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New 12-sided pound coin is to replace the old one

By Exeter Express and Echo  |  Posted: March 19, 2014

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A 12-sided pound coin is to replace the old one, which the Treasury says is too easy to forge.

The new coin will be the most secure circulating coin in the world to date, the Royal Mint claims.

Its design is based on the three pence piece, also known as the “three-penny bit”.

The Royal Mint claims to have developed “world-leading anti-counterfeiting technology” which will help the Treasury to protect the UK’s currency.

The new £1 coin utilises “multiple layers of cutting edge technology” which will help reduce counterfeit coins entering general circulation.

Chief Executive of The Royal Mint Adam Lawrence said: “We are thrilled to have the opportunity to support Her Majesty’s Treasury and work on such an exciting project, which could potentially change the way that coins are made in the future.

“The current £1 coin design is now more than thirty years old and it has become increasingly vulnerable to counterfeiting over time.”

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