£5 notes or £5 coins

What do you think the Royal Mint should do?

Keep the current £5 Note
17
71%
Introduce a new smaller £5 coin
7
29%
 
Total votes: 24
Johnny
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About a year & a hlf to 2 years ago The new £5 note was introduced into circulation. They promised that it would last longer than the then current £5 notes.

However as I am sure many of you may have noticed they look just as bad or worse than the old style ones.

I personally think it is high time that they introduced a £5 coin, obviously smaller that the commemorative ones we have but surely these would last longer than the current £5 notes.

I'm just wondering what you think of this subject
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
Johnny
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Joined: Fri 22 Aug, 2003 20.18
Location: The London Borough of East London

nodnirG kraM wrote:Thing is about the new circulation of £5, 10 & 20 notes is that they are very hard to forge in a realistic way. The hologram, woven foil and raised printing are very hard to copy; as is the general good quality cotton paper.
The bloke who handed me a dodgy £20 yesterday for a copy of The Star wasn't at all happy that I wrote "Forgery - do not accept" all over it before I'd give it back to him. Them's the breaks, kid!

So long as a new coin would be hard to fake I think this idea has a lot of merit; I couldn't see the value of a two pound coin at first but now, at least with the shrinking value of the pound, it's a very useful pint-of-milk-loaf-of-bread-and-a-paper coin.
Yes that I the current problem with the £1 coin. There are many fake ones out there, I have 7 myself some are good forgeries some bad all from British Rail, the b*stards.

Must be virtually impossible to fake the £2 coin unless of course you worked for the Royal mint, knew how they were made, got the sack & then decided to make them out of revenge but even then I think you would have trouble making them look at the trouble there was with the first lot in 1997!

The problem with the £2 coin is that there are still people who don't like accepting them & machines that refuse them. Come on 1997 was 8 years ago now!
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
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Gavin Scott
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I took one of those bags you store loose change in to the 'coinstar' machine at Sainsburys this morning. Oh it is fun as it rattles away. I had accumulated £18 odd of coppers so used the voucher it printed to redeem for my shopping.

In change I received two scabby fake £1 coins. They are so badly dented and scratched I'm quite sure the chimp at the till did it deliberately because I paid with a voucher.

I'll bet there are tens of thousands of those coins floating about. The £2 coin being bi-metal is obviously much more difficult to replicate, but they ruin my pockets and spoil the line of my muscular legs when I have my good jeans on. Seriously.

The £5 coins would have to be similar so that would be worse.

Why dont they use the virtually indestructable Tyvek instead of paper for banknotes?
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jay
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Location: Amersham, Buckinghamshire

The only concern with this would be that it's alot easier to lose a coin than a note... £5 is quite alot to lose in one go!
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tvmercia
Posts: 601
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Location: Low Birk Hatt

i cant imagine why people would rather a coin instead of a note :? i have and ashtray full of silver and £s in the car which i just cant be bothered to put into my pockets. i'd swap them for a £5 note any-day. paper money sits rather nicely in those debit card holders.

when i worked in retail £5 were like gold dust. customers were far from happy when they were given 7x£1 coins in change. and as stated before, the notes are harder to forge. it was far easier to point out the flaws in a dodgy fiver, where as people will swear blind that a dodgy coin is just "a bit scratched"
Brad
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Joined: Tue 19 Aug, 2003 08.32
Location: York, UK

May sound silly, but when you break into a note you think... "Damn, that's another one gone" but never with a coin. ;)
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"That one!"
Johnny
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Joined: Fri 22 Aug, 2003 20.18
Location: The London Borough of East London

Rather interesting people on here prefer the note rather than introducing a coin.

I don't like the new £ 5 note but then living in East London they do tend to be covered in Blood, Cocaine & Shit most of the time :lol:
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
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Gavin Scott
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Johnny wrote:Rather interesting people on here prefer the note rather than introducing a coin.

I don't like the new £ 5 note but then living in East London they do tend to be covered in Blood, Cocaine & Shit most of the time :lol:
Well the cocaine I can understand, but you Londoners wipe your bums with £5 notes?

Ooh la la.
Johnny
Posts: 698
Joined: Fri 22 Aug, 2003 20.18
Location: The London Borough of East London

Gavin Scott wrote:
Johnny wrote:Rather interesting people on here prefer the note rather than introducing a coin.

I don't like the new £ 5 note but then living in East London they do tend to be covered in Blood, Cocaine & Shit most of the time :lol:
Well the cocaine I can understand, but you Londoners wipe your bums with £5 notes?

Ooh la la.
Well there are alot of brown marks on the corners so either shit or dry blood, most probably dry blood.

Depends where they come from, British Rail springs to mind again :lol:

People form Kensington Probably do but then they have alot of money :lol:
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
Chris
Posts: 845
Joined: Fri 15 Aug, 2003 19.03
Location: Surrey

I don't think I'd like to see a £5 coin - I know such things exist as I've seen offers for them in the back of magazines and newspapers.

I never know £1 coins could be faked - excuse me for sounding a bit dense, but how can you tell if it's fake? :?
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marksi
Posts: 1892
Joined: Wed 07 Jan, 2004 05.38
Location: Donaghadee

The Northern Bank issued a polymer £5 note a while back...

Northern Bank £5 note

The bits in white in the image on that page are actually transparent.
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