when did the new pound coin come out
One pound (British coin) The original, round £1 coin replaced the Bank of England £1 note, which ceased to be issued at the end of 1984 and was removed from circulation on 11 March 1988, though still redeemable at the Bank's offices, like all English banknotes. One-pound notes continue to be issued in Jersey, Guernsey and the Isle of Man, and by the Royal Bank of Scotland, but the pound coin is much more widely used. A new, dodecagonal (12-sided) design of coin was introduced on 28 March 2017 [4] and both new and old versions of the one pound coin circulated together until the older design was withdrawn from circulation on 15 October 2017. After that date, the older coin could only be redeemed at banks,[5] although some retailers announced they would continue to accept it for a limited time.[6] The original round pound remains legal tender on the Isle of Man.[7]
Sixpence (British coin) Beginning with Lord Wrottesley's proposals in the 1820s, there were various attempts to decimalise the pound sterling over the next century and a half.[9][10] These attempts came to nothing significant until the 1960s when the need for a currency more suited to simple monetary calculations became pressing[citation needed]. The decision to decimalise was announced in 1966, with the pound to be divided into 100, rather than 240, pence.[11] Decimal Day was set for 15 February 1971, and a whole range of new coins were introduced. Sixpences continued to be legal tender with a value of ​2 1⁄2 new pence until 30 June 1980.[12]