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1 Pound - Elizabeth II 4th portrait, 1/2 oz Fine Silver

Issuer Royal Mint
Year 2003-2012
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Currency Pound sterling (decimalized, 1971-date)
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Obverse lettering ELIZABETH`II`D`G REG`FID`DEF IRB `1`POUND`
(Translation: Elizabeth the Second by the Grace of God Queen Defender of the Faith)
Reverse description The helmeted bust of Britannia faces left, her classical profile overlaid with a bold stylised wave motif evoking the sea, a design element characteristic of Philip Nathan's Britannia series. The figure is rendered in a modern, graphic style with strong linear forms. Vertical inscriptions appear to the left and right of the central device, naming the coin's denomination and silver content. The year of issue is incorporated into the reverse legend.
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Additional information

Britannia silver bullion coins were redenominated to £2 in 1997, making this £1 face value piece something of an anomaly — it belongs to a short-lived parallel series of fractional Britannia issues introduced to give the range more accessible price points. The .958 fineness is deliberately archaic, matching the old Britannia standard that predates the sterling .925 specification by centuries and was historically applied to plate and wrought silver rather than coinage.

The Spink references BSE4 and BSE4A distinguish between subtle specification variants across the production run.

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