Chancellor invites public to design the reverse side of a new £1 coin

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18 September 2014
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imports_CCGB_new12sided1coin_68510.png New 12-sided £1 coin
UK Chancellor George Osborne has launched a new competition which invites members of the public to submit designs for the reverse side of a new £1 coin. ...
UK Chancellor George Osborne has launched a new competition which invites members of the public to submit designs for the reverse side of a new £1 coin.

At Budget 2014, the Chancellor announced that The Royal Mint would manufacture a new £1 coin, which will be the world’s most secure circulating coin, helping to reduce counterfeiting and 'enhance the integrit'y of the UK's currency.

Now, members of the general public are being offered the rare chance to put forward their ideas for the design of the reverse, or ‘tails’, side of the new £1 coin, which will enter circulation from 2017.

The final specification of the coin is to be finalised following a public consultation, but the proposed £1 coin has a twelve-sided shape similar to the pre-decimalisation threepence piece, popularly known as the' threepenny bit'. Entrants are being asked to suggest designs that show what Britain, or ‘Britishness’ means, drawing on all of the qualities and quirks that make our nation unique.

In addition to seeing their design on the new £1 coin, the winner will be invited to visit The Royal Mint to strike their own design on a new £1 before the coins enter general circulation, when they will ultimately see their design on currency used by millions of people every day. They will also receive a fee of £10,000 in exchange for the right to use their design.

HOW TO ENTER

The design competition is open to anyone who wishes to enter, irrespective of age or nationality. The Royal Mint’s dedicated competition webpage includes hints, design tips, a short film showing the minting process and images of previous designs for inspiration. Entries and designs will only be accepted on an official submission form, which can be obtained by downloading the Design Brief pack. The closing date is 30 October 2014.

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