In a bid to reduce the number of fake coins in circulation, the Royal Mint is introducing a new 12-sided, bi-metallic, bi-colour £1 coin in 2017 that will incorporate the new anti-counterfeiting technology. The new coin will come at a considerable cost to operators using coin-operated lockers in their facilities. Most will have to upgrade or replace their coin-operated equipment.
"While the new coin is roughly the same diameter as the current coin, its shape, weight and thickness are different - all features that affect the extent of the upgrade required," exaplins Grant MacDonald, Managing Director of Kitlock, provider of digital access control solutions...read more
01, May 2016