change fairly regularly and quite rapidly. The old £5 notes were replaced just a few months ago to a plastic design and you don’t see the paper ones any more.

  13. Recap: Blatant Sexism In Uber, Amazon Shut Down & More - Doctor Of Credit

    […] Cashing in my soon to be worthless British Pounds by Wandering Aramean. The short redemption window after the new coins goes into place also makes things difficult for those that don’t live in the UK. That being said, most people in those situations won’t have a huge store of £1 coins anyway and they likely make a good memento. […]