Letter From The UK: Classic Car Treasure Troves - f1 cars motor MotoGP Blogs

Letter From The UK: Classic Car Treasure Troves



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Like in many countries of the world, the British Sterling Pound currency is changing. Gone are our elegant paper bank notes, replaced now by seemingly indestructible plastic money that does not have that special “feel” only proper paper bank notes can have.
Goodbye Pound Coin
In general use, the British Pound is worth approximately $1.32. With the challenge of Brexit hanging over our heads like the sword of Damocles, by the time we become the The Lonely Man of Europe in 2019, I suspect the Pound will be worth about 25 cents, that?s if you get anyone to buy it at all. (As a writer, I take Dollars by the way if anyone?s interested. Also Roubles, Yen, multiple other currencies, and livestock in lieu). Now, a good few years ago, the old One Pound note was replaced by a small, insignificant round coin. This was a complete “gimme” to forgers who we learn have made and circulated some 47 million of the things. Mostly, we are none the wiser when spending.
The British Royal Mint slowly cottoned on to this forgery business and as of the 15th of October, the old gold-colored £1 coin (by the time you read this) will have ceased to be legal tender. It has been replaced by a slightly thinner and lighter twelve-sided coin with a security feature that makes this dodecagonal coin much harder to forge. This means any £1 coins from your last UK trip you have been saving for your next holiday visit to the rainy...
Source: automoblog
URL: http://www.automoblog.net/

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