1992 Elizabeth II 'Oak Tree and Royal Diadem, Representing England' £1 Coin

The United Kingdom regularly reviews its coinage to adapt to economic and practical needs. By 1980, the declining purchasing power of money made it evident that the £1 currency unit was better suited to a coin than a banknote. The £1 note, heavily used, had an average lifespan of just nine months, whereas coins could last over 40 years. Additionally, the growing vending industry underscored the need for a durable coin.

Following consultations with retailers and other stakeholders, the government announced on 31 July 1981 that a new £1 coin would be introduced on 21 April 1983. The round £1 coin was designed to be easily distinguishable: it was thicker than other coins and featured a distinctive yellow colour to stand out from the silver-toned cupro-nickel coins in circulation. Its weight was determined by balancing cost considerations with the potential introduction of higher denomination coins in the future.

The reverse designs of the round £1 coin celebrated the United Kingdom and its four constituent nations—Scotland, Wales, Northern Ireland, and England. The first series showcased floral emblems, while the second series adopted heraldic themes.

*Image is representative of the coin you will receive 

**Struck for general circulation and subsequently acquired by The Royal Mint from the secondary market.