New £1 coin design to enter circulation!
A brand new £1 coin is set to enter circulation, marking the 40th anniversary of it’s introduction!
Chancellor Rishi Sunak has announced that artist Michael Armitage will design the new coin.
It’s believed the coin’s design will celebrate the culture, creativity, and heritage and history of the UK in the 21st century.
Speaking at a Royal College of Art’s (RCA) reception, Mr Sunak said: “I am delighted that Michael will lend his vision to the creation of this new £1 coin design in its 40th anniversary year. This coin will symbolise the rich tapestry of modern Britain and honour our deep heritage and history.”
Michael Armitage was earlier this year elected as a Royal Academician in the category of painting by the Royal Academy of Arts, London – meaning we’re sure to see a fantastic design on this brand new coin!
This will be the the first new £1 design since 2017 and Armitage said it will “combine our 1,100 years of craftsmanship with cutting-edge design to champion modern Britain.”
The 12-sided £1 coin has been in circulation since its introduction in 2016, having replaced the familiar round pound coins. It’s aim was to be the most secure coin yet.
This brand new design will become the standard circulating £1 coin* and will include the current “world-leading” high-security features to protect against counterfeiting, the Treasury said.
We can’t wait to see the design of this brand new coin and to start searching for it in our change! Let us know in the comments below if you’re excited to find this new coin!
*The new coin will enter circulation in 2023, marking the 40th anniversary of the modern £1 coin.
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Yes this maybe a welcomed change that these coins are going into circulation, but let’s hope that they go through the banks and not the post offices.
Seems very odd that the queens jubilee 50p is rarer than the Kew Gardens 50p to find. Ssying that as long as you don’t look at ebay and the over inflated and scandalous prices being asked. Especially when they where only to be given out has change not bags.
I’m looking forward to it as it mark my 40th birthday and I will definitely get a silver proof if they make one
I’m looking forward to it as it mark my 40th birthday and I will definitely get a silver proof if they make one
Looking forward to this new design another one to add to my collection
Hi Change Checkers it will be refreshing to have a new £1 coin to look out for loved the old £1 coins as there was so many designs and dates to keep you focused. Thanks for the update and it was nice meeting you in Glasgow ????????
Hi,
I can’t wait the new £1 coin to come out. I love collecting new design from 1p’s to £2 especially the 50p’s. I will be hunting this coins at my work once it’s out ???.
Happy hunting!
Nice coin but no one seems to know about the new nalance of this currency. Compare the value is this coin to the old currency and you should find out you are getting robbed of 140 pennies in every pound with the value of the old currency was 240 pennies in the pound. I don’t know about new designs but where is the old balance of this pound???? I’ve also worked out the true value of todaye pound at being worth just 42 pennies with the pennies and shillings.
I’m just happy it is going into circulation. I am totally fed up of new coins coming out only to be told they are for sale only and will never be in my change in order to check.
Wow. It’s time for a new design of the one pound in circulation. Any idea when it’s going to be in circulation. Are we likely to see the design.
Hi Shailesh,
At the moment, the Treasury have said it’ll be issued into circulation in 2023. We’ll keep Change Checkers updated as soon as we hear of an official date.
Thanks,
Alex
2023 as stated in the blog
HI
LOOK FORWARD TO NEW POUND COIN, WHILE ON I HAVE NOT BEEN ABLE TO CONTACT YOU VIA E MAIL WITH A REQUEST CONCERNING A £2 COIN I CANNOT SHOW IT BECAUSE I DON’T KNOW HOW, SO
IT’S THE 2016 £2 COIN BELFAST, IT HAS THE 4th HEAD FROSTED MIDDLE SECTIONS BOTH SIDES BUT HAS NO WORDING ON THE EDGE PLUS NO GROOVES, WHAT DO YOU THINK,
IT SEEMS TO GOOD FOR A FORGERY, I READ THAT SOME £2 WERE ISSUED ON THE BELFAST COULD THIS BE ONE OF THEM
REGARDS MEMBER
J HARDING A/C HA/93682
Hi there,
Without seeing the coin, it’s quite hard to judge. However, we have a blog for this coin as there are some telltale signs if you’ve got yourself a rare Royal Navy £2: https://www.changechecker.org/2016/12/15/is-there-an-even-rarer-version-of-the-navy-2-in-circulation/
Thanks,
Alex
I’ve been collecting for over three years , it would be well anticipated, and would be amazing if they had a number of designs issued , to put some fun back in to collecting , as the old round pound designs were exiting and educational, nothing wrong with the current design , the only problem is there is only one design, looking forward to finding my first new £1 coin
Ile ave an un cerculated one when you can get them ? please
I very much look forward to adding this new coin into my collection. It has been a while since we had a new £1 coin .
Hi Checkers, well good news, another new coin! Got excited that it may be start of various designs like the round pounds. So slightly disappointed a generic new version. Happy hunting in 2023! ?