Is this the most secure coin in the world?
28 March 2017
The new £1 coin, recently released, has a number of design features that make it lighter, thinner and much more difficult to counterfeit.
According to The Royal Mint, producers of the coin, approximately one in thirty £1 coins in circulation is a counterfeit, which is why the new design is necessary.
It’s distinctly different from the old coin; it’s thinner, lighter and slight larger than what we’re used to. Most notably, it has 12 sides. This distinctive shape makes it instantly recognisable and much harder to counterfeit. It also has a hidden security feature built-in to protect from future forgery.
It’s made of two metals, the outer ring is gold (nickel-brass) and the inner ring is silver (nickel-plated alloy). It features a holographic image that changes from the ‘£’ symbol to a number ‘1’ and a new design that shows the English rose, the Welsh leek, the Scottish thistle and the Northern Irish shamrock. This was created by David Pearce who won a public design competition when he was 15.
The Royal Mint produced the new £1 coin using cutting-edge technology developed on its site in South Wales.
Video courtesy of The Royal Mint.