THE ROYAL MINT'S 2017 COINS

More than a billion brand new £1 coins are being struck in time for its launch in March, the Royal Mint said in its New Year’s Day announcement.

The new 12-sided coin - which is being billed as “the most secure coin in the world - will replace the traditional circular £1.

The old coin was considered too easily faked with just over three in every hundred in the public domain reckoned to be a forgery.

The introduction of the new coin will be phased in over six months, starting in March.

The new £1 consists of an outer ring which is gold coloured is made from nickel-brass and the silver inner ring from a nickel-played alloy.

It also includes a ‘latent image’ similar to a hologram that switches from a £ symbol to a number 1 depending on the angle from which it is viewed.

The new coin is thinner than its predecessor and lighter too.

By the autumn of 2017, the old coin will be taken permanently out of circulation and shopkeepers will not be obliged to accept it.

Jane Austen and War in the Air coins

To read the complete article, see:
New Year, new coins as Royal Mint strikes 2017 pound (www.telegraph.co.uk/news/2017/01/01/new-year-new-coins-royal-mint-strikes-2017-pound/)

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