So, the Royal Mint are releasing around 300 million 12-sided copies of the new £1 coin which they claim is ‘impossible to fake’…..
That’s some statement and I heard earlier that one in 30 of the current £1 coins are counterfeit! There’s a market full of fake Art let alone currency and I’d always advise if you do invest in original Art on asking for a certificate of provenance / proof that it’s the real deal…..
‘Pick the real one – GO!’
At a time of Fake this, fake that and of course fake news…..
I’ll bet you 100 real ones I’ll sort healthcare out, erm, soon!
Hands up I’ve added a variety of coins from the 1880’s through to 2016 into a few dollarsandart originals overs the years……..
# 6 of The Money Collection (2013) TOP COPPER$
$ Travelling to earn can make you fragile!
$ As straight as a copper, Rod?
$ Over indulged and feeling blue?
British copper pennies from early 1900s, copper rods, fragile tape and Par Avion stickers on acrylic on canvas
Working with coins helped my early Art feel more solid, more real and I guess of some initial value! It gave it a sense of history, especially digging into my Uncle Cyrils’ coins collection, giving me an approving nod from family of yesteryear…..
Sing a song of Sixpence!
Something about that old rusty smell of coins aswell and finding consecutive years from the late 1800’s to present day. So now it’s all change (!) as the old pound becomes the new! I’d always assumed that the coins were real. It hadn’t crossed my mind that coins could even be faked…..
Bank notes of course, those handing over a £50 in the U.K thesedays are made to feel like it’s a fake from the get-go…..
I’ve only a couple of times intentionally used unreal money with a few fake 1776 Silver $ coins in #7 of The Money Collection, The Dollar Shot…..
#7 — DOLLAR $HOT (2013)
$ Real Thrupenny Bit$ From 1937 Onwards
$ Real Half Crown$ From 1966 Onward$
$ Six fake Silver Dollar coins
British half crowns, American silver dollars and thrupenny bits on sand on canvas – this was inspired by the rich mix of ‘fake’ and ‘real’ people I’d the pleasure of meeting in recent years and hindsight is such a wonderful thing, isn’t it?
Anyways, according to The Royal Mint, there are 30 billion coins in circulation across the UK. Of these, 1.6 billion are £1 coins – and millions are fake. To combat this, the round £1 coin is being replaced by Royal Mint with a new version specifically designed to reduce the number of forgeries. From today (March 28), a new pound coin enters circulation.
As featured in the wired article, “In 30 years of minting – and 20 years of mine – there has probably not been any significant change in the way we secure coins. This is a big leap for us,” Gordon Summers, the chief engraver at the Royal Mint. The design on the “tails” side of the coin features the four emblems of the nations of the UK. A rose represents England, a leek represents Wales, the Scottish thistle is included, and a shamrock is shown to represent Northern Ireland. Each of the emblems emerge from a single stem within a crown. This design was based on artwork by 15-year-old David Pearce, who won a competition to design the new £1 coin. Fair play, David!
In total, the Royal Mint is producing 1.5 billion of the new coins and its final specification was decided following a ten-week public consultation. You can read the government’s published consultation response by googling away if that rocks your currency boat!
The combination of the coin’s design and weight add to the difficulty in being able to replicate it, continued Summers. There are two different metallic parts to the coin (the inner and outer) and the Royal Mint explains the 12-sides of the coin make it recognisable even by touch.
Elsewhere, it has an image similar to a hologram that changes from a Sterling symbol to the number one when the coin is seen from different angles, the Royal Mint explains.
THE NEW £1 COIN’S FEATURES
Its distinctive shape makes it instantly recognisable, even by touch.
The new £1 coin’s dimensions are different from the current round £1 coin. It is 2.8mm thick, making it thinner than the 3.15mm round £1 coin. It weighs 8.75g, down from 9.5g, and its diameter measures 23.43mm making it slightly larger than the round £1 coin, the maximum diameter (point to point) is 23.43mm.
The new pound coin is made of two metals. The outer ring is gold coloured (nickel-brass) and the inner ring is silver coloured (nickel-plated alloy).
The new coin features an image like a hologram that changes from a ‘£’ symbol to the number ‘1’ when the coin is seen from different angles.
The new £1 contains tiny lettering on the lower inside rim on both sides of the coin. One pound on the “heads” side, known as the obverse side, and the year of production is engraved on the reverse “tails” side.
The coin has grooves on alternate sides.
Hidden high-security feature
A secret security feature is built into the new pound coin to protect it from counterfeiting in the future so I can’t share that with you in this article!
UK businesses were informed of the need to prepare for the roll-out and many have already upgraded their machines to accept the new £1 coin, however, during the crossover period, the new pound coin may not work in all machines around the UK as it is thinner and larger than the existing version.
The clever folk at MoneySavingExpert.com, say 85 per cent of vending machines in the UK will be able to use the coin; Tesco has also said it will keep trolleys unlocked until they are fitted with new locks.
From October 15, shops will stop accepting the round pound these coins, but you will still be able to take them to your bank. The Royal Mint is encouraging people to use their coins or return them to their bank before October 15 2017 as the world may have ‘changed’ even more by then….
Change is a good thing though, right?
I’ll be holding a few of the old pound coins back and try to work out which ones are real to work into a couple of Dollarsandart originals! It’s all about the new 12 – sided order of things which will work well in an Artwork involving time and money I think!
I’ll leave you with #5 — $NAKE EYE$, PENNY WI$E from 2013
– Double $ix Lucky You!
– $nake Rattle and Roll
– How Many Pennie$ are Enough?
Alarm clock, three UAE dirhams, British copper pennies from early 1900s, silver half crowns from 1940s onwards, dictionary pages and acrylic and sand on canvas
NEXT WEEKS ARTICLE : Adding value with the Art of mindful collaborations
Meantime if you’d like to get amongst it with creative and change workshops or would like to dig deeper with dollarsandart don’t hesitate to drop me a line firstname.lastname@example.org, by pigeon carrier, telegraph, fax, phone, postcard, linked in message, billboard, loudspeaker or through channelling intentions of the highest order on your rich journey of self-actualisation. Feel free to download your catalogue of works worth £40 / $ 50 / AED 184 straight to your desktop.
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