The final batch of round £1 coins intended for circulation have just come off the production line at the Royal Mint. And the Royal Mint has confirmed that the only 2016 coins will be collector’s version of the £1 coin.
But what about the 2016 design?
Earlier this year the Royal Mint confirmed that 2016 will see the last ‘round pound’, calling time on a coin which was first issued more than thirty years ago.
The 2016 coin will be the 25th design to feature on the £1 coin since it was introduced in 1983 as a replacement for the less robust £1 note.
The Last Round £1 Coin will never enter general circulation.
The design, which features four animals representing each of the four constituent UK countries, will not be available in general circulation but is currently available in a brilliant uncirculated collector’s edition.
It is estimated that over 50 million £1 coins in circulation are fake and counterfeits are becoming a closer match, making it extremely difficult to spot the difference. The new 12-sided £1 will be made from 2 different metals and has been billed to become the most secure circulating coin in the world.
To find out more about the new 12-sided coin that will replace the round pound in March 2017 read our previous blog here.
Just the same as selling an annual coin set without all the new 50 pence coins, total rip off.
Why is change checker selling the collector card for all eight new coins knowing that you can’t get the one pound coin to put in it?
Hi Ed, unfortunately it was revealed the £1 coin would not be entering circulation after the ID cards were issued.
Only available encapsulated and date stamped. £10 + £2.99 p+p. I agree , why mint it and not release it, seems pretty stupid to me.
What is the point of designing and manufacturing a coin of the realm if it is not going into circulation?
This another money making idea from the mint.
All the negative comments, you could look at it another way, you have a chance of owning a rare £1coin for £12.99, no I don’t want to pay 12.99, but I will like it when my kids get to sell them for £50 or so in 10 years time, because no one can get hold of them because of there rarity. Surely thats why we collect coins because some are rare and some not so rare !!
I agree… Why bother minting a £1 coin for 2016 if it’s not going into circulation? Yet you can pay 13 times its value (including p&p) if you want one!!! Eh??!! Don’t get it. At all..
I totally agree with David. Its the last round £1 coin, the main unit of British currency, a completely new design, and the general public are not allowed to get it for £1. Its a disgrace. Should there be a petition to get these new coins circulated?
If it’s not going to be circulated I don’t class it as a true legal tender. It’s just anther RiyalMint rip off!
I totally agree with you David, this “coin” is no more than a medallion.
Hi Pauline, the encapsulated BU last ‘Round Pound’ is £10 (+p&p). You can click on the link in the blog if you would like to buy one.