The obverse of the coin depicts the Lord Protector Oliver Cromwell as a laureated Roman emperor, with the inscription OLIVAR D G R P ANG SCO HIB &c PRO -- Oliver, by the Grace of God, Protector of the Republic of England, Scotland, Ireland, etc., -- while the reverse shows a crowned shield depicting the arms of the Commonwealth with the inscription PAX QVAERITVR BELLO 1656 -- Peace is sought through war.
The current value of the coin in "very fine" to "extra fine" condition is £3500 to £6000, although a Mr Pinkerton writing at the time that the coins circulated noted that many of the coins in circulation were so worn as to be almost flat.
The Broad was a Britishcoin worth 20 shillings (20/-) issued by the Commonwealth of England in 1656.
The obverse of the coin depicts the Lord Protector Oliver Cromwell as a laureated Roman emperor, with the inscription
The current value of the coin in "very fine" to "extra fine" condition is £3500 to £6000, although a Mr Pinkerton writing at the time that the coins circulated noted that many of the coins in circulation were so worn as to be almost flat.
The circulating Pound (£1) coin is minted from a nickel-brass alloy of approximately 70% copper, 24.5% zinc, and 5.5% nickel.
The coin was introduced in 1983 to replace the Bank of England One Pound note, which ceased to be issued at the end of 1984 and was removed from circulation (though still redeemable at the Bank's offices) on 11 March 1988.
It is estimated that 1% of £1 coins in circulation are counterfeit.
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