[50] In a 2009 survey, 99% of fake £1 coins found in cash centres were made of a nickel-brass, of which three fifths contained some lead and a fifth were of a very similar alloy to that used by the Royal Mint. The inscription ONE POUND appeared on all reverse designs. The pound coin until 2016 was produced in regional designs, but these circulate equally in all parts of the UK (see UK designs, below). Free shipping on many items | Browse your ... 2018 Great Britain 1 Oz Silver Britannia £2 Pound Coin UNC. The coin has a 12-edged shape, similar to the pre-decimal brass threepence coin; it has roughly the same size as the previous £1 coin, and is bi-metallic like most £2 coins. The design of the reverse of the original coin was changed each year from 1983 to 2008 to show, in turn, an emblem representing the UK, Scotland, Wales, Northern Ireland, and England, together with an appropriate edge inscription. For so much, what shall we give in return? COMPANY REG NO: 7406028 VAT NO: 945 6954 72. it is a thick coin … An estimated 131 million old round £1 coins have yet to be returned to the Royal Mint, nearly three years after they were withdrawn from circulation. Free postage. The current 12-sided pound coins are legal tender to any amount when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions. [24][25] However, "legal tender" has a very specific and narrow meaning which relates only to the repayment of debt to a creditor, not to everyday shopping or other transactions. [9][10] The figure previously announced in 2012 was 2.86%, following the prolonged rise from 0.92% in 2002–2003 to 0.98% in 2004, 1.26% in 2005, 1.69% in 2006, 2.06% in 2007, 2.58% in 2008, 2.65% in 2009, 3.07% in 2010 and 3.09% in 2011. Washington Mint 1 Pound 1986 Pure Silver US Eagle Coin … They are then further sub-categorised based on different time periods and eras. [42][43][44] Coin testing companies estimated in 2009 that the actual figure was about twice the Mint's estimate, suggesting that the Mint was underplaying the figures so as not to undermine confidence in the coin. [49] It was difficult to manufacture round pounds with properly-produced edges; the milling (grooves) was often incomplete or poor and the inscription (often "DECUS ET TUTAMEN") sometimes poorly produced or in the wrong typeface. HOUSEHOLDS should check their wallets and piggy banks for old £1 coins worth 16 times their face value as the Royal Mint reveals there's still 145million out there. The so called "round pound" … Details of all £1 … one pound. To date, four different portraits of Elizabeth II have appeared on the obverse. The new pound coin has been hailed as the most secure in the world. [26] A shopkeeper is under no obligation to accept any specific type of payment, whether legal tender or not; conversely they have the discretion to accept any payment type they wish.[25]. You have until 15 October 2017 to spend your old round pound coins, after that they will be demonetarised and you … The first £2 coins. 1996 GIANT LIBERTY-EAGLE ONE HALF POUND … £2,000.00. Be it ancient world coins or modern coins … On October 15 2017, the round pound ceased to be legal tender. A lot of high-value listings are simply from people chancing their arm or are themselves misinformed, so it's up to you to do your research before selling or buying any rare coins or notes. CARDIFF CITY £1 ONE POUND RARE BRITISH COINS, COIN HUNT - OTHER COINS … [1][2] It has featured the profile of Queen Elizabeth II since the original coin's introduction on 21 April 1983. Free postage. £1 ONE POUND RARE BRITISH COINS, COIN HUNT 1983-2015. This gets a 6on the scarcity scale, making it still reasonably common but a little rarer than a number of other designs. In July 2010, following speculation that the Royal Mint would have to consider replacing £1 coins with a new design because of the fakes, bookmakers Paddy Power offered odds of 6/4 (bet £4 to win £6, plus the £4 stake back; decimal odds of 2.5), that the £1 coin would be removed from circulation. All genuine UK coins are produced by the Royal Mint. Click & Collect. The 12-sided design, introduced in March 2017, reverted to 2017 ELIZABETH II D.G.REG.F.D. [35] These were the shield from the Royal Coat of Arms by Matthew Dent, and a design by Gregory Cameron, Bishop of St Asaph, of four heraldic beasts.[34][36]. One-pound notes continue to be issued in Jersey, Guernsey and the Isle of Man, and by the Royal Bank of Scotland, but the pound coin is much more widely used. Group Rules/safety … In the likelihood that your coin (or coins) are nothing special, it is still worth exchanging them at your bank on your next trip (most but not all branches will accept them). A new, dodecagonal (12-sided) design of coin was introduced on 28 March 2017[4] and both new and old versions of the one pound coin circulated together until the older design was withdrawn from circulation on 15 October 2017. Coins from 1 penny to 2 Pounds are legal tender in Great Britain and Northern Ireland. Old Round £1 Coin Collectors Group has 4,701 members. The main currency of the UK, the GBP £1 coin replaced the previous £1 banknote in April 1983. The “most secure” 12-sided £1 coin … Its obverse bears the Latin engraving ELIZABETH II D G REG ("Dei Gratia Regina") F D (Fidei defensor) meaning, "Elizabeth II, by the grace of God, Queen, Defender of the Faith". [46][47] One article suggested "given that fake coins are worthless, you will almost certainly be better off not even looking". This edge inscription could frequently be "upside-down" (when obverse is facing upward). What to do with old pound coins. £11.50. Round Pond memberships offers you priority access to wines and gourmet products only available from the winery, shipped to you four times a year. Those headlines you read about coins and notes selling for £1,000s only happen when it's genuinely unique; a one-of-a-kind. Coin & Case COA. The round £1 coin was replaced by the 12-sided version to help crack down on counterfeiting. Most valuable and rare round £1 coins - have you got any? £2.95 to £6.69. [45] The recipient also has recourse against the supplier in such cases. [22] The competition to design the reverse of this coin was opened in September 2014. Current two-pound coins, being bi-metallic (excluding some rarely tendered commemorative issues), remain harder to counterfeit than the round pound was; such counterfeits would often easily seen to have wrong colour(s). We wrote about the problem in detail in this piece: 'Rare and valuable coins are expensive for a reason'. EC1Y 8AE, LOVEMONEY.COM LIMITED IS A REGISTERED COMPANY IN ENGLAND & Wales. They've often been out of circulation for decades or have a misprint on them that makes them so valuable to professional collectors. $529.99. 2013,[13] where 2013 is replaced by the year of minting. But as we've just covered that's no indication of actual value. The old, round £1 pound coins remain legal tender until 14 October 2017. [3] Four different portraits of the Queen have been used, with the latest design by Jody Clark being introduced in 2015. The British one pound (£1) coin is a denomination of the pound sterling. … or Best Offer. 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