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(Hurriyet Daily News)   Britain hopes its new 12-sided, £1 coin will "deter counterfeiters." Because counterfeiters usually spend their time trying to perfectly replicate the lowest-value form of a given currency then churning it out in quantities that would fill a rail car   ( divider line
    More: Asinine, Britain, Britain hopes, enhancers, UK Treasury, coins  
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1553 clicks; posted to Business » on 19 Mar 2014 at 11:23 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2014-03-19 01:55:47 PM  
3 votes: Full Size

Cool british coins are cool
2014-03-19 12:27:00 PM  
3 votes:
So 45m in fake pound coins. Just say "they're legal now" and mark down 45 million in production savings at the mint.
2014-03-19 05:08:14 PM  
1 vote:

spawn73: In other news, England used to have a threepenny bit, that was 1/80 of a pound. Because, why not go full retard.

That's rich, coming from (probably) a resident of a country that still uses 12 inches to a foot, 3 feet to a yard, 5 and one half yards to a rod, four rods to a chain, ten chains to a furlong, and eight furlongs to a mile.  A "pound" consisting of 240 silver "pennies" was a unit of account going all the way back to Anglo Saxon England.  Back before arabic numerals, there was no incentive to divide things into fractions that can be expressed as nice terminating decimals.  But 240 is a convenient number for dividing something up--it can be broken into tenths, quarters, sixths, etc.  One of the more popular divisions of the pound was a shilling, consisting of 12 pence.  A threepenny bit would have been a quarter of that.  Back when a pound sterling really was a pound sterling, a shilling would have been worth about 15 bucks in today's American money, so I can see why you would want to divide it up.
2014-03-19 03:04:10 PM  
1 vote:

swaxhog: So they looked at the 11-sided Canadian coin and said fark it we're going to 12 sides.

And even number of sides is a bad idea.  With an odd number, you can curve the sides slightly and make a "constant width" shape, like some of the UK's current coins, that works as well as a round coin in machines that sort coins by size.  If you have an even number of sides, though, the width "across flats" has to be different that the width "across corners".
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