The Royal Mint produced the 1971 issues of the Isle of Man's circulation coins, but after that the Pobjoy Mint, a privately owned mint located in England, took over, beginning a long relationship between Pobjoy and the Isle of Man.
After only five years of the Ironside designs, the Pobjoy Mint produced a new set of reverse designs for the island. These were created by
Barry Stanton, who had previously done work for the Royal Mint and the Franklin Mint. The new series was issued in 1976.
One feature of the new series was that the word "NEW" was dropped from the legends. It had been used on the previous series to indicate that these were decimal pence. The UK did not remove the word "NEW" from its coins until 1982.