The United Kingdom is to replace its £1 coin with a new version modelled on the historic threepenny piece or ‘thrupenny bit’. A formal announcement was expected to be made by British Chancellor

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The United Kingdom is to replace its £1 coin with a new version modelled on the historic threepenny piece or ‘thrupenny bit’. A formal announcement was expected to be made by British Chancellor George Osborne in his budget speech on March 19. The twelve-sided shape and use of two different metals is expected to help crack down on fake currency. The coin will be introduced in 2017. This video of the design was produced by The Royal Mint. Credit: YouTube/The Royal Mint

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Wed, Mar 19, 2014 8:32 AM EDT