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new £1 coin: what do you need to know about the end of the round pound?

new £1 coin: what do you need to know about the end of the round pound? News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



new £1 coin: what do you need to know about the end of the round pound?

the new £1 coin comes into circulation this month, signalling the beginning of the end for the round pound, which will be completely phased out by 15 october.if you're struggling to make heads or tails of the change, here's what you need to know, including what to do with your old coins and what it means for those supermarket trolley key fobs.what will the new £1 coin look like?image copyrightpaimage caption schoolboy david pearce drew the "tails" design for the new £1 coin the new £1 coin is about the the same size as the old one but has 12 sides and is gold and silver.it features a hologram where the "£" symbol changes to the number "1" when viewed from different angles. the "tails" side was drawn by schoolboy david pearce, who in 2015 created a design of the four plants that make up the uk.he said he "spent a lot of time researching what coin designs looked like and what sort of designs would represent all parts of the uk" before drawing a leek, thistle, shamrock and rose coming out of a crown.why the change to our change?image copyrightpathe new design is meant to be harder for criminals to fake and is billed as the "most secure coin in the world".about 45 million £1 coins, or 3% of those in circulation, are apparently counterfeit.royal mint, which produces the coins in its llantrisant factory in wales, says the new £1 features a secret "patented high security feature" to prevent copycats.distinctive features - including grooves on the coin ...