Falkland Islands to introduce new 1 pound coin

[eurocoin]

The Falkland Islands will soon introduce a new standard circulating 1 pound coin. The coins will be produced at Pobjoy Mint.



Exclusive for World of Coins Forum.

[eurocoin]

40,000 coins have been ordered. The Government of the Falkland Islands is currently planning to withdraw the round 1 pound coin from January 2023. The Royal Mint will assist them with a coin reclamation programme.

[Jostein]

Thanks for the news, Niels!

Lets see if the rest of the British territories follow the Falkland Islands this year.

Best,

[Big_M]

Are Pobjoy to use the Royal Mint technology for the coin?

[eurocoin]

Are Pobjoy to use the Royal Mint technology for the coin?

I am sure the Royal Mint has made the minting dies and delivered the planchets.

[Alan71]

I certainly didn't expect the Falklands to be the first of the six territories to issue the new £1.  Usually they're the last (along with St Helena-Ascension).  Nice reverse design - looks to be a straightforward transfer of the old £1 design apart from the wording and font.

I still find it odd that both Isle of Man and Gibraltar continue with the old £1.  St Helena is more remote but the other two will be co-circulating the two types, with influxes of the UK one.  Jersey and Guernsey have a compromise - their own notes plus the UK coins.

[eurocoin]

This coin will likely be a 1-year type only. In 2021 the Falkland Islands are planning to introduce new reverse designs on all denominations of their circulating coins, including the 12-sided 1 pound coin.

[Jostein]

This coin will likely be a 1-year type only. In 2021 the Falkland Islands are planning to introduce new reverse designs on all denominations of their circulating coins, including the 12-sided 1 pound coin.

Thanks for the news eurocoin. Do you know when this coin will be available?

Best,

[eurocoin]

Thanks for the news eurocoin. Do you know when this coin will be available?

Best,

I am glad you like the information. I do not yet have a date of issuance for this coin.

[Alan71]

This coin will likely be a 1-year type only. In 2021 the Falkland Islands are planning to introduce new reverse designs on all denominations of their circulating coins, including the 12-sided 1 pound coin.

And they will then be ahead of the UK in issuing a second design for the new £1.

That portrait Pobjoy use does put me off their coins though.  That necklace and the round cut looks awful.  The head itself is OK, just needs a better cut (or coup or whatever it's called).

[eurocoin]

That portrait Pobjoy use does put me off their coins though.  That necklace and the round cut looks awful.  The head itself is OK, just needs a better cut (or coup or whatever it's called).

I agree that the cut is very bad.

[Pabitra]

As per Falklands, the round pound blanks are no longer available with the Royal Mint so bimetallic pound is inevitable for all the British territories
See

http://www.fig.gov.fk/assembly/public-papers/executive-council-papers/send/421-01-27-january-2020/2623-12-20p-currency-coins-regulations-order-2020

[Figleaf]

I am sure other possibilities to obtain highly similar blanks exist.

Peter

[eurocoin]

There also exist other blank manufacturers  Furthermore we already knew that Gibraltar is working on the introduction of a new 1 pound coin and that for example Guernsey and Jersey will not introduce such coin.

[Pabitra]

I am sure other possibilities to obtain highly similar blanks exist.

I am sure they do.
As per item 4.3, they perhaps want exactly same as those of Royal mint and not highly similar.
Perhaps, the size or order of 40,000 pieces ( see item 4.5) may not give the order economies of scale and may put the cost above the face value.
Logistics to and from Falklands to Europe is rather expensive else why would even a Penny cost me more than £3?