> So maybe the fiver is next.
Something like that is already being discussed on the continent.
The memorial 5€ coin recently (which is legal tender) wasn’t just that, but it was also a test if a 5€ coin would be accepted, and doable.
Re:The new £1 Coin
by RugnirViking on Monday March 27, 2017 @09:57AM
(#13967726)
We do also have memorial £5 coins here in the UK although I don't know if they are a test for anything, as there have been quite a few over the years. A common gift for people as they are quite large with nice designs on
https://en.wikipedia.org/wiki/Five_pounds_(British_coin)
There's been a British £5 coin since 1990 along the same lines (commemorative, but technically legal tender).
Re:The new £1 Coin
by ThePadawan on Tuesday March 28, 2017 @06:50AM
(#13975509)
Switzerland has been using the 5CHF coin for a long while now, and as an end user, my only issue with it is its size and weight, originating from the fact that the coins ranging from .50 to 5CHF are defined to linearly scale in weight.
"Part of the reason for this change was that notes, on average, lasted only nine months in general circulation, while coins could last forty years or more. The government also believed that the growing vending industry would benefit from the introduction of a one pound coin."
Maybe the economics have changed with polymer notes. But the BoE inflation calculator tells me that the £1 notes withdrawn (in 1984 money) would be worth about £3 today. So maybe the fiver is next.
Then there's the lunatics that want to abolish physical money altogether...