Breaking News Bar
updated: 3/19/2014 7:22 AM

Royal mint unveils new pound coin

hello
Success - Article sent! close
  • The new one pound coin.

      The new one pound coin.
    Associated Press

 
Associated Press

LONDON -- After 30 years of work, the pound coin is ready for a makeover.

The Royal Mint announced plans Wednesday to replace the weighty flat piece with a 12-sided coin made with two separate metals. It resembles a "threepenny bit" -- a coin that circulated in Britain from 1937-1971.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

British officials say the new coin will be harder to fake -- as many as 45 million, or 3 percent, of the pound coins in circulation are said to be counterfeit.

The new coin, which will start to circulate in 2017, will feature a portrait of Queen Elizabeth II.

Royal Mint chief executive Adam Lawrence says the goal is to "produce a pioneering new coin" that will boost confidence and cut fraud.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here