Why you won’t be finding any 2016 £1 Coins in your change

If you’re holding out for 2016 to own the final circulating £1 coin you’ll be waiting in vain…

The final batch of round £1 coins intended for circulation have just come off the production line at the Royal Mint.  And the Royal Mint has confirmed that the only 2016 coins will be collector’s version of the £1 coin.

But what about the 2016 design?

Earlier this year the Royal Mint confirmed that 2016 will see the last ‘round pound’, calling time on a coin which was first issued more than thirty years ago.

The 2016 coin will be the 25th design to feature on the £1 coin since it was introduced in 1983 as a replacement for the less robust £1 note.

st 2016 royal arms c2a31 bu coin both sides1 - Why you won’t be finding any 2016 £1 Coins in your change

The Last Round £1 Coin will never enter general circulation.

The design, which features four animals representing each of the four constituent UK countries, will not be available in general circulation but is currently available in a brilliant uncirculated collector’s edition.

It is estimated that over 50 million £1 coins in circulation are fake and counterfeits are becoming a closer match, making it extremely difficult to spot the difference. The new 12-sided £1 will be made from 2 different metals and has been billed to become the most secure circulating coin in the world.

To find out more about the new 12-sided coin that will replace the round pound in March 2017 read our previous blog here.

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st 2016 royal arms c2a31 bu coin both sides1 - Why you won’t be finding any 2016 £1 Coins in your change

Britain’s last round pound

Own the Last ‘Round Pound’ in brilliant uncirculated condition

If you want to get your hands on the 2016 last ‘round pound’ they are available here protectively encapsulated in certified brilliant uncirculated condition

 

  1. Delboy on January 15, 2016 at 7:43 pm

    It should be made available only to registered users of Royal mint



  2. Graham Hill on January 8, 2016 at 4:45 pm

    Just the same as selling an annual coin set without all the new 50 pence coins, total rip off.



  3. Ed Leaver on December 23, 2015 at 9:01 pm

    Why is change checker selling the collector card for all eight new coins knowing that you can’t get the one pound coin to put in it?



    • Yasmin Britton on January 5, 2016 at 3:02 pm

      Hi Ed, unfortunately it was revealed the £1 coin would not be entering circulation after the ID cards were issued.



  4. Ed Leaver on December 23, 2015 at 8:53 pm

    Only available encapsulated and date stamped. £10 + £2.99 p+p. I agree , why mint it and not release it, seems pretty stupid to me.



  5. Ian on December 19, 2015 at 7:04 pm

    What is the point of designing and manufacturing a coin of the realm if it is not going into circulation?



  6. John Ship on December 19, 2015 at 3:52 pm

    Not happy.



  7. Geoffrey Manning on December 19, 2015 at 2:10 pm

    as always greedy #~?



  8. Michael/ on December 19, 2015 at 11:27 am

    It is absolutely disgusting and disgracefully that once again we are being cheated and asked to pay exorbitant prices considering the cost of manufacture is small. Please consider lowering the price so that everyone has the opportunity to purchase a coin which will no longer be available in the future. H



  9. PATRICK B KEEFE on December 18, 2015 at 7:32 pm

    2016 £1 will be as rare as the 2015 £2 coins



  10. Andy on December 18, 2015 at 6:55 pm

    It is absolutely ludicrous to expect people to pay 10 x the face value of a coin that hasn’t been minted for general circulation, it’s rarity could be the limited number struck for circulation, they mint commemorative coins of other denominations not for general circulation and don’t charge this much. I may have to decide on another hobby. This is just greed pure and simple 😡



  11. Kurt on December 18, 2015 at 3:38 pm

    This another money making idea from the mint.



  12. Trish Wood on December 18, 2015 at 1:54 pm

    All the negative comments, you could look at it another way, you have a chance of owning a rare £1coin for £12.99, no I don’t want to pay 12.99, but I will like it when my kids get to sell them for £50 or so in 10 years time, because no one can get hold of them because of there rarity. Surely thats why we collect coins because some are rare and some not so rare !!



  13. Julie on December 18, 2015 at 12:28 pm

    I agree… Why bother minting a £1 coin for 2016 if it’s not going into circulation? Yet you can pay 13 times its value (including p&p) if you want one!!! Eh??!! Don’t get it. At all..



  14. Anthony Wintle on December 18, 2015 at 12:05 pm

    I totally agree with David. Its the last round £1 coin, the main unit of British currency, a completely new design, and the general public are not allowed to get it for £1. Its a disgrace. Should there be a petition to get these new coins circulated?



  15. David on December 17, 2015 at 10:56 pm

    If it’s not going to be circulated I don’t class it as a true legal tender. It’s just anther RiyalMint rip off!



    • David Turton on December 18, 2015 at 8:48 pm

      I totally agree with you David, this “coin” is no more than a medallion.



  16. Pauline Edwards on December 17, 2015 at 4:25 pm

    How much for this please



    • Yasmin Britton on December 17, 2015 at 4:32 pm

      Hi Pauline, the encapsulated BU last ‘Round Pound’ is £10 (+p&p). You can click on the link in the blog if you would like to buy one.



      • Brad Throughout on December 18, 2015 at 1:16 pm

        Outrageous! I think we need a petition



      • Brad Throughout on December 18, 2015 at 1:16 pm

        Outrageous! We need a petition immediately



    • bo tree on December 18, 2015 at 2:42 pm

      £1 plus P&P if it is a £1