New one pound coin, modelled on the threepenny bit, to enter circulation in March.

A new one pound coin, modelled on the threepenny bit, will enter circulation in March.

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 new 12-sided £1 coin will enter circulation on Tuesday 28th March and the current pound coin will removed from circulation on Sunday 15th October

 

Related Posts

Recent Posts

Man sadly dies following a collision on M42 in Coventry

Emergency Services were called to reports of a car which had left the carriageway, shortly after 2.30PM this afternoon (27/03),...

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...

Belgrave Middleway closed in both directions after fatal collision

A man has died following a collision on Belgrave Middleway just after 11.40PM (26/03). The man was struck by a...

‪Tesco is to cut the cost of petrol and diesel by two pence per litre ‬

Tesco is to cut the cost of petrol and diesel by two pence per litre at all of its petrol...

Man arrested on Alum Rock Road for having an imitation gun with intent to cause fear. ‬

A man has been arrested on firearms offences following 999 calls reporting someone with a gun in Washwood Heath Road....