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!

The Nations of the Crown £1 in hand.
The 2017 12-sided £1 coin.

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Whilst the paper £10 and £5 notes have been withdrawn from circulation, the £20 and £50 paper banknotes will hold their legal tender status until 30 September 2022.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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International Women’s Day! Remarkable Women Celebrated on UK Coins…

International Women’s Day (March 8) is a global day celebrating the social, economic, cultural, and political achievements of women.

To celebrate, in this blog we take a closer look at just some of the incredible women who have been commemorated on our UK coins!

Her Majesty, Queen Elizabeth II

Celebrating her Platinum Jubilee in 2022, Queen Elizabeth II is Britain’s longest reigning monarch and the fourth longest reigning monarch in worldwide history!

There have been some incredible coins celebrating Her Majesty, including the recently issued Platinum Jubilee 50p coin – the UK’s FIRST Royal 50p!

This 50p features a reverse design by agency Osborne Ross but, what’s particularly special about this coin is that TWO versions have actually been created…

One includes an obverse design by John Bergdahl featuring the Queen on horseback (pictured left) and the other includes Jody Clark’s obverse of the Queen’s portrait.

QEII is arguably the most loved and respected monarch our country has ever seen so it’s only right on the day we honour the achievements of women throughout history, that we dedicate a portion to Her Majesty.

Dame Vera Lynn

Coined as the ‘Forces Sweetheart’, singer Dame Vera Lynn rose to fame in 1940 with her wartime songs, White Cliffs of Dover, and We’ll Meet Again.

Vera Lynn spent time travelling the world, singing to soldiers who were fighting on front lines.

She risked her life to inspire others when they needed it most and provided comfort to those of wouldn’t survive to return home.

Sadly, in 2020, we received the news that Dame Vera Lynn had passed away. She touched the lives of so many, that Her Majesty the Queen sent a private message of condolence to Dame Vera’s family.

In 2022, The Royal Mint commemorated Dame Vera Lynn’s life and achievements with this brand new £2 coin. Featuring a portrait of the famous singer on the reverse, this £2 is the perfect tribute to one of the UK’s most inspirational women.

Mary Anning

Mary Anning was one of Britain’s greatest fossil hunters and her discoveries were some of the most important geological finds of all time.

Her discoveries of spectacular marine reptiles prompted the scientific community to begin further investigation into explanations for changes in the natural world.

In 2021, a new 50p series was issued to commemorate Anning by The Royal Mint.

These 50p coins, issued in collaboration with the Natural History Museum, feature designs of the Temnodontosaurus, Plesiosaurus and, Dimorphodon – all prehistoric giants discovered by Anning on the Jurassic Coast!

A truly inspiring woman, who pushed for her passion, making important historic discoveries and changes as a result.

Rosalind Franklin

English chemist, Rosalind Franklin sits right at the very heart of the story of DNA.

Her ground-breaking research and inspiring work ethic were central to the discovery of the helical structure of DNA, which was later publicised by Watson and Crick.

Tragically, at the age of just 37, Franklin passed away from ovarian cancer, robbing her of the same awards and recognitions that her colleagues were gifted.

But in 2020, to celebrate what would have been her 100th birthday, she also became the second scientist to be celebrated in The Royal Mint’s Innovation in Science series.

The reverse design of this coin, by David Knapton, features a depiction of her famous Photograph 51, which enabled her to discover the structure of DNA in her laboratory in Cambridge.

Agatha Christie

After the end of the First World War, Christie published her first novel The Mysterious Affair at Styles

This incredibly popular story introduced readers to one of Christie’s most famous characters – Belgian detective Hercule Poirot*.

Writing well into her later years, Christie wrote more than 70 detective novels as well as short fiction which have been adapted into films, television, and radio programmes.

In 1971, she was made a Dame of the British Empire for her outstanding contribution to Literature.

In 2020, to mark 100 years since her first publication, The Royal Mint celebrated the world’s best-selling novelist with a £2 coin.

David Lawrence’s design of this coin pays homage to Christie’s crime novels, with a piece of a jigsaw slotting into place and her signature at the bottom.


There really have been some incredible women celebrated on our UK coins, and this is just a small selection.

Is there an influential women you’d like to see on our coins in the future? Let us know in the comments below!


Never miss a UK coin issue!

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Don’t miss your chance to get ahead of the crowd and be one of the very first collectors to receive the latest UK new issue coins as soon as possible after their release.