Schoolboy wins competition to design new 1 pound coin

A 15-year-old boy in the UK has won a competition to design the tails side of the new 1 pound coin, the Royal Mint announced today.
David Pearce's entry was selected from over 6,000 entries, including adults, to design the face of the coin, which is being introduced because the current 1 pound has become vulnerable to counterfeiters.
The new design of the reverse side of the coin features four emblems which represent each of the nations of the United Kingdom the English rose, the leek for Wales, the Scottish thistle, and the shamrock for Northern Ireland emerging from a Royal Coronet, Telegraph reported.

The shape of the new coin which will be introduced in 2017, will no longer be round, but 12-sided.
"I spent a lot of time researching what coin designs looked like and what sort of designs would represent all parts of the UK before submitting my idea," said David.
"Designing the new 1 pound coin was a brilliant opportunity to leave a lasting legacy on what will be the most secure coin in circulation anywhere. The competition captured the imagination of thousands of people," said George Osborne a British Conservative Party politician.
The new 12-sided coin will be as secure as modern banknotes and will save taxpayers money by cutting down on millions of pounds worth of fraud, the Treasury said.

The coin will be of bi-metallic construction of two colours.