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.

New £1 coin launched in 14 cities around the UK

28 March 2017

Today sees the introduction of the new £1 coin to the UK's monetary system, in an attempt to reduce the number of forgeries on the market.

Resulting from a 10-week public consultation, the design was decided upon following consideration of both the physical and material characteristics of the coin.

Following the announcement three years ago, the Royal Mint will produce a total of 1.5bn of the new coins.

There is continuing conjecture concerning how well-prepared the various sectors of the FM industry is in accepting the new 12-sided £1 coins.

The new design will be introduced in banks within 14 cities around the UK today.

This will result in a gradual spread of the coins around the country, with uncertainty continuing over how long it will take to reach all areas of the UK.

For example, Cardiff is the only city in Wales where the coins will be seen today, so other areas are unlikely to see them in the next few days and possibly weeks in some cases.

The new £1 coin is made of two metals and includes a latent image of a £ symbol that changes to the number one when seen from a different angle.

It also features micro lettering around the rim on both sides, with milled edges creating grooves on alternate sides and a "hidden security feature".

Motorists and consumers are being advised to continue carrying the old design of the £1 coin, as not all machines have been upgraded to accept the new version.

Further information is available on

Print this page | E-mail this page


Article image Chequers Chosen for Parliamentary Review

Chequers Contract Services have contributed their knowledge and experience to the 2017 Parliamentary Review, in the Construction and Engineering Edition.Full Story...

Article image PFM Awards 2017 finalists announced

Successful entries selected for inclusion in the list of finalists for the PFM Awards 2017 have been announced.Full Story...

Concerns raised over data protection update

Steering a route to better mobile working

Transport for London awards new cleaning contract to ABM UK