New 12-sided pound coin will be 'most secure in the world'

New £1 coin will help fight forgery but likely to cost £20m to change vending machines and trolleys

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THE new 12-sided £1 coin will be the hardest to fake in the world, but is likely to cost the economy up to £20m in vending machine and trolley modifications.

The Treasury has said the new coin will be introduced in 2017 amid concerns about the current £1 coin's vulnerability to counterfeiting.

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