The Round £1 Coin is Another Step Closer to Death

By Aatif Sulleyman on at

The new £1 coin is officially in production. The 12-sided piece, which has split public opinion, will enter circulation in March 2017, with the current £1 coin set for retirement six months later.

The new coin is said to be the world’s most secure, and features a two-tone design, rounded corners and milled edges. It measures just over 2.3cm in diameter and is also marked with the flora of the UK’s home nations.

“The new coin will help secure our economy and get rid of counterfeits,” said chancellor George Osborne, who loves the sound of clinking change. “In a year’s time, the new coin, which will incorporate emblems from all four of our home nations, will line millions of pockets and purses around the UK.”

Read More: 18 Things You Didn't Know About UK Coins

The current £1 coin has been around for more than 30 years, but it's believed that as many as 3% of them are fake. Still, we're going to miss them when the death bell tolls. [Guardian]