British govt to launch new one-pound coin at end of March

Posted on:03 Jan 2017 09:34:09
British govt to launch new one-pound coin at end of March
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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