2016-06-06 Mon

£1 coin sterling was first introduced in Tudor times, 1489, when Henry VII wanted to produce new money made of gold. It was back then, the largest coin of England. On 21st April 1983, the modern £1 coin entered circulation as the older version was not considered equal to the task of circulation.

It’s time now for the last round £1 coin to be introduced which would feature the traditional Royal Arms. Gold, silver and silver piedfort editions in Proof, or as Brilliant Uncirculated copper-nickel versions of the coin are available.

The Queen Elizabeth II portrait is featured on the obverse with the typical edge lettering.

Mintage of the BU coin is not limited and can be purchased for £10.

The standard Proof .925 fine silver coin has a mintage limit of 11,000 pieces worth £50 each.

The piedfort silver coin has a mintage limit of 4,500 pieces worth £100 each.

The .9167 fine gold version has a mintage limit of 800 pieces worth £850 each.

Visit the Royal Mint website for more information.