Winner will see design on ‘tails’ side and receive £10,000!
The Royal Mint has launched a nationwide competition to design one side of the new £1 coin.
Members of the general public are being offered the rare chance to put forward their creative ideas for the image to be featured on the reverse or ‘tails’ side of the coin.
The Queen’s head will feature on the ‘heads’ side.
The winner of the competition will get to see their idea transformed as well as receive a tidy £10,000 design fee!
The new £1 coin
The new £1 coin was announced in this year's Budget and is due to enter into circulation in 2017.
The final specification of the coin is being finalised following a public consultation, but is set to have the same 12-sided shape as the old three pence piece, or ‘threepenny bit’.
It will also feature a bi-metallic construction in two colours and come with the Royal Mint’s anti-counterfeiting technology (Integrated Secure Identification System or iSIS).
It’s claimed the new construction will make the coins the most secure in the world.
Design brief
The Royal Mint wants designs to symbolise Britain.
Entries will be judged by a panel of the Royal Mint Advisory Committee, which normally reviews new designs of coins, medals, seals and decorations.
The Committee will examine each entry using the following criteria:
- How well does the design meet the published design brief?
- How well has the design made use of the template?
- How well would the design work as a coin?
- How creative and original is the design?
The Committee will pass its selected design onto the Chancellor of the Exchequer and the Queen for final approval.
George Osborne, the Chancellor of the Exchequer suggested thinking about "your favourite landmark, or a great British achievement or a symbol from our Islands’ story".
For more inspiration check out the Royal Mint's dedicated competition webpage.
How to enter
The competition is open to anyone who wants to enter, regardless of age or nationality and entrants can submit more than one design.
You’ll need to register your details on the Royal Mint website to download a template. This will generate a unique reference code to track your entry/entries.
To ensure your entry is considered you’ll need to make sure you stick to the design rules. You should also take a look at the full terms and conditions.
Entries can be submitted online or by post, but need to be in by 23:59 on Thursday 30th October 2014.
The winner will be announced next year.
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