Author Topic: Isle of Man circulation 1 and 5 pound coins  (Read 663 times)

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Online <k>

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Isle of Man circulation 1 and 5 pound coins
« on: February 10, 2017, 11:27:14 AM »
Back in 1981, the Isle of Man issued a circulation 5 pound coin, which was a product of the Pobjoy Mint. Well, they hoped it would circulate, but the Manx had other ideas.  :)  The images below are courtesy of africancoins.

Does anybody know the thickness of the 5 pound coin - and also the "circulation" 1 pound coin of 1978?

Numista: Manx 5 pound coin, 1981.

Online <k>

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #1 on: February 10, 2017, 11:28:25 AM »



In 1978 the Pobjoy Mint produced the world's first modern pound coin for the Isle of Man, which it proudly called the round pound. The UK did not issue its own pound coins until 1983. The Manx government did intended that this coin should circulate. However, when I visited the Isle of Man in 1981, I did not find any in circulation. The Manx population did not like the coin, and to this day they prefer their pound notes, which are still produced/.

This first Manx pound coin was light and thin - not thick, like the current ones. It was confusingly close in size to the circulation five pence. Its diameter was 22.5mm, compared to 23.6 mm for the 5 pence coin at that time. The edge of the first Manx pound alternated between smooth and milled. It was made of virenium, an alloy which had a silvery colour but with a golden tint.

Offline malj1

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #2 on: October 15, 2018, 11:45:30 AM »

Does anybody know the thickness of the 5 pound coin - and also the "circulation" 1 pound coin of 1978?


The 5 is 2.65mm thick. The 1 is 1.43mm thick and can indeed be picked up with a magnet.

these two have been kept in plastic flips since that time, I now find they have gone quite hard and the coins have discoloured.
Malcolm
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Offline malj1

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #3 on: October 15, 2018, 11:59:46 AM »
Another 5 from 1984

I have 1979, 1980 and 1981 pounds of the same design as 1978.
Malcolm
Have a look at  my tokens and my banknotes.

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #4 on: October 15, 2018, 12:59:33 PM »
Virenium has an unusual sheen to it, which can look golden in a certain light. The coins are interesting, but the pound coin was too thin and insubstantial to be accepted in that role.

Offline malj1

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #5 on: October 15, 2018, 01:06:56 PM »
Yes with these stored in plastic flips it was hard to choose between the one pound and the five pence without reading the denomination on each.
Malcolm
Have a look at  my tokens and my banknotes.

Offline andyg

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #6 on: October 15, 2018, 06:12:24 PM »
These early pounds are almost identical in size to the sovereigns (although half the weight) - which I presumes explains why the size clashed with the 5p
always willing to trade modern UK coins for modern coins from elsewhere....

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #7 on: October 15, 2018, 06:34:44 PM »
In the case of the UK round pound, the colour was meant to remind you of the old sovereign. Whether that was after-the-fact propaganda, or whether the memory of the sovereign did play a part in influencing the colour, I don't know.

Offline andyg

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #8 on: October 15, 2018, 07:18:22 PM »
In the case of the UK round pound, the colour was meant to remind you of the old sovereign. Whether that was after-the-fact propaganda, or whether the memory of the sovereign did play a part in influencing the colour, I don't know.

I suspect they didn't want everyone to realise how cheap the new round pounds were ;)
always willing to trade modern UK coins for modern coins from elsewhere....

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Re: Isle of Man circulation 1 and 5 pound coins
« Reply #9 on: October 15, 2018, 07:29:39 PM »
Yes, the Royal Mint was given a very tight budget, otherwise they'd have produced something around the size of the current 2 pound coin -  but that space was anyway already occupied by the old large 10 pence.