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New twelve-sided £1 coin for 2017

March 19, 2014 in British Coins, Coins, English Coins, Money, News, Numismatica, Numismatics, The Royal Mint, World Coins

By: Howard Lake. March 19th, 2014. (http://www.fundraising.co.uk)

HM Treasury is to introduce a new £1 coin in 2017. It will have a distinctive twelve-sided shape, reminiscent of the threepence coin which was withdrawn at decimalisation in 1971.

The new coin will of course find its way into charities’ collecting tins.

It has been introduced to reduce counterfeiting of the £1 coin, which was introduced 30 years ago. The new coin “will be the most secure circulating coin in the world to date” according to The Royal Mint.

Video by: The Royal Mint

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