1 pound coins
Last Coins of the Queen feature Special Privy Mark
2022 is likely a year no collector will forget.
We’ve celebrated a Platinum Jubilee, mourned the loss of our Queen and welcomed a new monarch to the throne.
And, as ever, these extraordinary moments are retold through our UK coins.
Today, to commemorate Queen Elizabeth II’s incredible life and reign, an official UK Memorial coin set has been released. The coins feature the eight definitive coins from 2022, alongside the new Memorial 50p and £5 with the King’s portrait.
Last UK Coins of Queen Elizabeth II
Importantly, the definitive coins in this set will be the last in the UK to feature Her Majesty’s portrait.
What’s more, each definitive obverse design also features a special privy mark to show the Queen’s year of birth and year of passing – a never-before-seen feature for these coins, which is bound to add to their collectability.
Since Her Majesty’s passing, we’ve seen incredible demand for QE II coins. Both historic and new issues. Recent releases are continuously selling out at The Royal Mint and older issues are becoming increasingly scarce as the nation rushes to secure keepsakes and lasting tributes for the Queen.
And this set features the very last coins of Her Majesty Queen Elizabeth II, meaning rapid sell outs of the limited precious metal versions are absolutely on the cards…
The good news for collectors is that the Brilliant Uncirculated version of the set is unlimited.
However, The Royal Mint have announced that stock will only be available until the 31st December 2022, so the sales window is incredibly limited for those of you wanting to secure this set.
Appearing on our coins throughout her outstanding reign as our longest serving monarch, I’m sure you’ll agree that this set really is a touching tribute to Her Majesty. It’s a piece of history to treasure for generations to come.
Let us know in the comments below if you like the privy mark on the last Queen Elizabeth II coins.
Own the Last Coins of Her Majesty, with special privy mark, in Brilliant Uncirculated quality
You can own the 2022 Queen Elizabeth II Memorial Coin Set in Brilliant Uncirculated quality here >>
But, due to the limited sales window, you’ll need to act fast to make sure you don’t miss out.
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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£19bn in old UK banknotes and coins not cashed in!
£18.9bn worth of paper banknotes and round pounds remain in circulation, with over 113 million of these being £5 notes! Despite it being nearly five years since the paper £5 note lost its legal tender status*, it seems people are holding on them.
In fact, you might just have one in your pocket/wallet/down the back of the sofa right now!
Whilst the paper £10 and £5 notes have been withdrawn from circulation, the £20 and £50 paper banknotes will hold their legal tender status until 30 September 2022.
According to the Bank of England, 775 million paper banknotes remain in circulation:
- Paper £5 notes in circulation: 113 million
- Paper £10 notes in circulation: 73 million
- Paper £20 notes in circulation: 360 million
- Paper £50 notes in circulation: 209 million
That’s a lot of banknotes!
*Whilst the paper £5 and £20 notes are no longer legal tender, they will always be exchanged by the Bank of England for their face value.
There are also supposedly £105m of old round pound coins in circulation, according to the Royal Mint.
After more than 30 years in the nation’s pockets, the familiar round £1 coin was replaced with an all new, 12-sided £1 coin in 2017, in a bid to crack down on counterfeiting.
It lost its legal tender status at midnight on 15 October 2017 and the Royal Mint asked the public to return their round pounds as they phased in the new 12-sided coin.
However, out of 1.6 billion round pounds to be returned, about 1.45 million were counterfeits!
The UK’s 12-sided £1 coin is described by the Royal Mint as the ‘most secure in the world’, with a string of anti-counterfeiting details. Find out more about the security details of this coin here!
Round pounds can still be deposited at high street banks – but can no longer be spent in shops.
Have you held on to your round pounds or paper notes? Let us know in the comments below!
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