There was a story on the BBC about pound coins, specificially, fake ones. According to some sources which cannot be mentioned – there is now 30 million fake £1 coins in Britain. Basically, one in every 50 is fake.
There are calls to take them in, redesign them, and redistribute them, like they did with the South African 5 Rand coin. However, can I make a suggestion as a bloke?
Can we switch back to a £1 note please?
I fucking hate coins. I usually have a lot of change on me. The pound coins are the worst, as my little pouch in my wallet for coins is hardly sufficient. Usually I stuff it in, but my wallet looks huge. I also hate putting them in my pocket, particularly the back one, as if I sit down then it’d hurt my bottom. America – and their note based monetary system – has the right idea, wallet’s are designed to hold more notes than coins, why should our monetary system go the other way?
Furthermore, it’d completely stop me putting money in slot machines too.
The other thing is that it seems a lot harder to counterfeit notes than coins, I wonder how many counterfeit fivers there are there. Probably not 30 million.
What do you think? Do you think a popular denomination such as a pound should be in note, or coin form?