News for hackers. Stuff that matters.
Re:The new £1 Coin by gkya on Monday March 27, 2017 @10:02AM (#13967753)
How much would it cost, though? I mean if a pound coin costs more than a pound, that's not good (that's possible even with the dumb coins, I recently heard that the turkish one kurus costs two and a half turkish kurus).

(edit: when I say "cost" I mean the production cost)

Re:The new £1 Coin by ardaozkal on Tuesday March 28, 2017 @02:49PM (#13979462)
The 1 kurus was stopped being manufactured (still have one though: https://s.ave.zone/969.JPG )

Well, a pound coin is used more than once, and there is tax applied on every time it is used, so it'll pay off for itself in a relatively short timespan, imo. Plus, it pretty much beats counterfeits, so loss from that is gone too.

Problem with 1 kurus was that it wasn't used often, the monetary value was small and that it had no anti-counterfeit stuff. Also, people were melting it and selling it. You can't really sell a broken or write-protected rfid chip for much.

Re:The new £1 Coin by cat199 on Monday March 27, 2017 @12:04PM (#13968857)
Not necessarily -

Since most money is held in banks, electronic transactions, etc - the question is more the 'value of supporting this denomination in currency to the economy' than the cost of a coin.. Like of $100M USD worth of tax/federal reserve interest revenue is generated from $10M of $100 bills that cost $15M to produce, it's not really a loss, but a business expense...

Re:The new £1 Coin by Roedou on Monday March 27, 2017 @01:16PM (#13969654)
It seems that cost-to-produce vs. face-value isn't a terribly important ratio. The US has continued making pennies for a lot longer than necessary, though it seems to cost ~1.5c to make them.