Chancellor unveils new pound coin designed to beat forgery

Suzie Neuwirth
A NEW £1 coin will be introduced to help counteract forgery, the chancellor has confirmed.

George Osborne said that the existing pound coin, which has been in circulation since 1983, will be replaced in 2017 with a 12-sided coin modelled on the old threepenny bit.

The new coin, which will be made of two different metals, will boast the Mint’s new iSIS technology, which will make it the most secure coin in the world.

Osborne called it “a more resilient pound for a more resilient economy”.

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