Private mints to help with £1 overseas distribution
Royal Mint will provide blanks but design and distribution is responsibility of individual territories
The UK’s new 12-sided £1 coin will soon be available to overseas territories for the first time since it entered circulation in 2017.
“This decision taken by ministers to roll out the coin underpins the UK’s commitment to its territories and dependencies, and will ensure they can benefit from the increased security that the 12-sided coin offers,” a statement from the UK’s Treasury says.
Back in 2014, plans for the new £1 coin were unveiled in the government’s budget. However, the coin was only
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