This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Businesses urged to prepare for new pound coin

31 October 2016

March 2017 will see the launch of the new, 12-sided pound coin and businesses are being urged to check that preparations for its introduction are in place.

In addition to the launch next March, cash handling equipment will also be expected to deal with a six-month transitional period.

Following this, the current circular pound coins will be phased out.

The decision to introduce the new design was made following a government consultation.

It is estimated by The Royal Mint that approximately one in 30 of the pound coins currently in circulation is a fake.

Introduction of the new design is intended to make it much more difficult to copy.

In addition to the 12 sides, the new pound coin will include two types of metal, a latent image, micro-lettering, milled edges and a hidden security feature, the details of which have not been announced.

To support the launch, a new website has been created by the Treasury and The Royal Mint

Print this page | E-mail this page


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image FM focus included in Chancellor's visit to Saudi Arabia

Chancellor Philip Hammond visited Jeddah, Saudi Arabia, over 8 and 9 July as part of the UK government's support of the country's Vision 2030 agenda.Full Story...

CCS launches FM Marketplace framework

PFM Awards Partners in Retail finalist prepares for 7 November

Apprenticeship Levy allows funds transfer to supply chain partners