A new 12-sided one pound coin based on the threepenny bit, said to be the hardest in the world to fake, is set to be announced by George Osborne in his Budget today. Described as a giant leap into the future the new coin will replace the old one, after the Treasury announced that 3% in circulation are fake a total of over 45 million. The coin is based on the historic three pence piece, also known as the Threepenny bit , which was the first coin to feature a portrait of Queen Elizabeth II. But unlike its predecessor, the new coin which will be roughly the same size as the existing one when introduced in 2017 will contain an array of technological advances making it difficult to forge.
http://indiatodaynews.in/farewell-to-the-pound-coin-as-we-know-it/
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