A New £1 Coin enters circulation tomorrow.

 

http://www.itv.com/news/2017-03-27/new-pound-coin-what-you-need-to-know-as-royal-mint-releases-12-sided-1-to-combat-counterfeiting/

• What is happening to the old coin?

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.

People are being encouraged to return their coins before October 15 with the option to bank them or spend them.

 

 

Is it worth more baht than the old one. 

8 minutes ago, Kwasaki said:

Is it worth more baht than the old one. 

iN A WORD, NO !! 

the U.S. did not have much luck with the Susan B Anthony $ outside of being collectibles. 

Reminds me of the old Threepenny coin.

 

The big enchilada stolen from Germany worth 4 million. 

On ‎28‎/‎03‎/‎2017 at 6:43 AM, chickenslegs said:

Reminds me of the old Threepenny coin.

 

Worth  about the  same!!

the U.S. did not have much luck with the Susan B Anthony $ outside of being collectibles. 

On 3/28/2017 at 11:10 AM, Kwasaki said:

Is it worth more baht than the old one. 

More likely that it will soon be worth little more than 1 of these:

 

6 minutes ago, OJAS said:

More likely that it will soon be worth little more than 1 of these:

 

April fools day was yesterday.  

 

1 minute ago, Kwasaki said:

April fools day was yesterday.  

 

But, like they say, many a true word is spoken in jest (even on 2nd April)!

Just now, OJAS said:

But, like they say, many a true word is spoken in jest (even on 2nd April)!

Yeah OK but seriously and l'm not financial expert and could never believe what you wrote in jest could happen.

7 minutes ago, Kwasaki said:

Yeah OK but seriously and l'm not financial expert and could never believe what you wrote in jest could happen.

I am no financial expert either, but I'm sure that the present rate of around 43 sounded equally fanciful when the rate stood in the 90's way back when. Even so, my fingers are firmly crossed that you will prove correct in your belief.

3 hours ago, OJAS said:

I am no financial expert either, but I'm sure that the present rate of around 43 sounded equally fanciful when the rate stood in the 90's way back when. Even so, my fingers are firmly crossed that you will prove correct in your belief.

A number of refs to 90+ 20 years ago in this archived thread dating back to 2010:-

 

But, equally interesting, are the 2 refs to 28-33 during the mid-80's!

 

Back on topic, whether the new GBP coin will last anywhere near as long as its predecessor (30+ years) seems unlikely to me since electronic methods of payment will surely catch on more and more in the meantime (as has already largely happened in the case of public transport in London, for example, which can now, in the main, only be paid for with Oystercards and, through Contactless, debit and credit cards as well), thus making the hard cash currently carried around in wallets, pockets, etc obsolete.

 

I wonder what it's actually worth, ie what the metal in it would cost ?

 

Is it like the plastic five-pound-note, its value totally dependent on people believing that it's worth a fiver ?

 

And six-months sounds like a very short time, before all the old £1-coins become no-longer-accepted !

14 hours ago, Ricardo said:

And six-months sounds like a very short time, before all the old £1-coins become no-longer-accepted !

Indeed, this is, of course, a particular issue for us expats since we might well find that whatever hard currency we had brought back with us from our last trip back to the UK was no longer legal tender by the time of our next trip. And, in the particular cases of the old £1 coins and £5 notes, I would have thought it unlikely that it would be possible to change them into THB here before the respective cut-off dates in view of their low monetary value.  

Indeed, this is, of course, a particular issue for us expats since we might well find that whatever hard currency we had brought back with us from our last trip back to the UK was no longer legal tender by the time of our next trip. And, in the particular cases of the old £1 coins and £5 notes, I would have thought it unlikely that it would be possible to change them into THB here before the respective cut-off dates in view of their low monetary value.  

I always thought you couldn't change coins into local foreign currency. Never really considered bringing a pocket full of £1 coins with me when returning to Thailand.

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Just now, roo860 said:

 

 

I always thought you couldn't change coins into local foreign currency. Never really considered bringing a pocket full of £1 coins with me when returning to Thailand.

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Yep, true. But I did nearly get caught out at the end of my last UK trip with 3 old £5 notes before discovering at the last minute that they were going to be replaced before my next trip and donating them to my sister as a result. Not that £15 was worth a fortune then - and it is, of course, worth even less now!