12th September 2014
Think the Royal Mint’s coin designs are boring? Think you can do better? Well, here’s your chance to design the new £1 coin.
Chancellor George Osborne has launched a competition to design the ‘tails’ side of the new £1 coin.
In the Budget earlier this year, Osborne said the Royal Mint would be manufacturing a new £1 coin which would be the world’s most secure circulating coin, helping to reduce counterfeiting.
The coin will be put into circulation in 2017 and will be ‘distinctly British’ as it will have 12 sides, mimicking the old ‘threepenny bit’ that was used pre-decimalisation.
To carry on this theme, designers are asked to suggest design that depict what ‘Britishness’ means – drawing on the quirks and qualities of the nation.
The winner will be invited to strike their own design at the Royal Mint and receive a £10,000 fee in exchange for the right to use the design.
Designs can be submitted by people of any age or nationality and must be received by 30 October. Those who want to enter can download the Design Brief pack: http://www.royalmint.com/newonepoundcoin
Osborne said: ‘Today we’re asking people across the UK to help us design the new £1 coin. Think about your favourite landmark, or a great British achievement or a symbol from our Island’s story.
‘The winning design will be in millions of people’s pockets and purses. It’ll be heads you win; tails, it’s your design.’
Danny Alexander, chief executive to the Treasury, added: ‘I hope that the design of this coin represents all of the best aspects of a diverse nation and that it will be used in all parts of the UK for many years to come.’