Five minutes after changing the five-pound note to a plastic one, we’ve had news that the look of pound coins is set to change too!
The new coins are no longer going to be round instead they are going to be dodecagon shaped. That’s 12-sided.
Apparently, the new pound coin will come into circulation next March. The treasury has urged businesses to prepare for the MASSIVE change.
Businesses such as, Cash-handling firms and those that operate vending machines have been directed to a website – thenewpoundcoin.com – to help guide them through the transition as part of a campaign.
The Royal Mint and the Government are set to take the circular 30-year-old pound coin out of circulation in 2017.
David Gauke, Chief Secretary to the Treasury, has commented: ‘The pound as we know it will not be round for much longer.
‘The introduction of this new £1 coin will be a highly significant event and we are working with the Royal Mint to ensure key industries are ready and to ensure a smooth transition.’
The Government claims that the new coin will be the ‘most secure of its kind in the world’ and will combat counterfeiters who have around 45 million counterfeit £1 coins currently in circulation.
New security features include a hologram-like image that changes from a £ symbol to the number 1 when the coin is seen from different angles.
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