British govt to launch new one-pound coin at end of March
Posted on:03 Jan 2017 09:34:09
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03 January 2017 Current Affairs: The British Treasury has decided to introduce a new 12-sided one-pound coin at end of March 2017 and scrap the 30 year old one pound coin by October 2017
A new coin will be produced by the Royal Mint in Wales and a total of 1.5 billion coins will be issued in the first minting.
New One Pound Coin : The new coin will have 12-sided shape, recognizable even by touch and it is made of two metals, the outer ring is gold-coloured (nickel-brass) and the inner ring is silver-coloured (nickel-plated alloy).
If the coin is tilted it shows a latent image like a hologram, which changes from a pound sign to the number one.
It will feature the 5th coinage portrait of Queen Elizabeth II.
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