Search

REVEALED: Here’s how much its costing Dartford and Gravesham’s car parks to get ready for the new £1 coins

PUBLISHED: 12:09 28 February 2017 | UPDATED: 12:09 28 February 2017

The new £1 coin

The new £1 coin

The new coin comes in next month

Councils have been forced to spend thousands of pounds to prepare for the introduction of a new £1 coin.

The new 12-sided coin, which enters circulation a month today, has been described as the “most secure coin in the world” by the Royal Mint.

The replacement has been introduced following fears that up to one in 30 current pound coins are counterfeit.

But despite being harder to forge, councils have been forced to delve into their own pockets to upgrade parking meters in preparation for the change.

Gravesham council will have to spend £8312 to upgrade the borough’s 42 parking meters.

Dartford Borough Council has the lesser spend at £6000.

Once the new coinage is introduced, the current pound coin will be cease to be legal tender in October.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad. Coronavirus is one of the greatest challenges our community has ever faced, but if we all play our part we will defeat it. We're here to serve as your advocate and trusted source of local information.

In these testing times, your support is more important than ever. Thank you.

Most Read

Comments have been disabled on this article.

Most Read

Latest from the Gravesend Reporter