The coin was first issued on April 21, 1983, as it was felt that a coin would be more useful than the less robust
The purchasing power of the £1 coin has changed considerably since it first became legal tender. A loaf of bread cost 38p in 1983 according to Office for National Statistics (ONS) figures, compared with £1.24 by 2012.
A pint of milk was just 21p in 1983, but by last year it had more than doubled to 46p.
A £1 coin would have stretched to a whole pint of lager back in the 1980s, with the average pint costing around 93p in 1987. By last year, the average price of a pint was £3.18.
More top news
Friday night's weather for the East of the region
Friday night's weather for the West of the region
Manali Lukha presents the Meridian weather forecast for the west of the region.