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Obverse of 2003 Silver Proof One Pound
Obverse of 2003 Silver Proof One Pound

Royal Arms on Reverse of 2003 Silver Proof One Pound Coin
Royal Arms on Reverse of 2003 Silver Proof One Pound Coin

2003 Silver Proof One Pound Coin in Presentation Box
2003 Silver Proof One Pound Coin in Presentation Box

2003 One Pound Coin
The year 2003 saw the return of the Royal Arms design used on the original one pound coin which entered circulation on 21st April 1993.

Obverse
The obverse bears the fourth portrait of Queen Elizabeth II, introduced on all UK coins in 1998.

Reverse
The reverse of the coin shows the Royal Arms, and it is appropriate that it should feature on one of the nation's premier coins.
Queen Elizabeth II is a direct descendant of the Sovereigns of England, of Ireland and of Scotland. Accordingly Her Majesty is head of the oldest continuing Royal Lines in Christendom. As the embodiment of the Sovereignty of those countries, Her Majesty quarters their historic Arms.
The Royal Arms achieved their present form upon the accession of Queen Victoria in 1837 and have remained essentially the same ever since.
This design was used on the original pound coin in 1983, and was also used in 1993, each time with a different portrait on the obverse of the coin.

Edge
The edge is not only milled but also inscribed. The inscription in Latin reads:-
DECUS ET TUTAMEN
Which may be translated as "an ornament and a safeguard". This inscription dates back to the first machine-struck coins minted in 1662 and was a device to prevent "clipping".

Llantrisant Mint Mark
On the milled edge of the coin is the Llantrisant mint mark - a cross crosslet. This is the first United Kingdom coin to be struck with this distinctive feature. The shape of the cross alluding to Llantrisant, which translated from the Welsh means "Church or Parish of the Three Saints".

Design Competition
The design process for the pound coin began with a competition for the reverse design of the new coin. The entries were judged by the Royal Mint Advisory Committee, whose President is the Duke of Edinburgh, and the selected design by Eric Sewell, formerly Chief Engraver of the Royal Mint, was then submitted for the approval of Her Majesty The Queen.

Technical Specifications
VersionDiameterWeightMetalAlloyAMW
Uncirculated in Folder22.509.50Nickel-brass  
Silver Proof22.509.50Silver0.925 Silver0.2825
Piedfort Silver Proof22.5019Silver0.925 Silver0.5650
Gold Proof22.5019.61Gold0.9166 Gold0.5779

Notes
Diameter = Diameter in millimetres
Weight = Weight in grams
Alloy = Proportion of precious metal
AMW = Actual weight in relevant precious metal content in troy ounces.

VersionMintageIssue Price £
Uncirculated in Folder23,760£6.95
Silver Proof, Box & Certificate15,830£26.95
Silver Piedfort Proof, Box & Certificate9,871£46.50

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Uncirculated in Folder

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Silver Proof

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Piedfort Silver Proof

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Postage & Packing:
UK: At buyer's Risk £3.50 or
Fully Insured £9 (Usually by Royal Mail Special Delivery)
USA: Airmail at buyer's risk $10 or
Fully Insured $20
For further details, please see our Postage & Packing page.

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Silver Proof Pounds & Silver Piedfort Pounds
2003 Coin Sets
2003 Piedfort Silver Proof Three Coin Set
2003 Coins Index

If you want to find the value of a coin you own, please take a look at our page I've Found An Old Coin, What's It Worth?

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