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Guidance for retailers about new pound coin

Business owners and staff are advised to familiarise themselves with the multiple security features on the new coin. When handling the new coins, retailers should check that the ‘£’ symbol changes to a number ‘1’ when the coin is seen from different angles, that it has twelve sides and milled edges.

Retailers will also need to ensure that any machines that handle coins will accept the new pound coin, as well as make any necessary upgrades to their equipment. Demonetisation of the current pound coin is expected in Autumn 2017 when it will no longer be legal tender.

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