U.K. to Replace 1-Pound Coin With Secure 12-Edged Design
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The U.K. will introduce a new 1-pound coin in 2017 as part of a crackdown on counterfeiters, after the current model spawned millions of fakes.
The new pound, modeled on the 12-sided pre-decimal 3-penny piece introduced in 1937 and removed from circulation in 1971, will have features making it one of the most secure coins in the world, the Treasury in London said in a statement today. One pound is currently equivalent to $1.66.