New One pound coin comes into circulation today!

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Today the Royal mint have issued a new one pound coin. The reason for this is to prevent forgery. The current one pound coin we use in the UK has been in circulation since 1983 and the final date for its withdrawal will be in October 2017. The reason for the change is because it is estimated that there is around £45 million pounds approximately $56 million or 51 Million Euros in circulation that are forgeries. Counterfeiters have become too clever for their own boots so the new coin has quite a few new features which will make it harder to copy. 1. The coin will have 12 sides for starters. Similar to the old three penny piece. 2. It is made of two metals a brass outer edge with silver inner centre. 3. There is a hologram which when moving the coin will show the £1 sign to number 1. 4. Around the outer edge of the coin will be small writing stating One Pound. 5. There are groves on some of the outer edges opposite each other. 6. A high security feature has been added to the coin which has not been announced. The front of the coin depicts the Queens head. On the reverse the date of issue and the four symbols of the four countries that make up Great Britain. The Rose, Thistle,Shamrock and Leek for England, Scotland, Northern Ireland and Wales. The four symbols are held within a Crown. When I was much younger we had one pound notes. Obviously the coins will last a lot longer than notes. Some wags who have managed to get hold of them today have offered them for sale on Ebay for £50 each. Talk about inflation and imagination. I think we are going to like this new coin. Later in the year the old £5 note will be phased out and a new £10 note introduced. So those of you in the UK. Look down the side of your sofas, empty your money boxes and spend them as they won't be around for much longer!