The £1 coin in base metal (as opposed to the gold sovereign, which has a nominal face value of one pound too), nickel-brass was introduced in 1983, as a replacement for the £1 banknote. A variety of designs were issued into circulation between 1983 and 2016, representing the United Kingdom and its constituent parts - England, Wales, Scotland and Northern Ireland, rotating each year; they were all demonetised in 2017 and replaced by the current 12-sided bimetallic one pound coin.
The Royal Mint also uses the denomination to issue Non-Circulating Legal Tender (NCLT) coins for collectors, such as this one.
In 2013, the Royal Mint issued a three-coin set to celebrate the 30th Anniversary of the £1 coin denomination. The set contains:
- One Pound Royal Arms by Eric Sewell - a re-issue of the first £1 design released in 1983, then again in 1993, 1998, 2003, 2008 and 2015
- One Pound Shield of the Royal Arms (Derek Gorringe design) (this coin) - a re-issue of the design released in 1988
- One Pound Shield of the Royal Arms (Matthew Dent design) - the regular design released every year from 2008 to 2016
The set was issued in two precious metals version only: silver (1,311 struck of 3,500 edition limit) and gold (17 struck of 100 edition limit), in Proof FDC quality. There was no base metal version.
No coins of the above types were issued into circulation. |