Jeff Carr Managing Director of SCAN COIN Ltd says ‘After some thirty years in circulation, the announcement of a new One Pound coin is welcome news.
Recently counterfeits have entered circulation that are almost indistinguishable from the real coins. This has been a challenge for both SCAN COIN and our customers.
The design of new coins and coin recognition technology have advanced considerably in recent times. The introduction of improved security features in high value coins has resulted in better discrimination of counterfeits.
The present pound coin has lacked the necessary security deterrents for such a high value coin making it vulnerable to counterfeit. The new coin will provide the UK currency with an appropriate coin to ensure quality and security for the future.
SCAN COIN will work with our customers to ensure a smooth transition during the introduction of the new pound coin.’