Coins

[radioman33]

The new coins are coming into circulation starting with a 50p.The head goes to the Left,having looked the queens goes right on old coins.Next year all the usual coins will be in circulation with Charles on.




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[mr.bluesky]

The new coins are coming into circulation starting with a 50p.The head goes to the Left,having looked the queens goes right on old coins.Next year all the usual coins will be in circulation with Charles on.


 

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There must be millions of coins in circulation with the Queens head on them. ( especially down the back of sofa's  ) does this mean they will gradually be phased out and replaced with the new coins with King Charles head on them  . When do the new notes come into existence 

[standardpostage]

Maybe they should put the kings head, on debit and credit cards ?

Because, they are used, just like physical money ?

[nigel4498]

There must be millions of coins in circulation with the Queens head on them. ( especially down the back of sofa's  ) does this mean they will gradually be phased out and replaced with the new coins with King Charles head on them  . When do the new notes come into existence 

Pre decimalisation (1971) there were still coins in circulation from past monarchs including Queen Victoria up to King George VI.
I still have a bag full of copper farthings, half pennies and pennies, threepenny bits and silver sixpences, shillings, florins and half crowns.
The Queens coinage will be in circulation for a long time yet.

[catweazle]

QEII coins will only be withdrawn if they become damaged. Co-circulation will be with us,wel into William's reign.

[petermisc]

It is QEII notes, not coins, that will be phased out, because notes have a limited lifespan.  As was done for previous monarchs, a deadline will be set, after which QEII notes will cease to be legal tender.  Likely to be quite a long time away, though.

[Gordon Bennett]

The current coins will remain in circulation for years, decades even. There is a massively declining demand for coins, the royal mint have barely released any new coins into general circulation for past 5 years, there's no need to as the amount of coins currently circulating is plenty.
The old "pre Elizabeth II" coins only disappeared due to decimalisation - prior to that we'd have had loads of old coins still floating about with King's head on alongside Liz ones.

[martini2429]

There must be millions of coins in circulation with the Queens head on them. ( especially down the back of sofa's  ) does this mean they will gradually be phased out and replaced with the new coins with King Charles head on them  . When do the new notes come into existence 

New notes won't be in circulation until Mid 2024 according to the BofE

 

[FiveKnuckles]

all looks a little rushed IMHO.  doesn't look 'regal' enough without a crown or thorn of roses.   

[Blackpool Rock]

New notes won't be in circulation until Mid 2024 according to the BofE

 

And given the rate of inflation they may need to add a zero to them 

[puntingking]

It is QEII notes, not coins, that will be phased out, because notes have a limited lifespan.  As was done for previous monarchs, a deadline will be set, after which QEII notes will cease to be legal tender.  Likely to be quite a long time away, though.

I reckon atleast late 2024 before they start phasing the notes out starting with £5 then £10. What you think?

[puntingking]

all looks a little rushed IMHO.  doesn't look 'regal' enough without a crown or thorn of roses.   

I don't think the bank of england will look to rush phasing the old notes out. It must cost money to print money 

[puntingking]

And given the rate of inflation they may need to add a zero to them 

At this rate the way things going they may need to add two zeros to them   

[petermisc]

I reckon atleast late 2024 before they start phasing the notes out starting with £5 then £10. What you think?

I doubt that there will be many of the new CIIIR notes circulating by then, so the demise of the old EIIR ones will be much further off.  They are currently still phasing out the old paper notes, and the new polymer notes are supposed to have a much longer lifespan.

[puntingking]

I doubt that there will be many of the new CIIIR notes circulating by then, so the demise of the old EIIR ones will be much further off.  They are currently still phasing out the old paper notes, and the new polymer notes are supposed to have a much longer lifespan.

So probably 2025/ 2026.

The paper notes have taken a very long time to be phased out.

[ShadowProclamation]

The paper notes have taken a very long time to be phased out.

Today was the last day that paper notes are legal tender.

