The ‘round pound,’ the ‘Maggie,’ or whatever you may want to call it, Britain’s round £1 coin has been replaced by a 12-sided coin meant to deter counterfeiters. Since the round coin has been declared redundant by the Bank of England the question remains: Why are about 145 million of the older coins still outstanding?
According to the British Royal Mint, a staggering one in 30 of the round version of the denomination were counterfeits when the newer 12-sided (dodecagonal) version was introduced on March 28, 2017. This statistic sounds even worse when you consider there were about 1