New £1 coin introduced today but not in Portsmouth

THE new £1 coin is not expected to be seen in Portsmouth today with only 33 bank branches in the UK receiving them.

Tuesday, 28th March 2017, 8:24 am
Updated Tuesday, 9th May 2017, 8:18 pm
Map by the Royal Mint shows where in the UK the new £1 is being introduced today.

Post Office and bank branches in London, Bath, Newcastle, Liverpool, Cardiff and Edinburgh will have the coin introduced this morning with its circulation to be extended over the next few weeks.

Nineteen branches in England have the new £1 coin along with two in Northern Ireland, seven in Scotland and three in Wales.

Lloyds Bank, which has the biggest branch network in the UK, said most of its customers would start to see the coins from tomorrow.

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The 12-sided coin, which is thinner and lighter than the current £1, is the most secure coin the world, the Royal Mint claims due to security measures.

Adam Lawrence, chief executive, said: ‘It’s been designed to be fit for the future, using security features that aim to safeguard our currency, and currencies around the world, for years to come.’

Have you got a new £1 coin? If so, please get in touch at [email protected] or send a picture in a message to our Facebook page.

New £1 coin
New £1 coin