2017 One Pound Coin – Nations of the Crown

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The 2017 One Pound Coin. The new 12-sided, bi-metallic one-pound coin was first minted in 2016 although the coin itself did not become legal tender until March 2017. 

The early production was to allow the mint enough time to produce enough coins to replace the 1.6 billion old round one-pound coin which would cease to be legal tender by on 15 October 2017. After that date the coin is effectively worthless (unlike UK banknotes which can always be redeemed by the Bank of England). The Royal Mint issued 640 million one-pound coins in 2017.

The new 12-sided bi-metallic design is intended to make counterfeiting more difficult, via an undisclosed hidden security feature, called 'iSIS' (Integrated Secure Identification Systems). The round pound suffered from forgeries with an estimated 1-in-30 as fake.

The basic specification is:

  • Mass 8.75 g
  • Diameter 23.03-23.43 mm
  • Thickness 2.8 mm
  • Edge Alternately milled and plain
  • Outer ring: Nickel-brass (76% Cu, 20% Zn, and 4% Ni)
  • Inner planchet: Nickel-plated alloy

The Reverse shows a Rose, leek, thistle, and shamrock encircled by a coronet which are the Nations of the Crown representing the United Kingdom. Designer is David Pearce. 

The Obverse is a portrait of Queen Elizabeth II by Jody Clark.

Mintage: 640,000,000 (may include coins issued as part of a set). Minted at The Royal Mint.
In the Year: 2017
A UK June General Election results in a hung parliament. Prime Minister Theresa May confirms "Brexit means Brexit" as the UK continue negotiations to leave the European Union (EU). Donald Trump is inaugurated as the 45th President of the United States of America and Mike Pence as the 48th Vice President. President Xi Jinping heralds a "new era" for China. New 12-sided pound coin introduced into the UK. BBC announces the first ever female Doctor Who will be played by Jodie Whittaker. Leonardo da Vinci's painting "Salvator Mundi" sells for $450.3 million at auction in New York, a world record price. Prince Harry and Meghan Markle announce their engagement. Australia take an unassailable 3-0 lead against England in the Ashes. Bitcoin makes the headlines as the cryptocurrency rises over 1000% during the year.
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