The pound coin turns 30 years old this month.
Moneysupermarket.com takes a look back at the story of the pound,
from its 80s origins to the present day.
It's the 80s, the decade of Margaret Thatcher, blue mascara and only four TV channels. Bonnie Tyler was experiencing a Total Eclipse of the Heart, CITV had just been launched and Terry Pratchett published the very first Discworld novel. Inflation had reduced the value of the British pound, so a new coin was produced to replace the pound note...
Fast forward 30 years, and Britain is recovering from the excitement of the Jubilee, London 2012 and are waiting with bated breath for the birth of the Royal Baby and the chance of another Bank Holiday. Kids are dancing to Rihanna rather than Rick Astley and everyone is Harlem Shaking. And the pound coin? Well, it's still around...
The graph below illustrates how much the cost of everyday items has increased in the last thirty years
Click the coins below to find out more about the design
One pound coins have been created by The National Mint since 1983
note in constant
use lasted nine months
on average, but a coin
can last as long as
It is estimated that as many as 1 in 35
pound coins in circulation are counterfeit
were exactly one pound in weight
in Anglo-Saxon Britain. This later
evolved into the modern British
currency, the pound sterling.
A pound coin is 22.5mm in diameter,
3.15mm thick and weighs 9.5g
The amount of coins released every year can vary
dramatically - in 1983 443,053,510 pound coins were
made (enough to buy the country of Dominica)
but in 2008 only 3,910,000 coins
and is actually older than Great Britain (the unification of England, Scotland, Wales and Northern Island) itself!
(or just under!)
David Beckham has earned...
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