The edge of this British legal tender coin is not only milled but also inscribed with the Latin inscription:

"DECUS ET TUTAMEN"

This translates to "an ornament and a safeguard". This inscription dates back to the first machine-struck coins minted in 1662 and was a device to prevent "clipping", and was used on the first pound coin in 1983.

On the milled edge of the coin is the Llantrisant mint mark - a cross crosslet. The shape of the cross alluding to Llantrisant, which translated from the Welsh means "Church or Parish of the Three Saints".

It was decided that from 1984, British £1 coins would feature different reverse designs for each of the four parts of the United Kingdom. All £1 coins dated 1992 feature on the reverse an oak tree symbolising England.

The English Oak is steeped in history and legend. Forests of oak are a reminder of folk heroes such as Robin Hood, while "Hearts of Oak" conveys a sense of the centuries-old debt to the English Navy which protected an island Kingdom from invasion.

Renowned for its solidity, strength and durability, the oak has proved to be one of the most valuable timbers both today and in ancient times. As a maritime nation, England used oak for shipbuilding for centuries, providing the timbers of the ships which protected its shores in the days of Drake, and later, Nelson.

The oak also has a connection with Royalty. In 1651, after the Battle of Worcester, King Charles II successfully escaped from Cromwell's troops by hiding in an oak tree. After the restoration of the monarchy on 29th May 1660, the day was celebrated as "Oak Apple Day".

On 28 March 2017, the circulated round pound was replaced by the 12 sided £1 coin. On the 15 October the round £1 coin will cease to be legal tender.

Obverse

The obverse bears the third portrait of Queen Elizabeth II by Raphael David Maklouf.

Reverse

The English one pound coin features for the first time on the United Kingdom coinage, an oak tree in its entirety.The oak, however, is no stranger to our coinage. From the nineteenth century a wreath of oak, or oak combined with olive or laurel appeared on certain silver coins, while sixpences and threepences issued form 1927 to 1936 show acorns growing from interlaced oak twigs or branches. Maundy Money continues to show a wreath of oak. The design is the work of distinguished silversmith Leslie Durbin.

Specification

Version	Diameter (mm)	Weight (grams)	Metal	Alloy	Actual Metal Weight (troy ounces)	Issue Limit
Ordinary Circulation	22.50	9.50	Nickel-brass			36,320,487
Uncirculated in Folder	22.50	9.50	Nickel-brass			Included above
Silver Proof	22.50	9.50	Silver	0.925 Silver	0.2825	25,000
Piedfort Silver Proof	22.50	19	Silver	0.925 Silver	0.5650

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.

Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.

All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.

If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.

Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.

Orders over £60 - Fully Insured Delivery.

Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6.

Orders under £60

Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here.

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products.

Orders under £1500 there is no additional fee.
Orders over £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee.

If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.