The British Treasury, along with Chancellor Philip Hammond, have hinted that the new 12-sided pound coin introduced into circulation in the United Kingdom in March 2017 may now be minted for the British Overseas Territories. This additional information follows the announcement by the treasury of Guernsey in October 2017 that more than £500,000 worth of Guernsey pound coins will be withdrawn from circulation in favour of circulating the new British one-pound coin
