Exchequer Secretary strikes billionth new pound

The billionth new £1 coin passed through the Royal Mint’s production line on Monday, as Brits get ready to bid farewell to the old round pound.

Exchequer Secretary to the Treasury, Andrew Jones MP, paid a visit to the Royal Mint headquarters in Wales to officially mark the milestone and strike the billionth coin with the Queen’s head.

By mid-July there will be more new coins in circulation than old. People have already returned 800 million of the old coins, which entered circulation in 1983. For more click here