A new 12-sided one pound coin will replace the current one in 2017 and it should be much more difficult to forge.
A raft of new coins for 2014 that commemorate British anniversaries including the centenary of the First World War have been produced.
A wide range of commemorative coins are being struck - from the rare kilo coin to the £5 silver which will be more readily available.
The Royal Mint in Llantrisant is striking a limited number of coins from the cargo of a British merchant ship - more than 70 years after it was originally meant to be delivered.
The SS Gairsoppa was carrying silver bullion bars over from India when it was torpedoed by a German U-boat in 1941. The ship and its cargo were eventually found 300 miles off the Irish coast in 2011. Dean Thomas reports.
The Royal Mint in Llantrisant is striking a set of silver coins from the bullion recovered from a merchant ship that sank during the Second World War.
British steam merchant ship SS Gairsoppa was torpedoed by a German U-boat in February 1941 off the coast of Ireland, whilst it was carrying a large shipment of silver bullion bars from India, destined for the Royal Mint.
The ship and its cargo were located in September 2011, and the silver bullion recovered by marine exploration company Odyssey Marine Exploration.
The bullion was three miles underwater - which they say made it the largest and deepest recovery of precious metal from a shipwreck in history.
Shane Bissett from the Royal Mint said: "The traditional Britannia coin design is the perfect image for the coins struck from SS Gairsoppa's long-lost cargo. We are so pleased to be able to bring these coins to the market at long last, albeit more than 70 years later than expected."
The Government has announced that a new 12-sided £1 coin will come into circulation in 2017, which the Treasury says will be "the most secure coin in circulation in the world."
The new coin will be made at the Royal Mint in Llantrisant.
We are thrilled to have the opportunity to support Her Majesty’s Treasury and work on such an exciting project, which could potentially change the way that coins are made in the future. The current £1 coin design is now more than thirty years old and it has become increasingly vulnerable to counterfeiting over time. It is our aim to identify and produce a pioneering new coin which helps to reduce the opportunities for counterfeiting, helping to boost public confidence in the UK’s circulating coins.
The Royal Mint works closely with HM Treasury, the National Crime Agency and the cash-handling industry who are committed to maintaining the integrity of the UK’s currency and exploring ways in which counterfeiting can be combated. Together we ensure that every effort is made to maximise opportunities to identify and withdraw counterfeit coins from circulation.
– Adam Lawrence, Chief Executive of The Royal Mint
We are very proud to be recognised nationally in terms of providing innovative solutions on an international scale. We are already known as the world’s leading export mint, but iSIS confirms our place as leaders within our industry, as we continue to expand the boundaries of minting technology.
New coins made at the Royal Mint in Llantrisant go into circulation today.
They include a new £2 coin to commemorate 100 years since the outbreak of the First World War and a 50 pence coin to celebrate the Commonweath Games, which takes place in Glasgow later in the year.
The Royal Mint in Llantrisant has unveiled its new coins for 2014. From tomorrow, there'll be a new £2 coin commemorating the outbreak of the First World War, and a new 50p coin celebrating the upcoming Commonwealth Games in Glasgow. Hannah Thomas has been to see them in production.
Dr Kevin Clancy of the Royal Mint Museum talks to ITV Cymru Wales about the ideas behind the First World War coin and the relevance of commemorative coins in Britain today.
A new £2 coin to commemorate 100 years since the outbreak of the First World War will go into circulation from tomorrow.
A 50 pence coin has also been created looking ahead to next year's Commonwealth Games in Glasgow.
They were made at the Royal Mint in Llantrisant.
The Royal Mint in Llantrisant has created the first ever christening coin in the UK to mark Prince George's baptism later this month. A limited edition gold kilo coin could be yours for a staggering 50 thousand pounds.
Or, thankfully, there's a more affordable gold or silver £5 coin - a mere snip at 13 pounds. The Mint has already received thousands of pre-orders for the Baroque designed coin from within the UK and around the world, as Dean Thomas reports.