One pound coin is a very common denomination used in the United States for coins.
One pound coin is actually quite a special coin, because it only has a face value, whereas all standard currencies have a face value plus a value. The one pound coin is, therefore, the only currency that can’t be exchanged for another.
That said, I do wish that the one pound coin was still available in these parts of the world. I’m all for a nice one pound coin, but I’m not sure what the situation is in the US for one pound coin.
In the US the only one pound coin is a legal tender. However, in the US there is no legal limit on the value of the one pound coin because the dollar can be exchanged for one pound coins. Also in the US, an ounce coin is the most common coin, so the one pound coin is just a bit more rare.
Yes, technically a one pound coin is legal tender in the US. The value of the dollar is so much greater than that of a one pound coin that if a federal law were passed limiting the value of the dollar to one, one pound coin would no longer be legal tender. However, this would mean that the value of the dollar would be more than one pound coin. This would be disastrous for inflation.
That’s still a bit of a problem, but there’s a solution. In 1983, the value of the dollar was around one pound, and it was worth about $17 per ounce. To get an ounce you would have to pay $17.25. Then, as the value of the dollar increased in 1983, the pound (which had been about two pounds since 1983) would become worth more than the dollar, and the one pound coin wouldn’t be worth the exact same amount of money.
A similar thing happened in the early 50s, when the gold standard was introduced. The value of the dollar and the pound were both roughly the same amount of gold. Gold was worth 5 dollars to the ounce, and the pound was worth two dollars to the pound. The one pound coin would be worth slightly more than the dollar. The value of the dollar would remain the same, and the one pound coin would not have the exact same value.
The most famous example of this was the one pound coin that was introduced in the US in 1983. It was the first time anyone had ever tried to mint a one pound coin, and the people who did it were so excited that they all decided to keep the coin in the same exact spot. The one pound coin was worth exactly the same amount of money as the dollar.
The one pound coin was only a little bit bigger than the dollar, and the value of the dollar was exactly the same as the one pound coin. This meant that the one pound coin was worth exactly the same as the dollar when it was first introduced. However, once the one pound coin was introduced into circulation, the value of the dollar fell. The dollar’s value fell from $1 to $6, and the one pound coin’s value fell from $1 to $2.
When the value of the dollar fell so low, the one-pound coin had to have been worth less. If the one-pound coin had been worth $1, it could have made the one-pound coin worth only $1.