The 1 Pound Coin

john32 · Post by **john32** » Fri Jan 28, 2011 10:28 am

Why is the £1 coin so popular,
The Royal Mint introduced the £1 coin back in 1983, i remember the first fruits paying them out, i think the £4 razzle dazzle was one of the first fruits to pay them out in 1988, since then The Royal mint has produced billions of £1 coins, i also think the fruit machines was one of the reasons why the govenment kept the pound, can you imagine how 1 pound coins lay dorment in the fruit machines in the whole country, more of the fruit machines are always full & that includes the £5 jackpots, if they the Royal mint were to introduce the euro coin, it would have to destroy billions & billions of £1 coins, it will take a lot of hard work to convert all the fruit machines/hoppers etc, its a very simular reason why camelot are still in charge of the lottery, when Richard Brandson won the right to take over the lottery camelot refused to let him use there lottery machines meaning the government would lose hundreds of millions of pounds in lottery funding.
So the moral of this story is i think the £1 coin is here to stay. :P

Mr McStreak · Post by **Mr McStreak** » Fri Jan 28, 2011 11:40 am

Machines were paying out pound coins before 1988.

deano8177 · Post by **deano8177** » Fri Jan 28, 2011 11:55 am

They have so many pound coins becouse I keep hoarding them.

quizard · Post by **quizard** » Fri Jan 28, 2011 12:08 pm

To a certain extent it was introduction of the pound coin in 1983 that made quiz machines possible a couple of years later. If they had been restricted to paying 50ps and 10ps I don't think they would have ever taken off like they did.

harry2 · Post by **harry2** » Fri Jan 28, 2011 12:10 pm

It was 50ps and tokens up to the £6 days (iirc) Wasn't it the JPMs (the ones that had the melon meters on) that were one of the first to pay £1 coins. Might be completely wrong here .

Mr Move It · Post by **Mr Move It** » Fri Jan 28, 2011 1:45 pm

Good argument. There are 2 sides here. One is to make note payout more popular, which makes sense when you've won fifty-odd quid. On the flipside, landlords/operators might want to prevent note payout because they can hear when someone wins big and bar them / scrutinise them.

harry2 · Post by **harry2** » Fri Jan 28, 2011 1:53 pm

quizard wrote:To a certain extent it was introduction of the pound coin in 1983 that made quiz machines possible a couple of years later. If they had been restricted to paying 50ps and 10ps I don't think they would have ever taken off like they did.

Clubbers used to just dump the whole £50 jackpots in 50p pieces !!! Not clunk, clunk, clunk: but a huge crash in one go. It was in tubes, those days, long before hoppers.

jeffvickers · Post by **jeffvickers** » Fri Jan 28, 2011 5:24 pm

I went to New York this year, the shitty Maxx games with Hoop Jones etc all have note validators as they won't get rid of their one dollar bill. Even though there are a few $1 coins in circulation. You think you've got a wad in your wallet at the end of the day to find you've about 17 dollar bills in your wallet.

Mr McStreak · Post by **Mr McStreak** » Fri Jan 28, 2011 6:05 pm

Lol imagine if the £1 note was still in circulation!

john32 · Post by **john32** » Fri Jan 28, 2011 9:00 pm

&quot wrote:Lol imagine if the £1 note was still in circulation!

It still is in Scotland. :P

Nixxy · Post by **Nixxy** » Sat Jan 29, 2011 12:02 am

Mr McStreak wrote:Lol imagine if the £1 note was still in circulation!

A £1 note felt like a significant amount of money back in the day. I remember valuing my silver shrapnel a lot more then than I do now - nowadays 20p coins = sausage roll in Greggs ... in those days everyone would buy a can of Coke from Woolworths for 18p at the end of the Saturday afternoon round-town shopping trip, stick the price ticket to the litter bin outside the shop, and drop the ring-pull about 20 yards up the street. They'd eventually get crushed into the road surface by traffic.

Nowadays stick a £1 note into a DOND notey for approximately 3 seconds of entertainment.