Design for new £1 coin unveiled

New £1 coin

The winner of a competition to design the 'tails side' of the new 12-sided £1 coin has been revealed.

Teenager David Pearce, 15, a pupil at Queen Mary's Grammar School in Walsall, received a surprise phone call from Chancellor George Osborne to say that his was the winning design.

David beat off stiff competition from more than 6,000 entries with his submission, which features a rose, leek, thistle and shamrock emerging from a Royal Coronet.

Coin artist David Lawrence and lettering expert Stephen Raw have now refined David's design, which will be introduced in 2017.

The main aim of the new coin, which will be the same shape as a 12-sided 'threepenny bit' is to foil counterfeiters. The Royal Mint suggests that about 3% of all £1 coins (45 million) are now forgeries.  

To make it even more secure, the new coin will be made of two metals in two colours and will include the Royal Mint's new anti-counterfeiting technology.

Winner David Pearce said: "I was really excited to hear that I had won the competition to design the new £1 coin but hugely shocked as well! I spent a lot of time researching what coin designs looked like and what sort of designs would represent all parts of the UK before submitting my idea and I honestly cannot believe I have won."

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