Industry Engagement

Industry Engagement

The Government and The Royal Mint have worked closely with a number of industries to understand their individual requirements and the impact that a new £1 coin might have on the wider cash cycle. This was conducted via the following channels:

• Appearances at industry forums and conferences
• Meetings with trade bodies and stakeholders
• Contact with over 200 organisations and/or individuals by email
• Joined-up engagement with the Bank of England (through its Polymer Banknote Project)

Guidance for businesses on what they need to do to prepare for the new £1 coin, including free downloadable resources, and Frequently Answered Questions is available at www.thenewpoundcoin.com.

Manufacturers of coin validation equipment are now preparing upgrades for the wide variety of equipment that will accept and dispense the new 12-sided £1 coin.

The Royal Mint has provided these manufacturers with trial pieces of the new coin for equipment testing and development processes. A list of companies that have been sent trial pieces for this purpose is below:

  • Scan Coin Limited
  • Wanzl Ltd
  • Suzo Happ International
  • Parkeon
  • Willings Services Limited
  • wh Münzprüfer Berlin GmbH
  • Innovative Technology Limited
  • Giesecke & Devrient GmbH
  • Cummins Allison Ltd
  • Scheidt & Bachmann GmbH
  • Glory
  • Asahi Seiko (Europe) Ltd
  • Tellermate Ltd
  • Wincor Nixdorf Ltd
  • Astrosystems Limited
  • Azkoyen Group
  • Crane Payment Inovations GmbH
  • Coin Acceptors, Inc. (coinco) 
  • HESS Cash Systems GmbH & Co. KG
  • Jofemar Corporation
  • NGZ Geldzählmaschinengesellschaft mbH & Co. KG

Please contact your manufacturer or supplier directly for details relating to the required changes, costs and timelines associated with equipment upgrades.

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