There Is A New £1 Coin And The Reaction Is Decidedly Divided

    It looks a bit like the euro and a nasty plate from the 1980s.

    Richard James
    by Richard James

    BuzzFeed News Reporter, UK

    A new £1 coin is being introduced in 2017.

    Via royalmint.com

    The 12-sided coin is based on the old threepenny bit, which was in circulation between 1937 and 1971.

    Chancellor George Osborne will announce the new coin in his Budget speech later.

    Via royalmint.com

    The new £1 coin is being introduced to counter the estimated 45million forgeries currently in circulation.

    George Osborne @George_Osborne

    Today I will deliver a Budget for a resilient economy - starting with a resilient pound coin

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    The reaction hasn't been overwhelmingly positive so far...

    Michael Moran @TheMichaelMoran

    My proposed design for the new ਱ coin. At least it'd be some USE this way.

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    The DM Reporter @DMReporter

    MINTED: New ਱ coin design set to represent the government as it has 12 sides (Eric Pickles) and 2 faces (George Osborne).

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    Channel 4 News @Channel4News

    If a euro and a threepenny bit had a child it would look like... the new ਱ coin. http://t.co/SwiAOPPuzh #c4news

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    Ellie Cumbo @EllieCumbo

    I've considered the new ਱ coin and realised what it looks like to me: an irrelevant distraction. Also a nasty plate my mum had in the 80s.

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    mirrors and stuff @mirrorsandstuff

    "Any news on whether the 45p rate will ... SHINY COIN PRETTY PICTURE FUNNY SHAPE SHINY"

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    Alistair Coleman @scaryduck

    Hey everybody! I've seen the other side of the new pound coin

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