The new £1 coin that will be hitting the Britain’s tills and Poundsaver stores has entered circulation this month and it has a feature hidden to the naked eye.
With the British economy more and more uncertain (for reasons we won’t get into in this article) introducing a fancy new twelve-sided coin may seem ill-timed.
However just like Brexit, it’s happening and there’s not a damn thing we can do about it. Other than the change in it’s shape and the silver template in the middle, there is a hidden component you won’t be able to notice at first glance.
This secret feature has been added to the new pound coin to stop counterfeiting, however the Royal Mint who produce and distribute the new coins have not released any details as to what that feature is, for obvious reasons.
The new £1 coin, to be released in March, has a "hidden security feature". The hell are you talking about? Does it have a password? pic.twitter.com/YuHU0EoZ1S
— Jake Davis (@DoubleJake) January 16, 2017
Aside from the hidden feature, additional security measures include an image that acts as a hologram and micro-sized lettering that will appear inside both rims. According to Royal Mint the new £1 coin will be ‘the most secure coin in the world’.
This sounds much better than the current batch, which apparently have one in 40 fakes among their number.
Adam Lawrence, chief executive of Royal Mint has gone on to say that:
It’s been designed to be fit for the future, using security features that aim to safeguard our currency, and currencies around the world, for years to come.
However those with the old coins shouldn’t be too quick to trade them in – it will remain legal tender until October 15 – but after then stores will have every right to refuse it as currency…