The governments of Jersey and Guernsey say they don't plan to mint new £1 coins following an offer from the UK Treasury.
Officials there have invited Crown Dependencies and Overseas Territories to mint their own versions of the 12-sided coin to symbolise their link with the British Isles.
A spokesperson for Jersey's government told ITV News:
The States of Guernsey Treasury said:
The idea of a local coin has sparked interest on social media, with the Guernsey donkey, Castle Cornet, a Jersey cow and Elizabeth Castle among the suggestions for symbols to be featured if any such coin is ever minted.