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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£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Whilst the paper £10 and £5 notes have been withdrawn from circulation, the £20 and £50 paper banknotes will hold their legal tender status until 30 September 2022.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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Sleigh bells ring, are you listening? Because a brand new Gibraltar 50p and £2 coin have just been released featuring none other than Father Christmas himself!
These very festive coins have been released by the Government of Gibraltar, making them particularly sought-after by collectors given the low mintage figures typical from the country!
You can secure this magical Christmas coin pair (the very best way to own these coins!) here for just £13.50 (+p&p).
Or, you can secure the single 50p to your collection for JUST £4.50 (+p&p) by clicking here.
Your brand new Gibraltar Christmas 50p & £2 Pair will come in Official Change Checker Packaging, ready to slot into your Change Checker Album!
With previous Gibraltar issues proving immensely popular with collectors, I expect these coins will be snapped up quickly by collectors (especially as we have just a small allocation for Change Checkers!)
A history of popular coins
Gibraltar has released some truly beautiful coins in recent years, and as their mintage figures are typically much lower than UK coins, they are often highly sought-after by collectors…
Coins from Crown dependencies, such as Gibraltar and overseas British territories can sometimes make an unexpected appearance in our change.
They are identical in size, shape and weight to UK denominations which means they often find their way into tills and vending machines undetected.
Whilst these coins aren’t technically legal tender in the UK, finding new and interesting designs is always a bonus!
So, whilst it may be tricky to find one in your change, Change Checker has listed our Top 10 Coins from Gibraltar that are worth trying to hunt down!
2019 Breast Cancer £2
Last year the Government of Gibraltar issued a new £2 coin in partnership with Breast Cancer Support Gibraltar.
However, only a limited number were released into circulation on the Isle of Gibraltar, making it one of the most popular coins of the year, but also one of the most difficult to source.
But not many collectors were aware of the secret this coin was hiding…
The Gibraltar Breast Cancer £2 features a special portrait of Queen Elizabeth II on the obverse. It was originally drawn by Raphael Maklouf for the Gibraltar 90th Birthday £5 coin issue but has also been used on a small selection of Gibraltar coinage.
This portrait is currently not in use by any other country in the world, making any Gibraltar coin with this portrait on extremely collectable!
A limited number of coins were available at The Westminster Collection, and they sold out within hours! Collectors were quick to search on the secondary market to find them and some prices reached over £40!
Gibraltar Candytuft Flowers 50p
This 50p features the denomination surrounded by a crown of Gibraltar Candytuft flowers, known as ‘Iberis Gibraltarica’.
Iberis Gibraltarica is the national flower of Gibraltar and is the symbol of the Upper Rock Nature Reserve which covers 40% of the country’s land area. Gibraltar is the only place in Europe where it is found growing in the wild!
In 1988, JUST 30,000 of these 50ps were issued for circulation, making it 7 times rarer than the UK’s rarest 50p and particularly scarce and sought after amongst collectors. Another key feature which makes this coin so collectable is that it was issued in the pre-1997 specifications, meaning it’s significantly larger than the current 50ps we find in our change!
Rock of Gibraltar £1
This £1 coin was issued for the 1995 National Day and for the 50th Anniversary of the UN.
National Day is celebrated annually on September 10th and is the official national day of Gibraltar.
The reverse features the iconic Rock of Gibraltar with birds and sun rays above, and the obverse features the Raphael David Maklouf engraving of Queen Elizabeth II.
This £1 is in the older round pound specifications, meaning they won’t appear in your UK change as the round pound lost its legal tender status in the UK in 2016, after the introduction of the 12-sided £1. This means it’s even harder to get your hands on this coin!
Neanderthal Skull £1
This £1 coin from Gibraltar was issued to celebrate the discovery of a Neanderthal skull in a quarry near the Rock of Gibraltar in 1848.
The Neanderthals in Gibraltar were some of the very first to ever be found and this particular skull is one of the oldest specimens known.
Designed by Philip Nathan, the reverse features the Neanderthal skull and lettering, “Discovery of Neanderthal skull in Gibraltar 1848”. The obverse was designed by Raphael Maklouf and features the crowned bust of Queen Elizabeth I.
Capture of Gibraltar 50p
This 50p was issued in Gibraltar in 2005 to commemorate the Capture of Gibraltar in 1704, during the war of the Spanish Succession.
As part of the Allied strategy, Sir George Rooke had been sent with an Anglo-Dutch force into the Mediterranean to attack the French in Toulon. However, when his objectives proved impracticable, Rooke decided to justify his command by attacking Gibraltar.
The coin features a design on the reverse of ancient ships at sea with the Rock of Gibraltar in the background, paying tribute to the Anglo-Dutch fleet that sailed into Gibraltar. The obverse features the third portrait of Her Majesty by Royal Mint engraver Raphael D. Maklouf.
So will Santa be visiting you this Christmas in the form of the Gibraltar 50p and £2 pair? Comment below!
Don’t miss your opportunity of owning this magical Christmas coin pair!
Due to the limited circulating mintages of these coins, we have just a small allocation for Change Checkers, so don’t miss the opportunity to secure yours this Christmas!
Secure the 2020 Gibraltar Christmas £2 and 50p pair today for JUST £13.50 (+p&p) by clicking here >>