article_snippet.sent: Industry chiefs insist the bill for converting parking meters, vending machines and phone boxes to accept the new £1 coin could be more than £200million.
article_snippet.sent: But roughly 1.2million machines on the market will have to be re-calibrated to fit the new piece, which is set to be introduced in 2017, according to one industry expert.
article_snippet.sent: Payphones, parking metres, betting shop fruit machines, launderette washing machines and supermarket trolleys are among the devices that will need to be upgraded.
article_snippet.sent: Last year the Royal Mint suggested that the cost of converting roughly 1.2million machines on the market would be around £20million.
article_snippet.sent: This will be completed by the end of the month. '
article_snippet.sent: The vending industry said updating machines could local authorities as much as £100million to modify parking meters and called the coin charges 'a disaster'.