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"Approximately one in thirty £1 coins in circulation is a counterfeit" "16 October 2017 onwards - demonetisation - you are under no obligation to accept th
by panarky 10y ago
"Approximately one in thirty £1 coins in circulation is a counterfeit"
"16 October 2017 onwards - demonetisation - you are under no
obligation to accept the round £1 coin from your customers"
- banku_brougham 10y agoThis is the big deal for users of the current pound coins. Somebody is going to get stuck with a lot of irredeemable £1 counterfeit coins. Musical chairs, in coins.
- Vextasy 10y agoIt is my understanding that the banks will still accept them but as a retailer you no longer have to.
- banku_brougham 10y agoi think the banks will not have to accept counterfeit coins. So 1/30th of the coins in circulation will be urgently shunned by everyone with the capacity to notice them.