The announcement of a new 12-sided £1 coin came with George Osborne’s budget last year. Now, prior to his latest budget, the Chancellor has taken to Twitter to give us a glimpse of how the new coin will look.
A public competition was launched by the Royal Mint in September 2014 to find the new design, and the winner has now been revealed as fifteen-year-old David Pearce from Walsall.
His design was chosen from over 6,000 entries to the competition, and will first appear in our change when the new £1 coin is issued into circulation in 2017.
In his design, four floral emblems have been used to represent each of the constituent countries of the UK. A rose for England, a leek for Wales, a thistle for Scotland and a shamrock for Ireland.
It is a concept inspired by a £1 coin series of the past, but a nice symbolic touch in this updated version is the amalgamation of all four emblems into one stem intersecting the Royal crown.
Commenting on the new coin, George Osborne said; “The competition captured the imagination of thousands of people and David Pearce’s winning design will be recognised by millions in the years ahead”.
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