New Pound Coin – Is the new UK pound set to be released in October 2017! The New Pound Coin will be 12 sided & feature many new security features to stop counterfeit. Learn everything about the new £1 coin & how to convert old £1 coins.
We are the official spot for daily news on the new pound coin, plus, find out how, when and where to cash your old one pound coins for the new 12 sides £1 coin.
In 2017 the pound coin changes. The £1 pound coin will include different shape and material.
From October 15, 2017, the existing British pound coin will not be accepted anywhere. At present, there are an estimated two billion old British pound coins currently in circulation worldwide.
Plus, in addition from March 2017, a new 50 pence piece and £2 pound coin will also be released.
The new pound coin is 12-sided and will have something built into it called, ISIS (Integrated Secure Identification Systems). At present most details are kept secret about that, as the security measures are to prevent counterfeiting. Once released the new British pound coin will be the most counterfeit proof in the world.
Currently, there is one in 30 British pound coins which are counterfeit and in circulation.
The New Pound Coin - The current pound coin will no longer be around in the future, but instead twelve angles. The Royal Mint thus hopes to stop the flow of counterfeit coins with the introduction of the more sophisticated 12 angles 1 pound coin.
"The new pound coin design was a wonderful opportunity to leave a lasting legacy on what the safest currency in the world will be," said Finance Minister George Osborne at the show.
On the front side of the new pound coin is the British Queen Elizabeth seen in profile, like the other British coins. The common side of the new pound coin was designed by the 15-year-old David Pearce. His design won the contest to draw a symbol for Britain. Pearce placed a rose, a leek, a thistle and the "shamrock" -the symbols of England, Wales, Scotland and Northern Ireland- within a crown.
Also, the new one pound coin will be Silver and gold!
The Royal Mint is releasing the new pound coin design especially to combat counterfeiting. It is estimated that currently there are around 45 million counterfeit coins in circulation.
That's about 3 percent of all £1-pound coins!
In the course of 2017, the new pound coin, made out of silver and gold and introduced with the last anti-counterfeiting technology of the Royal Mint will be introduced along with the new fifty pence piece and two pound coin, as shown above.
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