The Royal Mint has produced the final ever batch of £1 coins, with the nickel-brass piece set to be replaced in 2017. That’s right, the end of the road for the much-loved lump of metal is approaching, and the incoming new model isn’t even round. In just over a year, a 12-sided, bi-metallic version of the £1 coin will enter circulation, and you can almost hear the outrage already.
Though we’ve grown rather attached to the current version of the pound piece, which was first produced in 1983, it’s become a source of trouble for authorities, as it’s relatively easy to counterfeit. According to the Royal Mint, around 3 per cent of all £1 coins in circulation are fake. The new piece, on the other hand, has been hailed as 'the most secure in the world'.