KEYWORDS TODAY:   OUTLOOK 2020NATOKTBGRIGOR DIMITROVUKRAINEPRISON WORKERS

UK Unveils New 12-Sided Pound Coin

World | March 19, 2014, Wednesday // 17:46| Views: 990 | Comments: 1
  • Send to Kindle
Bulgaria: UK Unveils New 12-Sided Pound Coin Photo by EPA/BGNES.

A new 12-sided GBP 1 coin made with two separate metals will replace Britain's pound coin after 30 years of work, the Royal Mint announced Wednesday.

It resembles a "threepenny bit", a coin that circulated in Britain from 1937 to 1971.

British officials claim the new coin will be harder to fake. Some 45 million, or 3%, of the pound coins now in circulation are said to be counterfeit.

The new coin, which will circulate starting in 2017, will feature a portrait of Queen Elizabeth II or whoever the monarch is at the time.

The goal is to produce a pioneering new coin that will boost confidence and cut fraud, according to Royal Mint chief executive Adam Lawrence.

World » Be a reporter: Write and send your article
Tags: coin, Royal Mint, counterfeit, Queen Elizabeth II, fraud
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (1)
#1
Fred Alston - 20 Mar 2014 // 23:54:56

It's very apposite that this is based on the old threepenny bit, it has about the same purchasing power.

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria