Could you design the new £1 coin?

The new £1 coin

Chancellor George Osborne is giving aspiring artists the chance to turn their handiwork into cold hard cash - literally.

The Treasury is launching a competition to design the 'tails side' of the new 12-sided £1 coin, which is set to become the world's most secure in circulation from 2017.

Entrants are asked to submit designs that "show what Britain, or 'Britishness' means, drawing on all of the qualities and quirks that make our nation unique".

There's £10,000 in cash up for grabs for the winner, who will also get to visit The Royal Mint to strike their own design.  

Anyone can enter, regardless of age or nationality, and the deadline for doing so is Thursday 30 October.

To apply, you must download and complete an official submission form as part of the 'Design Brief pack' at

Your design must be based on the specification of the new coin, which will have a gold-coloured outer ring and silver-coloured centre.

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 Islands' 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."

Full details about the competition, including tips, can also be found at the Royal Mint website mentioned above.

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