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Modern Pounds

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Author Previous TopicReplies: 11 / Views: 1,699Next Topic  
Valued Member
Erwindoc's Avatar
United States
265 Posts
 Posted 08/18/2009  2:59 pm Show Profile   Bookmark this topic Add Erwindoc to your friends list Get a Link to this Message Number of Subscribers
Parents just got back from Europe/England and as a gift they brought me coins from their stops. I was very impressed by the pounds they brought back. I liked the art on the coins and the thickness of them. Can anyone tell me more about them from a modern standpoint(I collect modern era coins), like when did they start, are there different mintmarks, are their albums that you can put them in? I would consider making a set of these I liked them so much. Where can I find out more?
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wd1040's Avatar
United States
3098 Posts
 Posted 08/18/2009  3:16 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
The current pounds started in 1971 Feb 15 on Decimalization day, when the UK and Ireland changed from LSD (Pound, shilling, penny) system to a decimal system. It used to be that a pound was world 20 shillings or 240 pence, meaning that a shilling equaled 12 pence. You said "parents," right? So I'll assume you're quite young and connect this to the wizarding money in Harry Potter where they had a galleon, sickle and a knut. That system, according to Rowling, was based on the old LSD system.

So, during changeover, 1 shilling was 5 new pence (1/20 of a pound.) The sizes carried over, so the size of a 5p was the same as a shilling, a 10p a florin and so on.

Also, the new 50p was introduced as the 10 shilling note was taken out of circulation.

The 20p was introduced in 1982 to fill the gap between the 10p and the 50p

In 1983 the pound coin was introduced.

The current bimetallic pound was introduced in 1997. There was an older one that was 2x the size of the 1 pound but it wasn't issued for circulation.

So after a few decades in circulation, the govn't decided that the 5p, 10p and 50p were too big and so they changed their sizes.

I'll include pics soon. There's just something for you to read

Here's pics of the old coins. I can't seem to find a shilling or a new 50p...

Modern-Pounds
Modern-Pounds
Edited by wd1040
08/18/2009 3:30 pm
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kena's Avatar
United Kingdom
1682 Posts
 Posted 08/18/2009  3:19 pm  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
Basically the first year of issue in the current format was 1983. None made for circulation in 1998 and 1999. Have not seen the 2009 coin or 2008 Royal Arms issue.

Two good links:

http://www.tclayton.demon.co.uk/dec1p.html

http://www.royalmint.com/Corporate/...undCoin.aspx

Link to mintage figures

http://www.royalmint.com/Corporate/...g_coins.aspx

Don't know about albums.

Did they happen to bring you a £2 coin which is bimetallic and first issued in 1997.

A pound is equal to about $1.65.
Edited by kena
08/18/2009 3:26 pm
Valued Member
Erwindoc's Avatar
United States
265 Posts
 Posted 08/18/2009  4:10 pm  Show Profile   Bookmark this reply Add Erwindoc to your friends list Get a Link to this Reply
Thanks for the young reference, but my parents are in their 60's and it was one of those bucket list trips.

I appreciate the links and the 83-present were the coins I was referring to. I have a few of the older coins too. They did bring me a couple of the bimetallic coins, very cool. I really liked the pound coins with the dragon on the reverse. I wish that there was an album that is out there I could put them in. If you happen to find one out there, let me know!
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davemac's Avatar
Ireland
25 Posts
 Posted 08/18/2009  4:12 pm  Show Profile   Bookmark this reply Add davemac to your friends list Get a Link to this Reply

They olso have a 5 gold coin here is one I got lalty
Dave
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wd1040's Avatar
United States
3098 Posts
 Posted 08/18/2009  4:13 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
Well, if there isn't an album, there's always 2x2s.

By the way, wikipedia gives a good list of 1 pound coin designs (they have this for the other coins, too!)
http://en.wikipedia.org/wiki/One_po...ecimal_coin)
Valued Member
Erwindoc's Avatar
United States
265 Posts
 Posted 08/18/2009  4:26 pm  Show Profile   Bookmark this reply Add Erwindoc to your friends list Get a Link to this Reply
Perfect! Now with the links, I know what years to go for. I just need to see what years I have and what I dont. My neighbor is in Wales now and I can email him and see if he would pick me up the missing ones! Thanks everyone!!
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davemac's Avatar
Ireland
25 Posts
 Posted 08/18/2009  4:35 pm  Show Profile   Bookmark this reply Add davemac to your friends list Get a Link to this Reply


Modern-Pounds

Modern-Pounds
Valued Member
Erwindoc's Avatar
United States
265 Posts
 Posted 08/18/2009  4:35 pm  Show Profile   Bookmark this reply Add Erwindoc to your friends list Get a Link to this Reply
How would one go about getting the two years not minted for circulation? For that matter, if my neighbor cant bring these home are there other members that collect these and would trade them? Can these be found here or ebay?
Edited by Erwindoc
08/18/2009 4:36 pm
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kena's Avatar
United Kingdom
1682 Posts
 Posted 08/18/2009  4:48 pm  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
No idea how to find any not for circulation UK coins.....I live in the UK but mainly focus on stuff you can find in circulation and modern US coins.

There are several people here who collect UK coins. I am sure if you post a list on the trade section, people would respond.
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wd1040's Avatar
United States
3098 Posts
 Posted 08/18/2009  5:03 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
Hey Dave, is that crown really gold?
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Sap's Avatar
Australia
16849 Posts
 Posted 08/19/2009  12:18 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
If you need the "not made for circulation" types to complete your collection, you'll have to buy a mint set and break it apart, or buy a pound that came out of a broken-up mint set. The Royal Mint has also issued £1 coins to collectors separately, in little folders; I don't know if the "missing years" coins had folders made too, but the note in Krause says "mint sets only", so I don't think so.

wd1040: the coin posted by davemac isn't technically a "crown", it's a £5 gold coin, struck to the same standard as the old "circulation" gold £5 coins struck pre-WWI, though Krause lists it alongside the other coin types with this design (KM 1007b).
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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