New one Pound coin...............

3 posts in this topic

Comes into circulation today.....................

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Unlikely to win any design awards, IMHO, but I can see the need after 30 years.  

I'm surprised that many L1 coins are out of circulation, though, given their purchasing power.  When Canada first introduced the 1 dollar coin, popularly known as the 'loony', for the bird on the back, many guys I knew started 'loony jars' to replace '25 cent piece jars' as a painless way to save 'spare change' for the hobby/beer/dog races or whatever.  However, it quickly bevcame clear that one could easily wind up with a week's wages or more in the jar and it became in fact a measureable drain on one's finances rather than an unnoticeable trickle down. 

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