The New One Pound Coin

05/01/2017 14:33  |  General

The 28th of March 2017 will be a key date for numismatists everywhere, for on this day the round pound as we know it will be replaced by a new 12-sided coin, complete with a stunning new floral emblem design and state-of-the-art security features.

First issued in 1983, the £1 coin was released as a replacement for the old pound note, and has since been officially produced over 2.2 billion times. Regardless of its secure production process however, recent reports showed that 1 in 30 £1 coins have been manipulated by counterfeiters. The discovery raised a number of concerns, and encouraged plans for a new £1 piece to be designed that would be virtually impossible to replicate - and it seems as though they’ve found the winning formula.

Fitting the brief perfectly, the new pound coin now has a bimetallic structure and a special hologram which will flash a ‘£’ symbol and a ‘1’, when held at different angles, making it much harder to copy. It also includes micro lettering around the rim, alternate milled edges, and is thinner, lighter, and larger than our current £1 piece.

These aren’t the only changes, however. Its unique new reverse design has been created by David Pearce, and features the four floral emblems of the United Kingdom held together inside a Royal coronet. Chosen amongst thousands of entries as part of a nationwide competition, his beautiful design is accompanied by Jody Clark’s fifth definitive portrait of the monarch, Her Majesty Queen Elizabeth II, which appears on the obverse.

The new £1 coin will be released on 28 March 2017, and the round pound will cease circulation on 28th October.

Look out for this exciting new change coming soon!

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