The money was very unpopular because of its weight.
On March 3, 1719, the Swedish central banker who was blamed for the plate coinage was beheaded.
Last year former chancellor George Osborne claimed it was 'the most secure circulating coin anywhere in the world' developed 'with ground-breaking technology'.
A Royal Mint spokeswoman added: 'The Royal Mint produces around five billion coins each year, and will be striking 1.5bn new £1 coins in total.'As you would expect, we have tight quality controls in place, however variances will always occur in a small number of coins, particularly in the striking process, due to the high volumes and speed of production.' Bank of England officials were left red-faced today when it emerged that their sports centre lockers cannot take the new one pound coins.
I've not seen or heard any explanation for it.'But the only thing I've found on Google is the trial ones from last year with the warped silver, there's been nothing about this type.'The new £1 coins were first rolled out in March.