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Wednesday, March 29, 2017

UK battles counterfeiters, launches ‘most secure coin in the world’ Tuesday March 28,2017



The U.K.’s Royal Mint has released what it describes as the “most secure coin in the world.”

The bimetallic £1 coin, which entered into circulation Tuesday March 28,2017, boasts a hologram-style image, micro lettering and a “hidden security feature” designed to beat counterfeiters.



A spokeswoman for the Royal Mint told Fox News that the coin’s 12-sided shape and the fact that it is made from two metals make it difficult to counterfeit.

 The “latent” hologram-style image on the coin changes from a “£” symbol to the number “1” when the coin is viewed from different angles, she added, via email.

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Micro-lettering is another feature of the coin designed to foil counterfeiters – there is very small lettering on the lower inside rim of both sides of the coin.

The coin replaces the existing $1 coin



. Approximately one in 30 £1 coins in circulation is a counterfeit, according to the Royal Mint.

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