New £1 coin unveiled

The Government has unvield a new 12-sided pound coin based on the threepenny bit.
Described as a “giant leap into the future” the new pound coin will replace the exisiting coin that the Treasury says has a 3% forgery rate – amounting to a total of more than 45m in circulation.
New £1 Coin
The coin, to be introduced in 2017, is based on the historic three pence piece, also known as the “threepenny bit”, which was the first coin to feature a portrait of Queen Elizabeth II. It will contain an array of technological advances making it difficult to forge.
As well as a “bimetallic” construction similar to the existing £2 coin, the new £1 will feature new banknote-strength security pioneered at the Royal Mint’s headquarters in Llantrisant, South Wales.
A Treasury spokesman said: “After 30 years’ loyal service the time is right to retire the current £1 coin and replace it with the most secure coin in the world."
New £1 Coin