£1 Coins
The New 12-sided £1 Coin: All the facts
It has been confirmed that the new 12-sided £1 coin will enter circulation in less than 12 weeks time.
28th March 2017 is sure to become a historic day as we welcome the new coin which has been billed to become the most secure circulating coin in the world.
This will be the first specification change to our £1 coin in more than 3 decades, since the pound was first introduced in 1983.
What’s new?
Formally named ‘The Nations of the Crown 2017 UK £1‘ the coin was designed by 15-year-old David Pearce following a public competition in 2015. The new design is made up of the English rose, the Welsh leek, the Scottish thistle and the Northern Irish shamrock emerging from one stem within a royal coronet to represent the four constituent countries of the United Kingdom.
Important dates:
28th March 2017: The new 12-sided £1 coin will enter circulation. It may take a little while for people to start seeing it in their change as it gradually filters into general use.
28th March – 15th October 2017: During these six months the co-circulation period will take place. You will be able to use both coins as normal in this time in preparation for demonetisation.
16th October 2017: The Round £1 will cease to be legal tender from this day onwards.
We’re really looking forward to finding them in our change when they’re released in 83 days time. And remember, pound coins with the 2017 date are likely to be more sought after – especially in good condition or uncirculated.
Be one of the FIRST people to own the new £1 Coin.
Today you can own all 13 of the United Kingdom’s 2017 coins including the brand new ‘Nations of the Crown’ 12-sided £1 within the latest annual coin pack.
Now on the production line in Wales – the 12-sided £1 coin
More details have emerged about the 12-sided £1 coin which is due to enter circulation in March 2017.
The new £1 coins have gone into production today – a whole year before they are due to be released.
New £1 Coin will enter circulation during 2017#pound2016 #kprs #tweetuk #bizitalk #uksopro https://t.co/9zY8XumeyN pic.twitter.com/SVZeklqtl7
— Crossbrook Insurance (@crossbrookuk) March 31, 2016
The new 12-sided £1 coin will be made from 2 different metals and has been billed to become the most secure circulating coin in the world.
“With ground-breaking technology, developed in Wales, the new coin will help secure our economy and get rid of counterfeits.” George Osborne on the 2017 £1 coin.
The release of this new coin will come as a relief to many as there are 45 million pounds worth of fake pound coins in circulation as three pound coins in every 100 have been found to be fake.
The new design by 16 year old student David Pearce from Walsall, will feature four emblems that represent the UK – a rose, a thistle, a leek and a shamrock emerging from a royal coronet.
We’re really looking forward to finding them in our change when they come out, and remember, you can collect them with www.changechecker.org
Own a truly vintage British coin – the George VI Thrup’nny Bit
If you would like to add one to your collection for just £3.50, they’re available now! Click here
Why you won’t be finding any 2016 £1 Coins in your change
If you’re holding out for 2016 to own the final circulating £1 coin you’ll be waiting in vain…
The final batch of round £1 coins intended for circulation have just come off the production line at the Royal Mint. And the Royal Mint has confirmed that the only 2016 coins will be collector’s version of the £1 coin.
But what about the 2016 design?
Earlier this year the Royal Mint confirmed that 2016 will see the last ‘round pound’, calling time on a coin which was first issued more than thirty years ago.
The 2016 coin will be the 25th design to feature on the £1 coin since it was introduced in 1983 as a replacement for the less robust £1 note.
The Last Round £1 Coin will never enter general circulation.
The design, which features four animals representing each of the four constituent UK countries, will not be available in general circulation but is currently available in a brilliant uncirculated collector’s edition.
It is estimated that over 50 million £1 coins in circulation are fake and counterfeits are becoming a closer match, making it extremely difficult to spot the difference. The new 12-sided £1 will be made from 2 different metals and has been billed to become the most secure circulating coin in the world.
To find out more about the new 12-sided coin that will replace the round pound in March 2017 read our previous blog here.
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Britain’s last round pound
Own the Last ‘Round Pound’ in brilliant uncirculated condition
If you want to get your hands on the 2016 last ‘round pound’ they are available here protectively encapsulated in certified brilliant uncirculated condition