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There are £45m of fake pound coins in circulation currently. The various banks and mint, etc, will be removing them as they come in, taking losses from that. Th
by mabbo 10y ago
There are £45m of fake pound coins in circulation currently. The various banks and mint, etc, will be removing them as they come in, taking losses from that. There's an ongoing cost every day.
If a one-time cost of £100m will remove the fake coins and prevent new fakes, it's well worth the price tag.
- xchaotic 10y agoThe new coin will not get rid of forgeries completely, at least not until the old is removed from circulation. In pure money terms, it's not worth it. But since they're printing money anyway, I guess if it's too costly, they can just print more money to pay for it ;)
- mabbo 10y agoThe old one will be out of circulation in October. Did you read the page?