Since yesterday, there have been reports the new British £1 coin and how similar it looks to the Singaporean S$1 coin. If you haven’t seen the latest British £1 coin yet, here’s a first look at it.
Singapore S$1 coin
British £1 coin
Looks wise, the size and the shape is pretty similar – just the fact that the British coin has 12 sides, and that the shade of gold on the coin looks a little more yellowish. Okay, and not forgetting the embossing on the coin.
12-sided coin can help reduce fraud
It was also reported that the distinctive features of the 12-sided British coin introduced can help to reduce fraud in the country. Here’s why.
The 12 sided coin makes it easier to identify it from the counterfeit coins by touch. The British £1 coin is also made from 2 different types of metal – the gold outer ring made of nickel-brass and the silver-coloured inner ring made of nickel plated aloy – making it more difficult to counterfeit.
There’s even a hidden high-security feature that is built in the coin to protect it from counterfeiting in the future!
It’s definitely something that has been created with a lot of consideration. Maybe Singapore can adopt this next?
Featured image:http://www.mirror.co.uk/all-about/new-pound-coin
This article was first published on www.goodyfeed.com
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