Will Your Business Be Ready for the New Pound Coin?
Don't Delay: Call Us on 0800 0186484 and Upgrade Today!
The Royal Mint has announced the introduction of a new 12-sided £1 coin, with release scheduled for March 2017. Businesses across the UK need to get prepared for this change, with coin counting and sorting equipment capable of processing both the old-shape and new-shape coins. Cummins Allison coin sorters can process the new £1 coin, contact us on 0800 0186484 to get your upgrade started today and learn more.
As a leading innovator of currency processing solutions, Cummins Allison has been in consultation with the Royal Mint to ensure our machines will be ready to accept this new coin well in advance of it being put into circulation. We are in the process of contact existing customers regarding the required hardware/software upgrade, email us or call us 0800 0186484 to get your upgrade started.
For organisations that want to replace their equipment, we have a range of machines that offer fast and efficient coin sorting and counting. From the compact JetSort 1000, ideal for smaller operations, to the JetSort LX, with processing speeds of up to 4,100 coins per minute, our machines all offer 99.995% accuracy, utilising the industry's only exact-stop technology. View the full range here - as the UK currency changes, customers can rely on Cummins Allison to provide upgradeable, reliable coin processing solutions that are ready for the future.
Why is the £1 coin being replaced?
The current £1 coin has been in circulation for over thirty years, which is much longer than the normal life cycle of a modern British coin. All high value coins need occasional redesign to keep one step ahead of the counterfeiters; over time the current £1 coin has become increasingly vulnerable to highly sophisticated counterfeiting, so it is important to update the design to protect the long-term integrity of the currency.
The new £1 coin design is distinctly British, with a twelve-sided shape which evokes memories of the pre-decimalisation threepence piece. It will be constructed from two different coloured metals and contain a proprietary security feature - a revolutionary new high security coinage currency system developed by The Royal Mint. This enables not just coins, but the whole cash cycle to be more secure, protecting the public, vending machine operators, retailers, and the wider banking system.
When will the new £1 coin be introduced?
The new £1 coin will be introduced in March 2017, which will be here quickly. Avoid downtime, frustration and slowed processing and be sure your organization will be ready.
Be informed, think Cummins Allison.
The time is now to upgrade, please call us on 0800 0186484.
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