For the first time since 1983, on 28th March 2017, the firstchange to the One Pound coin was introduced by The Royal Mint. In effortsto combat counterfeiting and add security measures, in 2016 The Royal Mintissued the last round pounds. They were replaced the following year withnew twelve sided, bimetallic coins inspired by the old threepennybit. There were an estimated 1,553 million of the original round coins incirculation in March 2014. Of these, The Royal Mint estimated that around 3%were counterfeit. The new 12 sided coin had a hidden security featurewhich would make it harder to counterfeit. This 2017 Silver Proof newpound features the first reverse design to be used on this new format. Itwas created by a 15 year old school boy, David Pearce, who won a competitionwith his ‘Nations of the Crown’ design. It features a floral design, witha different plant representing each of the Home Nations. From left toright these are the rose of England, the leek of Wales, the thistle of Scotland,and the shamrock of Northern Ireland. They are encircled at their base bya crown and the denomination ‘ONE POUND’ is inscribed below. Thisattractive design is paired on the obverse with Jody Clark’s effigy of TheQueen which has been used on circulating UK coinage since 2015. 26,600 of thesenew pounds were issued in Silver Proof in 2017, and this one comes in itsoriginal packaging from The Royal Mint with certificate ofauthenticity. It is struck in .925 sterling silver with a hand of finegold plating, and finished to proof quality, leaving a higher definition andmore attractive finish. It weighs 10.47 grams and has a diameter of 23.03millimetres.
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