New designs for the regular coins of Great Britain have been recently approved. The coins with these designs will be minted for the next 40 years. One pound coin will bear the complete shield of Royal coat of arms, and this design will be dividedly seen on other coins of small denomination of
1 penny, 2 pence, 5 pence, 10 pence, 20 pence and 50 pence. And the other side will have the Queen's head. They are very attractive designs. The new coins are being minted and will come into circulation later this year. It is the first change to the country's coinage since decimalisation was first introduced in April 1968. The old coins will remain legal tender alongside the new versions but only the minting would be discontinued.