€434m of UK £1 coins go missing

Nearly £300m (€434m) worth of £1 coins have gone missing since they were first put into circulation in Britain 20 years ago, research revealed today.

It is estimated that around £40,000 (€57,895) worth of pound coins disappear from circulation every day as people lose them or squirrel them away in piggy banks and jam jars, according to friendly society Liverpool Victoria.