The New 12-Sided £1 Coin Makes The Dollar Look Like A Joke
In announcing a new budget today, George Osborne, the chancellor of the exchequer (finance minister), said the U.K. needs a new £1 coin "to help reduce counterfeiting and ensure the integrity of the United Kingdom’s currency."
Here are some details on the prototype from the Royal Mint:
"The proposed £1 coin design is distinctly British, with a twelve-sided shape which evokes memories of the pre-decimalization threepence piece.
"It will be constructed from two different colored metals and contain an iSIS security feature — a revolutionary new high security coinage currency system developed by The Royal Mint."
There will be a public design competition for the reverse side of the coin, which the U.K. hopes to introduce in 2017.
- A Man Spent An Entire Year Walking Across China — This Is What He Looked Like Afterward
- The Two Most 'Dreaded, Hated' Words At Steve Jobs' Apple
- This Map Shows Which Coffee Chains Dominate America