Specification of the new one pound coin
Read the full outcome
Detail of outcome
Following careful consideration of all evidence submitted, this document summarises the responses received and confirms the final specification of the new 拢1 coin. HM Treasury is very grateful to all those who took the time to respond to this consultation, and will continue to engage with industry and other stakeholders in the lead up to an expected introduction of the new coin in early 2017.
Original consultation
Consultation description
Budget 2014 announced the transition to a new and highly secure 拢1 coin, which the government expects to introduce in 2017. The current 拢1 coin, first issued in 1983, is one of the oldest British coins in circulation, and over time has become increasingly vulnerable to counterfeiting.
The design proposed on Budget day incorporates four key features that would make the new 拢1 coin the most secure circulating coin in the world. These are:
- a 12-sided shape
- bi-metallic construction
- bi-colour appearance
- the Royal Mint鈥檚 new, world-leading anti-counterfeiting technology (Integrated Secure Identification Systems)
The government is committed to arriving at a final specification that maximises the benefits to the UK as a whole, and to introducing the new coin in such a way that is manageable for industry. Therefore, we are now seeking views from all interested parties on the precise specification and planned transition period.
This consultation is separate from the design competition being run by The Royal Mint.
The Royal Mint are running .
Documents
Updates to this page
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Added response document
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First published.