Pound Coin
The British one pound (£1) coin is a circulating denomination of the Pound Sterling. The coin was introduced in 1983 to replace the Bank of England one pound note which ceased to be issued at the end of 1984. The original coin was round and was made of nickel-brass. A large number of reverse designs were issued in this format until it was discontinued in 2016, and its legal tender status withdrawn at midnight on Sunday 15th October 2017.
The new 12-sided £1 coin was introduced into circulation in the United Kingdom on 28th March 2017, with coins minted earlier and dated 2016.
One Pound Coin Values
The coin has a 12-edged shape, similar to the pre-decimal brass threepence coin; it has roughly the same size as the previous £1 coin, and is bi-metallic like most £2 coins. Bimetallic means it is made of two metals - the outer ring is gold coloured (nickel-brass) and the inner ring is silver coloured (nickel-plated non-ferrous alloy).
A security feature is a 'latent image' - something like a hologram that changes from a '£' symbol to the number '1' when the coin is seen from different angles. Another security feature is micro-lettering - very small lettering on the lower inside rim on both sides of the coin, 'ONE POUND' on the obverse (“heads”) side and the year of production on the reverse side, for example '2016', '2017' etc.
The new design is intended to make counterfeiting (which affected the earlier type significantly) more difficult, and also has an undisclosed hidden security feature called 'iSIS' (Integrated Secure Identification Systems), thought to be a code embedded in the top layer of metal on the obverse of the coin, visible only under a specific wavelength of ultraviolet light.
Get the best deals for one pound coin 1985 at eBay.com. We have a great online selection at the lowest prices with Fast & Free shipping on many items! The British one pound (£1) coin is a denomination of the pound sterling.Its obverse bears the Latin engraving ELIZABETH II D G REG ('Dei Gratia Regina') F D (Fidei defensor) meaning, 'Elizabeth II, by the grace of God, Queen, Defender of the Faith'. Jan 17, 2018 ROUND pound coins are now past their expiry date, so fingers crossed you don't still have any lying around your home. The new pound coin has been hailed as the most secure in the world.
Pound Coin Holder
- An estimated 131 million old round £1 coins have yet to be returned to the Royal Mint, nearly three years after they were withdrawn from circulation. The “most secure” 12-sided £1 coin entered circulation in March 2017, while the old round £1 coin lost its legal tender status in October 2017.
- A £1 coin was called a Sovereign and was made of gold. A paper pound often was called a quid. More than a pound (£) 1 guinea and a £5.0.0 note. 1 guinea = £1-1s-0d ( £1/1/- ) = one pound and one shilling = 21 shillings or 21/- (which is £1.05 in todays money) 1 guinea could be written as '1g' or '1gn'.
Coins issued in 2020 have now been circulating for only one year.