Combining cutting-edge technology and a bit of traditional British pomp and ceremony, the U.K.'s The Royal Mint revealed a prototype for a replacement £1 coin which it says would rapidly reduce the rate of counterfeit coins entering general circulation.
George Osborne, the country's finance minister, is set to announce the proposal when he delivers his latest budget at parliament on Wednesday morning. The idea is to replace the current coin - which has been in circulation since 1983 - with a new 12-sided coin. This would be based on an old "threepenny bit" in the U.K. which was a coin in circulation between 1937 to 1971.
(Read our live blog: UK budget: Latest news, reaction and analysis)