1997 & 2002 One Pound Coin | The Royal Mint

1997 & 2002 One Pound Coin

Three Lions passant guardant representing England

Specifications

Issued 1997, 2002 
Diameter 22.5mm
Weight 9.5g
Thickness 3.15mm
Composition Nickel-Brass
(70% copper, 5.5%
nickel, 24.5% zinc)
Obverse Designers Portrait of Her Majesty the Queen 
1997 Raphael Maklouf
2002 Ian Rank-Broadley
Reverse Designer Norman Sillman
Edge Inscription DECUS ET TUTAMEN
Edge Milled
Mintages  1997: 57,117,450
2002: 77,818,000*

About This Coin

Last in the second series of £1 coins whose reverse designs honoured constituent parts of the United Kingdom, the 1997 £1 coin represented England by featuring the famous Royal Crest of England, three lions passant guardant. On its obverse was Raphael Maklouf's elegant portrait of Her Majesty The Queen.

History of the £1

By 1980 it had become apparent that, with the general decline in purchasing power, the £1 unit of currency was more appropriate as a coin than a banknote. 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. Since its launch the £1 has always represented the United Kingdom and its constituent parts; England, Wales, Scotland and Northern Ireland. 

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