2008 sees the new Shield of Arms reverse design, coupled with the fourth coin portrait of Elizabeth II. It is the first time this design has been used on the £1 coin. This silver proof one pound coin is struck in 0.925 sterling silver fineness and comes in a presentation box with a certificate of authenticity. The pound coin is British legal tender and is exempt from Capital Gains Tax.
There were two different designs of £1 issued in 2008; one featuring the coat of arms and the other with the shield of arms.
The edge is not only milled but also inscribed. The inscription in Latin reads:- DECUS ET TUTAMEN which may be translated as "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".
Llantrisant Mint Mark
On the milled edge of the coin is the Llantrisant mint mark - a cross crosslet. The 1983 pound was the first United Kingdom coin to be struck with this distinctive feature. The shape of the cross alluding to Llantrisant, which translated from the Welsh means "Church or Parish of the Three Saints".
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. Read more about the pound coin in our blogs:
The obverse bears the fourth portrait of Queen Elizabeth IIby Ian Rank-Broadley.
The reverse of the coin shows the new Shield of Arms engraving by Matthew Dent. The coin bears the word ONE to the left and POUND to the right.
|Actual Silver Weight||0.2825 Troy oz|
|Obverse Designer||Ian Rank Broadley|
|Reverse Designer||Matthew Dent|
|Mint||The Royal Mint|
|Mintage||5,000 including coins in sets|
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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.
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We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.
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