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7 hours ago, Roger Mexico said:

How long coin-operated mechanisms that are only useful on the Isle of Man will be available is another issue as well.

Most modern coin mechanisms analyse the coin for its inductive characteristics as it passes between shaped coils, and can be reprogrammed simply by inserting a sample of new coins through the mechanism while in learn mode.  The only slight annoyance being that the pound will effectively occupy two or more of the available channels.

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It was a pretence. A futile display of showing some sort of independence.

It is a typically badly written Manx Radio interpretation of a government press release. The Manx round pound is staying in circulation. It is the UK ones that are ceasing to be accepted.

Yeah, and I just bitch tweeted the IOM Bank for giving me a load of UK round pounds the other day.

24 minutes ago, Annoymouse said:

No they can't, the vending machine can't tell the difference between a Manx pound coin and an old style UK pound coin, having spoken to a vending machine operator they have no choice but to allow only the new UK pound coin to be accepted.

 

Ah, that's a tricky situation.  The best they could do there is apply a high discrimination mode to the Manx pound coin to try and filter out the non Manx ones, but if their metal characteristic is close then that's not possible.  The high discrimination mode also results in a higher rejection rate for valid coins.

 

I can see why the vending operators would just accept the new shape guaranteed valid currency coins in that case.

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1 minute ago, Derek Flint said:

I was told that the reason we weren't changing was because the Royal Mint (or whoever) wouldn't release the security spec to third parties. Its a bit of a pain though in respect of what must be the most used unit of currency?

 

But the IOM doesn't need that info, they just send a picture of a design and ask for it to be printed on that coin?

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57 minutes ago, Annoymouse said:

No they can't, the vending machine can't tell the difference between a Manx pound coin and an old style UK pound coin, having spoken to a vending machine operator they have no choice but to allow only the new UK pound coin to be accepted.

 

that wasn't my point. they can be reprogrammed to accept both styles.....

anyway it depends on the mech. if they scan to tell the difference.....  

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22 hours ago, 2112 said:

I have just noticed, the IOM Government propaganda arm, Manx Radio, saying that the Manx Pound are coming out of circulation on 28 February 2018. The IOMG Treasury refused to follow the UK lead earlier this year, as presumably IOM businesses and other vested interests, would have to adapt their technology etc accordingly. Now the IOM has to get rid of it’s Pound coins, and will have to create a new design based on the UK £ new coinage. How much is this going to cost the island? Avoidable waste and needless expenditure, all because the Treasury ‘couldn’t be arsed’.

It costs what it costs, it doesn't matter when they do it because the costs are the same. Wind yer neck in.

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2 hours ago, joeyconcrete said:

Guernsey did the same, the Isle of Man just had to be different and decided to introduce a new round pound at the same time a the new UK pound was realised with the reason given being they had already designed that coin and that didn't have time to design a new 12 sided coin! 

 

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1 hour ago, Annoymouse said:

Guernsey did the same, the Isle of Man just had to be different and decided to introduce a new round pound at the same time a the new UK pound was realised with the reason given being they had already designed that coin and that didn't have time to design a new 12 sided coin! 

 

What new Manx round pound? It’s stayed the same dimensions. The obverse and reverse are changed regularly. Mainly for numismatists.

Manx coins aren’t minted by the Royal Mint, but by The Tower Mint. And they know about the bimetallic security stuff as the 2017 £2 uses the technology.

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We're just separating them out as we take them in and once we've got £20 worth, bagging them up and putting them in with the banking. Doesn't take too long to do and at least they're out of circulation then.

 

 

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The Banks are probably relying on shops/the public to sort them out. Easier for a shop to sort through 50 than a Bank though 1000's.

Any new vending machines, you just need to keep a stock of new English in the till.

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On 12/23/2017 at 11:56 AM, John Wright said:

What new Manx round pound? It’s stayed the same dimensions. The obverse and reverse are changed regularly. Mainly for numismatists.

Manx coins aren’t minted by the Royal Mint, but by The Tower Mint. And they know about the bimetallic security stuff as the 2017 £2 uses the technology.

You haven't had a 2017 Manx round pound then? I think it was in October 2016 they said the 2017 coin had already been designed and they have no plans to change to a 12 sided pound coin.

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