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1983 one pound coin

1983 one pound coin

2 min read 31-10-2024
1983 one pound coin

The 1983 One Pound Coin: A Coin With a Rich History

The 1983 one pound coin, also known as the "round pound", is a significant piece of British numismatics. It marked the end of an era, replacing the familiar and beloved £1 note and ushering in the age of the modern British coin. This article delves into the history of the 1983 one pound coin, exploring its design, production, and notable varieties.

A Symbol of Change: The Birth of the Round Pound

The decision to introduce a £1 coin in the UK was made in the late 1970s as a way to reduce the production costs of the £1 note, which was becoming increasingly expensive to produce. The Royal Mint embarked on a design competition, and the winning entry featured the effigy of Queen Elizabeth II by Arnold Machin, surrounded by a laurel wreath and the inscription "ONE POUND".

The coin was first minted in 1983, and it quickly became popular with the public. The 1983 one pound coin was a significant departure from the traditional designs of British coinage, marking a new era for British currency.

A Closer Look at the Design

The 1983 one pound coin is a cupro-nickel coin with a diameter of 28.4mm. It features a distinctive design with a circular rim, which is why it is often referred to as the "round pound".

  • Obverse: The obverse features the effigy of Queen Elizabeth II, facing right. The inscription reads "ELIZABETH II D.G.REG.F.D." which stands for "Elizabeth II by the Grace of God Queen of the United Kingdom".

  • Reverse: The reverse design is a laurel wreath surrounding the inscription "ONE POUND". The wreath symbolizes peace and victory, while the inscription emphasizes the coin's denomination.

Notable Varieties and Rarities

While the 1983 one pound coin is a relatively common coin, there are a few variations that make certain coins more valuable to collectors.

  • "Proof" Varieties: Proof coins are special collector's editions struck with polished dies on highly polished blanks, resulting in a mirror-like finish. Proof versions of the 1983 one pound coin are much rarer than standard circulation coins.

  • "D" mint mark: Coins minted at the Royal Mint in Llantrisant, Wales, bear a small "D" mint mark on the reverse. While not incredibly rare, these coins are sought after by collectors.

  • "Edge Reeded" vs "Edge Plain": Early issues of the 1983 one pound coin feature a plain edge. Later issues have a reeded edge, making the plain edge coins more sought after.

Collecting the 1983 One Pound Coin

The 1983 one pound coin is a popular coin among collectors, both for its historical significance and its attractive design. It is a great coin to start a collection, as it is relatively easy to find and affordable.

Tips for Collectors:

  • Research: Check online resources and coin guides for information about variations, mintages, and values.
  • Condition: The condition of the coin significantly impacts its value. Coins in uncirculated or proof condition are more valuable.
  • Grading: Consider having your coin graded by a professional grading service to determine its authenticity and value.

Conclusion

The 1983 one pound coin is a coin with a rich history and a strong connection to British numismatics. Whether you are a seasoned collector or just starting out, this coin is a great addition to any collection. It is a reminder of the past and a testament to the enduring legacy of the British pound.

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