Counterfeit £1 coins | The Royal Mint

Counterfeit £1 Coins

The Royal Mint takes counterfeiting and fraud extremely seriously.

Any level of counterfeiting is a matter of concern and can undermine confidence in the currency of any given country. Provisions for various offences connected with the counterfeiting of coins in the UK are included in the Forgery and Counterfeiting Act 1981. Enforcement of these provisions is entirely a matter for law enforcement agencies, such as the police and the Crown Prosecution Service.

The round £1 coin, first issued in 1983, was one of the oldest British coins in circulation. Over time it became increasingly vulnerable to counterfeiting generating significant costs to industry, the general public, taxpayers and the wider society. As a consequence, a new 12 sided £1 coin was introduced into circulation on the 28 March 2017. 

There are no recorded instances of counterfeit new 12-sided £1 coins and there have been no reports of attempts to introduce counterfeit coins into circulation.

The round £1 coin lost its legal tender status on 15th October 2017. Although you cannot spend your remaining round £1 coins you can continue to deposit them in your bank account or donate them to a charity.

You can find out more about the end of the round pound coin and the security features of the new 12-sided £1 coin at www.thenewpoundcoin.com.  This includes responses to frequently asked questions about variances to the features of the new 12-sided £1 coin. 

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