New one pound coin released into circulation

The new pound coin, described as the most secure in the world, is being introduced to combat counterfeiting. It features advanced security elements like micro-lettering and a holographic image. However, this change poses significant challenges for businesses, especially those with vending machines, as they face high conversion costs. The transition affects not only vending machines but also parking meters and shopping trolleys. Despite these challenges, the Treasury claims the process has been smooth, with businesses adapting well. The old coin will remain legal tender until October 15th.

What features make the new pound coin described as the most secure in the world?

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What challenges are faced by vending machine operators in converting to the new pound coin?

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What are some of the costs associated with converting machines to accept the new pound coin?

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How has the Treasury described the process of transitioning to the new pound coin?

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What is the deadline for the old pound coin to remain legal tender?

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