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<p>[QUOTE="onecenter, post: 1889029, member: 8703"]Very true. Also to consider, the British government has also withdrawn legal tender status to decimal coins that have been reduced in size or eliminated from the coinage system. Examples are the half penny in 1984, the five pence and ten pence reduced in size in 1990 and 1992, respectively and the fifty pence was trimmed down in 1997. The larger versions of the 5-, 10- and 50-pence are no longer legal tender. To pull out all the counterfeits, the government may do the same and withdraw legal tender status of the 1983-2016 coins.</p><p><br /></p><p>I would not be surprised to see that the same action could be taken once a large number of new 12-sided one pound coins are minted and well into circulation. The bimetallic two-pound coin took two years to implement, but the sheer number of one pound coins needed for daily commerce would be extremely large. Back in 1983, when the first nickel-brass one pound coins were issued, just over 443 million of the coins had to be minted. Undoubtedly, a similar number would be required for circulation three years hence.[/QUOTE]</p><p><br /></p>
[QUOTE="onecenter, post: 1889029, member: 8703"]Very true. Also to consider, the British government has also withdrawn legal tender status to decimal coins that have been reduced in size or eliminated from the coinage system. Examples are the half penny in 1984, the five pence and ten pence reduced in size in 1990 and 1992, respectively and the fifty pence was trimmed down in 1997. The larger versions of the 5-, 10- and 50-pence are no longer legal tender. To pull out all the counterfeits, the government may do the same and withdraw legal tender status of the 1983-2016 coins. I would not be surprised to see that the same action could be taken once a large number of new 12-sided one pound coins are minted and well into circulation. The bimetallic two-pound coin took two years to implement, but the sheer number of one pound coins needed for daily commerce would be extremely large. Back in 1983, when the first nickel-brass one pound coins were issued, just over 443 million of the coins had to be minted. Undoubtedly, a similar number would be required for circulation three years hence.[/QUOTE]
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