UK mint starts production of ‘ground-breaking’ pound coins

new-1-pound-obverse
New £1 to enter circulation in March 2017

After more than 30 years in circulation, the UK's £1 coin is being replaced. Minting of new coins began today (March 31) at a rate of 4,000 a minute, as chancellor George Osborne announced the new design coin would enter circulation in March 2017.

Featuring "ground-breaking" technology, the new £1 coin will be the "most secure circulating coin in the world", the chancellor said, emphasising that the developments to the design would help secure the UK economy against counterfeiting. More than

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