We are currently experiencing technical difficulties with our telephone system.
We apologise for any inconvenience and are working to resolve this as soon as possible.
Evolution Money
Customer Enquiries 0161 814 9158
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue
Home > New twelve sided pound coin in 2017

New twelve sided pound coin in 2017

20th March 2015 | Published by Evolution Money

Chancellor George Osborne has revealed the new design pound coin which will be introduced into circulation in 2017.

The new coin has twelve sides and is reminiscent of the threepenny bit, which also had 12 sides and was in use until 1971, when it was withdrawn from circulation following decimalisation.

The coin features the four symbols of the United Kingdom: the thistle, the rose, the leek and the shamrock. All four are seen emerging from a coronet on the new coin. It was designed by school boy, David Pearce, a teenager from the West Midlands, the winner of a competition run by the Royal Mint to find a suitable image for the coin.

George Osborne first announced his plans to introduce a new £1 coin in his 2014 budget because the current pound coin is relatively simple to counterfeit. It is estimated that as many as one in thirty pound coins is a forgery.

The coin will be made using cutting edge anti forgery technology to make it the most secure coin in the world, according to the Royal Mint. The three features that will help achieve this are: it utilises two different colours of metal, has twelve sides and incorporates a technology developed by the Royal Mint to foil counterfeiters, which has been adapted from bank notes and is being used for the first time in coins.

David Pearce, 15, said that he had spent a lot of time researching what symbols could represent all of the UK and could not believe that he had won.

George Osborne said that the new coin would have 12 sides in honour of the Queen because the threepenny bit was the first coin on which she appeared at the beginning of her reign. The new coin will be followed by a £5 note featuring Winston Churchill and a £10 note on which Jane Austen is depicted.

Category: Money
This post was written by Evolution Money
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.


Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
M1 3BE

Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2018 Evolution Money | Privacy Policy | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions
Apply Online
I want to borrow £

You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.
Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution