The Royal Mint has revealed the new high-tech 12-sided British one pound (£1) coin. The coin is made of two metals. The gold-colored outer ring is made of nickel-brass, while the silver inner ring is made of nickel-plated alloy. The old coin is made of nickel-brass and is all gold-colored.
The mint claims that one in 30 of the £1 coins currently in circulation are counterfeit. The new design includes a hidden high-security feature that will protect it against counterfeiting. Watch the video below to learn more about the new coin.
The new one pound coin will start circulating in March, gradually replacing the existing round coins in Autumn 2017, which will give citizens and business several months to make the transition.