07. 11. 2016
A new coin of 1 pound will appear next year in Great Britain. According to the British Treasury, a coin will have twelve faces. This innovation is connected with an increase in the number of spurious coins of this denominational value.
British companies have a time until March to prepare their equipment. All the machines for money receiving must be adapted to both the old and the new 1-pound coins. Old sample money is planned to withdraw from circulation within six months after the appearance of the new coins.
The representatives of the Royal Mint consider that it is practically impossible to forge a new coin. According to the Chief Secretary of Treasury David Gouk, a new coin will be composed of two metals: nickel and brass. Also, a metal pound will contain a holographic image. It will change depending on the angle of the coin’s inclination. It will be engraved with very small letters “one pound” on the edge.