These initially circulated alongside the pre-decimal coinage and had the same size and value as the existing and coins respectively.
However, the newÂ Â£1 coin, which was introduced in March 2017, is 12-sided and has a completely new design on the back.
The Bank also issued silver tokens to alleviate the shortage of silver coins.
The new coins are 11% thicker to maintain the same weight.
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The began issuing notes in 1695.