Whereas under section 3(1)(a), (b), (c), (cc), (cd), (d) and (dd) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to determine the denomination, the design and dimensions of coins to be made at Our Mint, to determine the weight and fineness of certain gold coins, the remedy to be allowed in the making of such coins and their least current weight, and to determine the weight and composition of coins other than gold coins or coins of silver of Our Maundy money, and the remedy to be allowed in the making of such coins, to provide for the manner of measurement of the variation from the standard weight of coins, and to determine the percentage of impurities which such coins may contain:

And Whereas under section 3(1)(ff) of the Coinage Act 1971 We have power, with the advice of Our Privy Council, by Proclamation to direct that any coin shall be legal tender for the payment of any amount:

And Whereas it appears to Us desirable to order that there should be made at Our Mint coins of the denomination of one pound in gold and silver, having joined concentric inner and outer sections:

We, therefore, in pursuance of the said section 3(1)(a), (b), (c), (cc), (cd), (d), (dd) and (ff), and of all other powers enabling Us in that behalf, do hereby, by and with the advice of Our Privy Council, proclaim, direct and ordain as follows:

GOLD COIN

1. (1) A new coin of gold of the denomination of one pound shall be made, being a coin of a standard weight of 17.72 grammes, a standard diameter of 23.03 millimetres, a millesimal fineness of 916.66, and having joined concentric inner and outer sections.

(2) In the making of the said gold coin a remedy (that is, a variation from the standard weight, diameter or fineness specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.150 grammes;

(b) a variation from the said standard diameter of 0.125 millimetres per coin; and

(c) a variation from the said millesimal fineness of two per mille.

(3) The variation from the standard weight will be measured as the average of sample of not more than one kilogram of coins.

SILVER COIN

2. (1) A new coin of silver of the denomination of one pound shall be made, being a coin of a standard weight (including the gold plate) of 10.47 grammes, a standard diameter of 23.03 millimetres, a standard composition (excluding the gold plate) of not less than 925 parts per thousand fine silver, and having joined concentric inner and outer sections, the outer section being plated with fine gold.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight, composition or dimensions specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.3 grammes for the inner and outer sections;

(b) in relation to those parts of the coin other than the gold plating, a variation from the said standard composition of five parts per thousand fine silver; and

(c) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The said silver coin shall be legal tender for the payment of any amount in any part of Our United Kingdom.

SILVER PIEDFORT COINS

3. (1) A new coin of silver of the denomination of one pound shall be made, being a coin of a standard weight (including the gold plate) of 20.92 grammes, a standard diameter of 23.03 millimetres, a standard composition (excluding the gold plate) of not less than 925 parts per thousand fine silver and having joined concentric inner and outer sections, the outer section being plated with fine gold.

(2) In the making of the said silver coin a remedy (that is, a variation from the standard weight, composition or dimensions specified above) shall be allowed of an amount not exceeding the following, that is to say:

(a) a variation from the said standard weight of an amount per coin of 0.55 grammes for the inner and outer sections;

(b) in relation to those parts of the coin other than the gold plating, a variation from the said standard composition of five parts per thousand fine silver; and

(c) a variation from the said standard diameter of 0.125 millimetres per coin.

(3) The variation from the standard weight will be measured as the average of a sample of not more than one kilogram of the coin.

(4) The said silver coin shall be legal tender for the payment of any amount in any part of Our United Kingdom.

DESIGN OF THE COINS

4. The design of the said coins shall be as follows:

‘For the obverse impression Our effigy with inscription “· ELIZABETH II · D · G · REG · F · D £1”, and the date of the year. For the reverse a depiction of a rose, leek, thistle and shamrock encircled by and emerging from a crown with the inscription “ONE POUND” below. The said coin shall have alternate grained and plain edges.’

5. This Proclamation shall come into force on the thirteenth day of October Two thousand and sixteen.

Given at Our Court at Buckingham Palace, this twelfth day of October in the year of Our Lord Two thousand and sixteen and in the sixty-fifth year of Our Reign.

GOD SAVE THE QUEEN