On 28 March a new £1 coin will go into circulation. It features twelve sides and a series of security features designed to combat counterfeiting. From 15 October 2017, the old £1 coin (or ‘round pound’) will no longer be accepted as legal tender. Anyone will still be able to trade in their old coins for new ones after the deadline, but they will have to do so at their own bank.
There are likely to be fundraising opportunities for charities both around the launch of the new coin and across the transition period. The Royal Mint will be resmelting old coins to help produce some of the new coins, and will be encouraging people to spend, donate or deposit their old coins from the launch of the new one. Go to the website to read the full article.