Quizzes & Puzzles1 min ago
To anyone who works in a bank or Post Office!!
18 Answers
Help....I need to get hold of a bag of shiny new 2012 1p coins. any advice would be welcomed!
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Look here this confirms what I said, 3rd paragraph 'circulation coins'
http:// www.24c arat.co ...l=th isyears coins.h tml
Coins are only produced to order. So it is quite possible that no 1p coins with a 2012 date will be produced if there are enough already in circulation. I have just looked in my pocket and I have a bright shiny 'new' looking 1p but the date is 2009 .
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Coins are only produced to order. So it is quite possible that no 1p coins with a 2012 date will be produced if there are enough already in circulation. I have just looked in my pocket and I have a bright shiny 'new' looking 1p but the date is 2009 .
Over 26,000 million coins are estimated to be in circulation in the United Kingdom. On average around 1,500 million new coins are issued every year. The Royal Mint issues new coin to a small number of cash centres which are operated on behalf of the major banks and post offices. These cash centres in turn distribute coins to local branches of banks and post offices in order to satisfy demand from business customers and members of the public.
If demand for a particular denomination can be met from stocks of coin held within the banking sector, then the banks will not need to draw new coins from the Royal Mint. If, on the other hand, new coins are required and the Royal Mint holds stocks of previous years' dated coin then these are placed into general circulation before the current year dated coins are released.
210,404,000 1 p coins were minted in 2011, therefore I doubt that any 2012 dated coins will be released by the Royal Mint before 2013. If any are issued, you can't expect a local branch of a bank or Post Office to sort through bags of coins to try to find any from a particular year, not forgetting that the stock of bagged coinage held locally has often been deposited by local traders as part of their takings.
If demand for a particular denomination can be met from stocks of coin held within the banking sector, then the banks will not need to draw new coins from the Royal Mint. If, on the other hand, new coins are required and the Royal Mint holds stocks of previous years' dated coin then these are placed into general circulation before the current year dated coins are released.
210,404,000 1 p coins were minted in 2011, therefore I doubt that any 2012 dated coins will be released by the Royal Mint before 2013. If any are issued, you can't expect a local branch of a bank or Post Office to sort through bags of coins to try to find any from a particular year, not forgetting that the stock of bagged coinage held locally has often been deposited by local traders as part of their takings.
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Branches of Banks do not have any say in the money that is received, some branches are exporters so just send away what they have had paid in. This money is just recycled back out to the branches that need to import cash. Getting new notes to put in the cash machines is cause for celebration. In 35 years I only ever worked in one branch that received uncounted bags of new coins. Although retired 7 years I cannot imagine things have changed much, but that is why staff do not have have aby idea on how to get them for you.
Er, just checking, but you are in the UK arent' you? It's just that you spell favour the American way.
I work in a (British) Post Office and can tell you that at the moment we don't have any brand new 1p coins in. Sometimes we don't get them in until the following year, eg 2012 ones distributed to us in February 2013. Still, ask around, and ask your friends/relatives to ask around aswell, you may strike lucky.
Ooh, just had a thought, got new 5ps in at the moment, maybe they would do instead.
I work in a (British) Post Office and can tell you that at the moment we don't have any brand new 1p coins in. Sometimes we don't get them in until the following year, eg 2012 ones distributed to us in February 2013. Still, ask around, and ask your friends/relatives to ask around aswell, you may strike lucky.
Ooh, just had a thought, got new 5ps in at the moment, maybe they would do instead.
Right, have spoken to a friend who has spoken to a friend who works in a post office. She has had some new 2012 1p earlier this month and has said she will put a bag by next time they come in. (hopefully they will before September)
Royal Mint replied to my email but was as EDDIE51 stated in his comment.
Spudqueen - 5p could be the other option!!
Royal Mint replied to my email but was as EDDIE51 stated in his comment.
Spudqueen - 5p could be the other option!!
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