The United Kingdom round £1 Coins - 48 piece Set - valued at £48 in th UK

The Round £1 Coin (You will receive 48 coins valued at £48 in th UK)

The United Kingdom coinage is kept under constant review. By 1980, it had become apparent, that with the general decline in purchasing power, the £1 unit of currency was more appropriate to a coin than a banknote. The note was in constant use and, on average, each note only lasted nine months. A coin can last 40 years or more and, with the growth in the vending industry, it was felt that a coin would be more useful.

After consultation with many groups, including retailers and special interest groups, the government announced on 31 July 1981 that a new £1 coin was to be issued on 21 April 1983.

To make it easy to identify, the round £1 coin was thicker than other coins, while its 'yellow' colour allowed it to stand out from the cupro-nickel 'silver' coins already in circulation. The weight of the coin was largely decided based on cost and the need to allow for higher denomination coins in due course.

The reverse designs of the round £1 coin represent the United Kingdom and its four constituent parts:- Scotland, Wales, Northern Ireland and England. The first series of designs took floral emblems as its theme, while the second series was heraldic.

The £1 coin is legal tender for any amount.

After more than 30 years in the nation’s pockets, the familiar round £1 coin was replaced with an all new, 12-sided £1 coin in 2017.

The round £1 coin can continue to be deposited into a customer’s account at most High Street Banks in the UK.