Posts Tagged ‘Pound’
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.
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app
Your Guide to Britain’s Round Pounds!
The first UK £1 coin was issued in 1983 to replace the £1 banknote, which only lasted a few months in circulation! The £1 coin quickly became a hit with collectors, with everyone trying to hunt down the different designs…
£1 coins were initially issued in recurring five year programmes including series of designs representing the UK and the home nations.
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 and it lost its legal tender status at midnight on 15 October 2017.
Despite this, some round pounds remain incredibly popular with collectors, due to their designs and their low mintages!
In this blog, we guide you through all of the round pound designs over the years…
Royal Coat of Arms
The first £1 coin design features the Royal Coat of Arms designed by Eric Sewell, a chief engraver at the Royal Mint. It also features the edge Inscription: DECUS ET TUTAMEN.
This coin was issued in 1983, 1993, 2003, 2008 and has a circulating mintage of 623,304,510.
Floral Emblems
The first reverse design series of £1 coins took floral emblems as its theme to represent the United Kingdom and its four constituent countries.
They were designed by Leslie Durbin – one of the most highly-regarded silversmiths of the 20th Century.
This series (pictured left to right) featured designs of a Scottish Thistle (1984 & 1989), Welsh Leek (1985 & 1990), Northern Ireland Flax (1986 & 1991), and the English Oak Tree (1987, 1992).
Of these coins, the Northern Ireland Flax has the lowest circulating mintage of 48,853,076.
1988 Royal Coat of Arms Crowned Shield
For the 6th year of the £1 coin, a Royal Coat of Arms design was introduced.
The first Royal Arms of England are attributed to King Richard I whose crest depicted three gold lions. Since then, the Coat of Arms has been adapted over centuries, and the reverse design of this coin displays the most modern version.
All coins dated 1988 feature this design, and 1988 was the only year it was used, making its mintage particularly low (just 7,118,825 were issued!)
Heraldic Emblems
The second series of £1 coin designs, by Norman Sillman used heraldic emblems to represent the United Kingdom and its four constituent countries.
From left to right, the series includes the Scottish Lion Rampant (1994), Welsh Dragon Passant (1995 & 2000), Northern Ireland Celtic Cross (1996 & 2001), and English Three Lions (1997, 2002).
The Scottish Lion Rampant has the lowest mintage in this series of £1 coins, with 29,752,525 entering circulation.
Bridges
The third series of £1 coin designs depicts bridges from each of the four constituent countries in the United Kingdom.
These coins were designed by Edwina Ellis (who later went on to design the incredibly popular 2019 Stephen Hawking 50p!) Pictured left to right, this series included the Scottish Forth Railway Bridge (2004), the Welsh Menai Bridge (2005), the Northern Ireland Egyptian Railway (2006), and the English Millennium Bridge (2007).
The English Millennium Bridge round pound has the lowest mintage of this series, with 26,180,160 entering circulation.
Royal Arms Shield
In 2008 a new reverse design for the £1 was issued featuring the Royal Shield of Arms – designed by Matthew Dent.
The edge inscription in Latin reads DECUS ET TUTAMEN which translates as; An Ornament and a Safeguard. This dates back to the first machine struck coins minted in 1662 and refers to the inscription itself which was intended to prevent people scraping valuable metal off the edge of the coin – a process known as ‘clipping’.
This coin was issued for eight consecutive years from its introduction in 2008.
This coin has a circulating mintage of 311,663,630.
Capital Cities
The fourth series of £1 coins used the capital cities of the four constituent countries as the basis of the reverse design.
They were designed by Stuart Devlin, who was also the Goldsmith and Jeweller to the Queen!
The designs of these coins (pictured left to right) feature Belfast City (2010), London City (2010), Cardiff City (2011) and Edinburgh City (2011).
These round pounds have lower mintages than any previous series, with the Edinburgh City £1 having a circulating mintage of JUST 935,000! The Cardiff City £1 is close behind with a mintage of 1,615,000.
