When one pound costs five.

Those of us in the UK will know that the Royal Mint has replaced our round pound coins with a super duper version resembling the old threepenny bit.

As from Oct 15th, the round coins ceased to be legal tender though any you had after this date could be exchanged at the bank for a nominal period.

It’s a lie.

We got caught by someone, we don’t know who as we didn’t notice at the time, who gave us a shiny OLD POUND in our change, and because it was so shiny (probably polished with brasso for the occasion), we believed it to be one of the new ones.
Checking it out on the internet, it said they could be exchanged at banks and post offices.

It’s a lie.

I stood in the Post Office queue for over ten minutes to exchange my old pound for a new one, only to be told that they couldn’t do it and I had to PAY IT INTO MY BANK ACCOUNT.
I was practically speechless.
Eventually I found my voice and said I didn’t have an account with the Post Office but I did with the bank that allows withdrawals and enquiries at Post Office outlets.

So, for the single transaction of depositing the princely sum of one pound, it had to be processed (computer and electricity) by the cashier (wages and time) and a receipt (paper  processing procedure for manufacture of wood pulp accordingly) given.
I believe that if this was analysed for a costing exercise, it would equate to about five pounds all for the sake of one.
Doesn’t make sense, does it?
Glad I don’t pay bank charges.

About pensitivity101

I am a retired number cruncher with a vivid imagination and wacky sense of humour which extends to short stories and poetry. I love to cook and am a bit of a dog whisperer as I get on better with them than people sometimes! We have recently lost our beloved dog Maggie who adopted us as a 7 week old pup in March 2005. We decided to have a photo put on canvas as we had for her predecessor Barney, and now have three pictures of our fur babies on the wall as we found a snapshot of my GSD so had hers done too. From 2014 to 2017 'Home' was a 41 foot narrow boat where we made strong friendships both on and off the water. We were close to nature enjoying swan and duck families for neighbours, and it was a fascinating chapter in our lives. We now reside in a small bungalow on the Lincolnshire coast where we have forged new friendships and interests.
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3 Responses to When one pound costs five.

  1. colinandray says:

    Look on the bright side, I have a pile of UK coins that are useless…. other than souvenirs of past visits to the UK!

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