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<p>[QUOTE=&quot;gxseries, post: 2874537, member: 4373&quot;]From my understanding, the threat of counterfeit old 1 pound coin is too great to allow them to continue circulating. When you hear figures such as &quot;estimated 1 in 30 coins are fakes&quot; - that&#039;s not good news. I personally would vote for no. Small shops run on small profit margins so imagine if they had 1000 pounds in 1 pound coin. That&#039;s 33 pounds write off just from counterfeits alone, assuming the statistics is about right. </p><p><br /></p><p>This is not the first time a high denomination coin got demonetized due to counterfeits. The most recent one that I can think of is Malaysia 1 ringgit, demonetized back in 2005 and was replaced by a banknote.[/QUOTE]</p><p><br /></p>

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