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HM Treasury Unveils New £1 GBP Coin

Everyday we talk about what’s new and what it’ll cost, yet it’s rare seeing new currency featured

Everyday we talk about what’s new and what it’ll cost, yet it’s rare seeing new currency featured on these viral pages – it’s just not something that happens often. There’s a different feeling in the air today however, as Her Majesty’s Treasury announced a redesigned British pound coin will be introduced in 2017 to help maintain the integrity of its nation’s currency. According to the treasury, the current pound has a 3% forgery rate, meaning about £45 million GBP (approximately $75 million USD) worth are currently in circulation. This new coin will remain roughly the same size as its predecessor, yet its reimagined 12-sided shape – a tribute to the iconic threepenny bit - will make it one of the hardest in the world to fake.

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