The new \u00a31 coin came into circulation as of yesterday, we took a look at five things you will need to know about the new currency.\r\n\r\n1.The new pound will be harder to counterfeit\r\n\r\nNot only is the coin twelve-sided but it has a special security feature. According to The Royal Mint one in every thirty \u00a31 coins is now a counterfeit. To battle this the new coin has \u201canticounterfeiting technology in the form of milled edges\u201d. The raised edge of the coin, or the rim, has been designed with milled edges to show that none of the metal has been cut or shaved off. It also has features including holograms and multiple, layered metals.\r\n\r\n2. From 6 October 2017 onward you will no longer need to accept the old coin\r\n\r\nFrom this point onward all coin handling equipment should be able to accept the new \u00a31 coin. You are under no obligation to accept the old \u00a31 coin and you should not distribute any. Most banks and the Post Office will still accept the round \u00a31 coin to be deposited.\r\n\r\n3. Vending machines and trolleys will need to be upgraded\r\n\r\nMany coin-based machines are yet to be upgraded, with Tesco currently overhauling their trolleys to accept both coins. If you have coin-based equipment you need to contact your supplier in order to upgrade to accept either both or just the new \u00a31 coin.\r\n\r\n4. Old pound coins\r\n\r\nYou should take any round \u00a31 coins to the bank before 15 October where possible. Most banks will exchange the money over if you need the cash.\r\n\r\n5. There is a hidden security feature\r\n\r\nAs well as holograms and other features, the new \u00a31 coin also has a special high security protective trait to prevent future counterfeiting.\r\n\r\nOfficials at the Royal Mint have not released any further details.