The new 12-sided £1 coin was released on the 28th March this year, with a similar look to the current £2 coins.
This coin has been designed with special security features to ensure that the number of counterfeit coins in circulation will dramatically decrease and to make sure that coin clipping is much more noticeable, reducing the number of coins in circulation that have been clipped.
Read on to find out more fun facts about the new £1 coin!
Interesting Facts and Features Regarding the New £1 Coin
- The distinctive shape of the new 12-sided £1 coin makes it easily recognisable, by look and even by touch.
- Similar to the design of the current £2 coin, the new £1 coin is bimetallic. The outer ring is gold coloured, made up of a combination of nickel and brass, whereas the inner ring is coloured silver, made up from a nickel-plated alloy.
- There is a latent image below the Queen’s head, that changes from a £ symbol to a 1 when the coin is seen from different angles.
- The micro-lettering can be found lining the inner rim on both sides of the coin. On the ‘heads’ side, the lettering says ‘one pound’ and on the ‘tails’ side, the lettering reads as the year of the coin’s production, eg. 2016/2017.
- On alternate edges of the 12-sided coin, there are grooves, helping to make the coin distinguishable by touch.
- The coin has a hidden security feature built in to prevent counterfeiting from occurring.
- The design of the coin, which features the English rose, the Welsh leek, the Scottish thistle and the Northern Irish shamrock which are emerging from one stem within a royal coronet. This design was created by David Pearce who won a public design competition at the age of 15.
- This is the first change to the £1 coin in over 30 years due to the old coins vulnerability to counterfeiting.
Selling Your Gold at The Manchester Gold Exchange
Although it isn’t possible to sell your old pound coins with us at The Manchester Gold Exchange, as trading these should only be done at a bank, we’re happy to buy any other gold from you! We buy all types of gold including rose gold, white gold, Asian gold, Romany gold, hallmarked or un-hallmarked and we offer competitive pricing for all.
Whether you have broken jewellery, gold ornaments or any other items you believe to be gold, then bring them in to be valued at The Manchester Gold Exchange.