New 12-sided pound coin officially enters circulation.

A new one pound coin, modelled on the threepenny bit, will officially enter circulation on Tuesday (28/03).

The new 12-sided one pound coin will be constructed from two different coloured metals and contain an iSIS security feature to combat counterfeiting.

Chief Executive of The Royal Mint, Adam Lawrence, said: “The current £1 coin design is now more than thirty years old and it has become increasingly vulnerable to counterfeiting over time. It is our aim to identify and produce a pioneering new coin which helps to reduce the opportunities for counterfeiting, helping to boost public confidence in the UK’s circulating coins.

The Royal Mint works closely with HM Treasury, the National Crime Agency and the cash-handling industry who are committed to maintaining the integrity of the UK’s currency and exploring ways in which counterfeiting can be combated. Together we ensure that every effort is made to maximise opportunities to identify and withdraw counterfeit coins from circulation.”

The current pound coin will be removed from circulation on Sunday 15th October

Related Posts

Recent Posts

Fire safety measures taking place at four Sandwell Council tower blocks.

Sandwell Council has started removing panels from balconies and some windows at four blocks of flats as part of a...

Tattoo festival with a twist to make its’ mark on the Midlands this weekend.

Some of the finest tattoo artists in the UK will converge on Walsall FC's Bescot Stadium on Saturday (01/07) for a...

Sparkhill man arrested in Spanish terrorism investigation

West Midlands Counter Terrorism Unit detectives have executed a European Arrest Warrant in Birmingham this morning ((26/06). The warrant was...

Deborah Cadman OBE named as Chief Executive of the West Midlands Combined Authority (WMCA).

Deborah will play a key role in turning the region’s devolution deal with central government into reality, including working with...

Passenger punched in what is thought to be a racially motivated assault on a train

PC Piotr Gass, from British Transport Police (BTP), has released CCTV image of man he'd like to speak to after...