Floral Emblem Pairs
The fifth series of £1 coin designs uses pairs of floral emblems, designed by Timothy Noad to represent the United Kingdom and its four constituent countries.
The coins in this series featured designs of (pictured left to right) English Rose and Oak Branch (2013), Welsh Daffodil and Leek (2013), Scottish Thistle and Bluebell (2014), and Northern Ireland Flax and Shamrock (2014).
The coin in this series with the lowest mintage is the Scottish Thistle and Bluebell, with 5,185,000 entering circulation.
The Floral Emblem Pairs were to be the last round pound series, with the final two round pounds being issued independent of each other.
2015 Royal Coat of Arms
In 2015 the Royal Mint revealed a new design for the Royal Arms £1 coin.
Timothy Noad’s contemporary adaptation of the traditional Royal Arms design is one of last commemorative designs to feature on the pound coin, as the newly shaped coin entered circulation in 2017.
This coin has a circulating mintage of 129,616,985.
2016 The Last Round Pound
This 2016 £1 coin is the final ‘round pound’ issued by the Royal Mint, calling time on a coin which was first issued more than thirty years ago.
The reverse design features the animals that represent each of the four constituent UK countries and was designed by Gregory Cameron.
This coin did not enter general circulation and is only available to buy in a Brilliant Uncirculated quality.
So hopefully our guide to Britain’s round pounds will help you along the way to expanding your collection!
What’s most exciting about these coins is that they’re not used in circulation anymore, which makes them particularly sought-after by collectors!
Do you have any of these coins in your collection already? Let us know in the comments below!
Secure the UK Royal Arms Shield Circulation £1 with FREE p&p!
Now’s the time to start your 12 sided £1 coin collection…
It’s been confirmed that 2018 dated £1 coins have now been released into circulation and Change Checkers are eagerly waiting for them to turn up in their change.
As of yet, the number of 2018 £1 coins in circulation is unknown and so we expect collectors to be keeping a close look out for these coins so that they can add them to their one pound collection!
The round pounds were a part of our lives for 33 years but on the 15th October 2017, the coins were withdrawn from circulation forever. Just before their withdrawal, collectors joined the biggest race of its kind ever held – The Great One Pound Coin Race.
In an effort to complete their collections, change checkers were searching old coat pockets, smashing piggy banks and checking down the back of the sofa to see if they could be the lucky owner of some of the rarest coins – including the Scotland Edinburgh City £1, which tops our £1 Scarcity Index.
12 sided £1 collection
Now that the 2018 dated 12 sided £1 coin has entered circulation, we think that it’s the perfect time to start building up your collection of 12 sided £1 coins to be sure that you don’t miss any from your collection.
The Nations of the Crown £1 design was chosen from a public competition, with the winning artwork being created by 15-year-old David Pearce featuring a rose, leek, thistle and shamrock bound by a crown. Although we do expect future commemorative designs on £1 coins, for now the coins issued only feature the definitive ‘nations of the crown’ design.
We know that of the 1.5 billion 12 sided £1 coins struck to replace the old round pound in 2017, roughly half a billion were dated 2016 and collectors will be keen to secure themselves a 2016 dated £1 coin to start their collection, which can now also include 2017 and 2018 dated coins.
What about the errors?
When these coins were first released, there were many stories from people claiming that they had found an error coin worth thousands. In reality, with such a high number of £1 coins being minted in 2017, there were bound to be variations in the design and quality of striking which you can find out about here.
However, the confirmed dual dated £1 error coin would certainly be one to look out for, with one such coin being valued at £3,000!
The Dual-Dated £1 feature the dates 2016 on the obverse and 2017 on the reverse
Have you been one of the first few to find a 2018 dated £1 coin in your change and will you be holding onto it for your 12 sided £1 coin collection? Let us know in the comments below and don’t forget to keep checking your change to see if you can spot the new 2018 pound.
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app