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Hebrides News


This is the first time a £1 coin has been introduced in over thirty years.


Around £1.3 billion worth of coins are stored in savings jars across the country, and the current £1 coin accounts for almost a third of these.


The new £1 will be the most secure coin in the world, boasting several new security features, including a hologram, to prevent counterfeits, which cost taxpayers and businesses millions every year.


The design features four emblems to represent each of the nations of the United Kingdom – the Scottish thistle, the English rose, the leek for Wales, and the shamrock for Northern Ireland – emerging from a single stem within a crown.


The look of the coin is based on the design of the old 12-sided three-penny bit, a popular British coin which went out of circulation in 1971.


Chief Secretary to the Treasury David Gauke said: “March 28 should be an important date in everybody’s calendar this year - as we will have a new quid on the block.


“This is a historic moment as it’s the first time we’ve introduced a new £1 coin since 1983, and this one will be harder to counterfeit than ever before.


“Our message is clear: if you have a round one pound coin sitting at home or in your wallet, you need to spend it or return it to your bank before 15 October.”






The countdown to the new £1 coin officially begins today.


The new 12-sided coin enters circulation on 28 March.


People are encourage the public to return or spend the existing round £1 coins before they lose legal tender status in October.


New 12-sided £1 coin launches in March

1 January 2017