1988 UK Royal Mint - Brilliant Uncirculated £1 Coin in folder - ONLY 29,550 RELEASED
By 1980 it had become apparent that with the general decline in purchasing power, the £1 unit of currency was more appropriate to a coin than a banknote.
After consultation with many groups including retailers and special interest groups, the Government announced on 31 July 1981 that a new £1 coin that was to be issued on 21 April 1983.
Since its launch the £1 has always represented the United Kingdom and its constituent parts; England, Wales, Scotland and Northern Ireland.
According to the Royal Mint, "The reverse of the 1988 £1 was designed by a senior member of The Royal Mint's engraving department; Derek Gorringe. He chose to depict one of our nation's noblest heraldic emblems - the Royal Arms of Her Majesty The Queen, surmounted by the Crown of St Edward. Displayed in regal splendour on the obverse and perfectly complementing the Royal Arms on the reverse, is Raphael Maklouf's masterly portrait of The Queen."
Only 29,550 specimen grade coins were issued in these presentation folders.
The coin remain in Brilliant Uncirculated condition, preserved in the original Royal Mint holder, with the case like new.