With less then six months to go, the race against time to make sure everything from vending machines to shopping trolleys work with the new £1 coin is on.
The new 12-sided £1 coin’s dimensions are obviously different from the current round £1 coin, but other changes include;
Thickness: 2.8mm – it is thinner than the round £1 coin.
Weight: 8.75g – it is lighter than the round £1 coin.
Diameter: 23.43mm – it is slightly larger than the round £1 coin, the maximum diameter (point to point) is 23.43mm.
So what affect will this have on your vending machines?
The simple answer… It’s difficult to tell without knowing your exact application. You may need adaptations or replacements to your coin handling equipment. Operators of coin handling equipment should contact us as early as possible to identify if any upgrades are necessary.
Important dates to remember:
October 2016 to March 2017 – Preparing for the new £1 coin.
Check whether you operate equipment that handles the £1 coin.
March 2017 to September 2017 – Co-circulation period.
You can accept both coins from your customers.
Autumn 2017 – Demonetisation.
All your coin handling equipment should be able to accept the new £1 coin.
For further info visit: http://www.thenewpoundcoin.com/
