DUBAI: British expats are being warned to spend any old-fashioned round £1 coins they have before they become obsolete and lose their monetary value.
The coins are being replaced with a new unique shape and design that was introduced by the Royal Mint to help tackle counterfeiters.
The old coins will be made obsolete on Oct. 15 and shops in Britain will have the right to refuse them.
After the cutoff date only banks and Post Offices will accept the original coins.
The Exchequer Secretary to the Treasury, Andrew Jones said: “We are urging the public to spend, bank or donate their old pound coins and asking businesses who are yet to do so, to update their systems before the old coin ceases to be legal tender.”
The BBC had previously reported that one-in-40 of the old-style coins were believed to be fake.
The new design is claimed to be the “most secure coin in the world.”
The coins include a series of special security features including a hologram, micro-lettering inside both rims and material which can be detected when scanned by coin-counting or payment machines.
British expats told to spend old £1 coins before they are obsolete
British expats told to spend old £1 coins before they are obsolete
Cambodia takes back looted historic artifacts handled by British art dealer
- The objects were returned under a 2020 agreement between the Ministry of Culture and Fine Arts and the family of the late Douglas Latchford, a British art collector and dealer who allegedly had the items smuggled out of Cambodia
PHNOM PENH, Cambodia: Cambodian officials on Friday received more than six dozen historic artifacts described as part of the country’s cultural heritage that had been looted during decades of war and instability.
At a ceremony attended by Deputy Prime Minister Hun Many, the 74 items were unveiled at the National Museum in Phnom Penh after their repatriation from the United Kingdom.
The objects were returned under a 2020 agreement between the Ministry of Culture and Fine Arts and the family of the late Douglas Latchford, a British art collector and dealer who allegedly had the items smuggled out of Cambodia.
“This substantial restitution represents one of the most important returns of Khmer cultural heritage in recent years, following major repatriations in 2021 and 2023 from the same collection,” the Culture Ministry said in a statement. “It marks a significant step forward in Cambodia’s continued efforts to recover, preserve, and restore its ancestral legacy for future generations.”
The artifacts were described as dating from the pre-Angkorian period through the height of the Angkor Empire, including “monumental sandstone sculptures, refined bronze works, and significant ritual objects.” The Angkor Empire, which extended from the ninth to the 15th century, is best known for the Angkor Wat archaeological site, the nation’s biggest tourist attraction.
Latchford was a prominent antiquities dealer who allegedly orchestrated an operation to sell looted Cambodian sculptures on the international market.
From 1970 to the 1980s, during Cambodia’s civil wars and the communist Khmer Rouge ‘s brutal reign, organized looting networks sent artifacts to Latchford, who then sold them to Western collectors, dealers, and institutions. These pieces were often physically damaged, having been pried off temple walls or other structures by the looters.
Latchford was indicted in a New York federal court in 2019 on charges including wire fraud and conspiracy. He died in 2020, aged 88, before he could be extradited to face charges.
Cambodia, like neighboring Thailand, has benefited from a trend in recent decades involving the repatriation of art and archaeological treasures. These include ancient Asian artworks as well as pieces lost or stolen during turmoil in places such as Syria, Iraq and Nazi-occupied Europe. New York’s Metropolitan Museum of Art is one of the prominent institutions that has been returning illegally smuggled art, including to Cambodia.
“The ancient artifacts created and preserved by our ancestors are now being returned to Cambodia, bringing warmth and joy, following the country’s return to peace,” said Hun Many, who is the younger brother of Prime Minister Hun Manet.
