The Royal Mint is introducing the new coin as it believes 3% of existing £1 coins are fake. Im a sucker for new shit so im all for it. as long as the tax aint going up just to manufacture it im down!

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“The move comes amid concerns about the 30-year old coin’s vulnerability to counterfeiting, with an estimated 45 million forgeries in circulation.

The new coin is based on the design of the old threepenny bit, a 12-sided coin in circulation between 1937 and 1971.

A competition will be held to decide what image to put on the “tails” side of the coin.”

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