2017 One Pound

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One £1 coin has been issued so far for 2017 – The new 12 sided super-secure coin which will replace all of the millions of existing round pound coins in circulation by October 2017. The old coins will be phased out but are likely to be accepted by banks at face value for decades to come (just like other obsolete decimal coins currently are).

There is no need to panic buy the old style round pound coins, there are plenty to go round and they will always be available. See some musings regarding that, here.

 

Obverse Type 6 (bust design by (Mr) Jody Clark):

Reverse Type 26 (design by David Pearce):

Edge: Alternate milled and plain ‘sides’.

Mintage for Circulation: Not yet known, but is likely to be a huge amount. These seem to be appearing in circulation as of late May 2017.

Collectability/Scarcity: 1 (for scale details see here)

The story behind the design:

The reverse design by David Pearce represents the national floral symbols of the four countries that make up the United Kingdom.

The whole 12-sided £1 coin theme is in fact quite complicated, there being 6 different types of 2015/16/17 coins currently known! This post features a handy graphic overview: The six new £1 coin varieties

 

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