New One Pound Coin Enters Circulation

Mar 27, 2017

Source

The new 12-sided £1 coin will enter circulation on 28 March, the government has said. The round £1 will be legal tender alongside the new, more-secure coin until 15 October.

The public is being urged to use their current £1 coins or bank them before they lose their legal tender status. The government estimates around a third of the £1.3 billion worth of coins stored in piggy banks or saving jars around the UK are the current £1 style.

Some of those returned by the public will be melted down and used to make the 12-sided version. The new style was announced in the 2014 budget and has been billed by the Royal Mint as "the most secure coin in the world".

 Read full article here

Source: 

"New 12-sided pound coin to enter circulation in March." BBC News. January 01, 2017. Accessed February 12, 2017. http://www.bbc.co.uk/news/uk-38480180.

Last Updated: Jul 27, 2017