Today is the day the familiar “sound round pound” coins of the UK are demonetised (taken out of circulation) to be replaced by a new super secure bimetallic version. The £1 coin first came into circulation in 1983, when it replaced an earlier pound note. These coins are made from copper, zinc and nickel, but before their replacement, were often counterfeited.
I managed to save one pound coin as a souvenir, which now sits in my drawer at work.
Today is the first day of issue of the UK’s new ultra-secure bimetallic one-pound coin, the first major overhaul of the denomination since its minting began in 1983. It comes with microprinting and a latent image device underneath the Queen’s profile. Banks here at Tottenham Court Road in London will be among the first to distribute the coin to customers.