Warning: this post contains puns – and they’re really bad (but quite punny!)
There’s going to be a change to the change in our pockets and it’s quite a significant one. Currency in the UK is becoming more and more secure – last September the Bank of England coined a new fiver made of polymer. They are a big step up from their predecessors and the £10 and £20 are due to follow suit within the coming months and years.
The new key features on the new fiver include a transparent window and Big Ben, which is gold on one side and silver on the other. Whilst these features are brilliant and make perfect cents, we imagine it’d be particularly difficult to put a transparent window in a metal coin. So when the Royal Mint decided to forge a new path for British coins, they had to think outside the box.
Royal Mint HQ has been working hard behind the scenes developing their ideas, particularly on the staple of British coins – the £1. It was released today [28th March 2017] and certainly bucks the trend of previous British coin designs we’ve had before. It’s a spectacular 12-sided, bimetallic design, dough we expect that everyone will be very familiar with it by the end of this year, as the first batch will include 1.5 billion £1’s being tossed into circulation! If you haven’t seen it yet, take our word for it, it’s really mint…
If you’re a retailer or business owner that handles change or has machines that take or dispense change, you have probably already upgraded your equipment. Our ATMs obviously don’t dispense coins, so it you have one of those… don’t change anything!