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The reverse of the new 12-sided, bimetallic pound coin, introduced on 28 March 2017, [2] was chosen by a public design competition. [20] The competition to design the reverse of this coin was opened in September 2014. [ 21 ]
The twenty pence (20p) coin was introduced in 1982 to fill the gap between the 10p and 50p coins. The pound coin (£1) was introduced in 1983 to replace the Bank of England £1 banknote which was discontinued in 1984 (although the Scottish banks continued producing them for some time afterwards; the last of them, the Royal Bank of Scotland £1 ...
The British two pound coin (£2) is a denomination of sterling coinage.Its obverse has featured the profile of Queen Elizabeth II since the coin’s release. Three different portraits of the Queen have been used, with the current design by Jody Clark being introduced in 2015.
2017: A more secure twelve-sided bi-metallic £1 coin was introduced to reduce forgery. The old round £1 coin ceased to be legal tender on 15 October 2017. [133] As of 2020, the oldest circulating coins in the UK are the 1p and 2p copper coins introduced in 1971. No other coins from before 1982 are in circulation.
A twenty-pence coin was introduced in 1986. [32] The decimal halfpenny ( 1 / 2 p) remained in circulation until 1987, when its value had been greatly reduced by inflation. Very few were produced after the initial minting. [33] In 1990, the pound coin was introduced, [34] and in 1992 the 5p and 10p coins were reduced in size.
Bullion / collectors' coins issued in 2018 to 2021; 1 troy ounce of silver, with a value of £2, or 10 troy ounces, valued at £10. [8] Twenty pounds: £20 Introduced in 2013 as a commemorative coin. [9] Fifty pounds: £50 Introduced in 2015 as a commemorative coin. [10] One hundred pounds: £100 Introduced in 2015 as a commemorative coin. [11]
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy ounces (113.0 gr; 7.32 g) of pure gold.Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery.
Gold coins typically represented larger nominal sums, but they also introduced a bimetallic system of currency which depended on the values of two precious metals. The French "franc", introduced in 1360, was the first coin anywhere to represent exactly 1 pfund or "pound".