As you are aware, the new £1 coin will be available to all from 28^th March 2017. Apparently, the new 12-sided coin is considered the safest coin in the world as the current round one has been proven easily to fake. People have been advised to use the present £1 coin until 15^th October 2017 and business handling coins should have contacted their equipment suppliers by now for any hardware change needed.

For more information on the introduction of the £1 coin, co-circulation period and demonetisation please visit http://www.thenewpoundcoin.com.