[Bertiebeenthere]

all looks a little rushed IMHO.  doesn't look 'regal' enough without a crown or thorn of roses.   

Apparently only female monarchs on coins wear a crown.
So said the CEO of the Royal Mint.

[timsussex]

Like most of the old codgers on here I remember Coins in the mid 50s having various heads on them you would even find the odd Victorian penny in your change - less common with silver coins though as the pre 1947 ones actually had 50% silver in them and pre 1920 coins even more

Now we cant even afford copper in our coins try testing some "copper" coins with a magnet

[Blackpool Rock]

Like most of the old codgers on here I remember Coins in the mid 50s having various heads on them you would even find the odd Victorian penny in your change - less common with silver coins though as the pre 1947 ones actually had 50% silver in them and pre 1920 coins even more

Now we cant even afford copper in our coins try testing some "copper" coins with a magnet

I believe a few years ago it was costing more to mint some of the coins than they were actually worth 
Thought it was the 2p piece but not sure whether or not it's more than twice as big / heavy as a 1p 

Wasn't there a thing with old coinage that the value of the coin was represented by the weight so you could take a bag of mixed coins and tell the value by weighing it 

[Marmalade]

Wasn't there a thing with old coinage that the value of the coin was represented by the weight so you could take a bag of mixed coins and tell the value by weighing it 

Simples. Saved prossies having to learn how to count. 

In the old days the coins even reminded you what spare change was for
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Monkeys too External Link/Members Only

Then AW introduced "pay per money"
ok, where's the coat...

[Blackpool Rock]

Simples. Saved prossies having to learn how to count. 

In the old days the coins even reminded you what spare change was for
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Monkeys too External Link/Members Only

Then AW introduced "pay per money"
ok, where's the coat...

Love those old coins, presumably they were referred to as "Punting tokens" 

I'd heard about the monkey study before and thought it was brilliant, just a shame our society is still so hostile to what is a natural action

[starman]

I would put some of the coins away as a souvenir, both Charlie and Liz because if, sorry, when Labour win the next election we will probably find ourselves back in the EU and we'll be forced to adopt the Euro.  Sterling will practically disappear overnight. 

[Blackpool Rock]

I would put some of the coins away as a souvenir, both Charlie and Liz because if, sorry, when Labour win the next election we will probably find ourselves back in the EU and we'll be forced to adopt the Euro.  Sterling will practically disappear overnight. 

Exactly how is this not a political comment 

I could point a couple of things out but it would need to be done on the politics thread 

[daviemac]

I would put some of the coins away as a souvenir, both Charlie and Liz because if, sorry, when Labour win the next election we will probably find ourselves back in the EU and we'll be forced to adopt the Euro.  Sterling will practically disappear overnight. 

A little reminder for the hard of thinking.  from the politics thread. -

Political posts have previously been banned as moderation had become too time consuming. We are now going to allow political posts in this thread only. Members can therefore easily ignore this thread if they want to.

Rule 21 continues to apply and zero tolerance will be given to breaches with instant bans.

21 Gender / Race / Nationality
Banter is allowed, but racist or homophobic posting will result in a ban.

[Marmalade]

Then there's this one...
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Trust America to get things upside down and fake "for novelty purposes only".

Abu Dhabi just dispenses gold from a machine.
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24 carat gold coins or straight gold bars.

An ounce of gold costing $1785 is just enough to get an overnighter with one of their hotties.
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[radioman33]

Lucky him.Seen a few on my beach with metal detectors.

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[McSwell]

Pre decimalisation (1971) there were still coins in circulation from past monarchs including Queen Victoria up to King George VI.
I still have a bag full of copper farthings, half pennies and pennies, threepenny bits and silver sixpences, shillings, florins and half crowns.
The Queens coinage will be in circulation for a long time yet.

I remember my grandmother having them  her favourite little game was to quiz us on which monarch would be on which year's coin.
People had got so used th Elizabeth being queen,  but older generations had lived under 4 or 5 monarchs