It boasts high tech features, including a hologram
The new 1 coin is released today but here’s why you won’t get one in CoventryIt will only be stocked at a few select outlets
The new 1 coin is released today but here’s why you won’t get one in CoventryIt will only be stocked at a few select outlets around the country when it is launched on Tuesday, March 28Get daily updates directly to your inboxSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailThe Royal Mint has revealed a list of places around the UK where you will be able to get a new 12 sided coin on launch day guaranteed.That will make you one of the first people to get hold of the coin before they start circulating more widely.Sadly, no Coventry or Warwickshire bank is including in the listing meaning you will have to travel to Birmingham to get your hands on one.It will only be stocked at a few select outlets around the country when it is launched on Tuesday, March 28.The new coin has been described as the most secure coin in the world. It boasts high tech features, including a hologram.It can be used alongside the old pound coin until the round pound ceases to be legal tender on October 15.They have a gold coloured outer ring and a silver coloured inner ring and are based on the design of the old 12 sided threepenny bit, which went out of circulation in 1971.It might take a few days or weeks for people to start seeing the new coins turn up in their change as they gradually filter into general use.People using some coin operated machines may also find that keeping a few spare round pounds in their wallet will prove handy for a while. Not all machines will work with the new coin from the date of introduction.The Automatic Vending Association (AVA) estimates that on March 28, when the new coin goes into circulation, around 85% of vending machines will be able to accept the new coin and all will still accept the old coin.New coin enters circulation in ONE canada goose outlet week here’s everything you need to knowIt said that with around half a million vending machines across the UK, ensuring all of them are upgraded is a «major operation».The body has estimated that all vending machines will be fully upgraded by the end of the transition period on October 15.Jonathan Hart, chief executive of the AVA, said the upgrades needed for the new coin will cost the vending industry an estimated million.He said: «We support the Royal Mint and the Treasury’s actions to protect the integrity of currency in the UK and reduce the level of fake coins in operation.»coins were first launched on April 21 1983 to replace notes.
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