The Laurel was the third British gold coin with a value of twenty shillings or one pound produced during the reign of King James I. It was named after the laurel that the king is portrayed as wearing on his head, but it is considerably poorer in both quality and style than the sovereign and Unite which preceded it. The coin was produced during James I's third coinage (1619-1625), five different busts of the king being used in these years. All the coins were produced at the Tower Mint in London. The laurel weighed 140.5 grains or just under 0.3 troy ounce, less than the previous Unite but almost exactly the same as the Unite issued under Charles I.

The earlier busts show considerably more detail of the king, who is looking to the left of the coin and has the value "XX" to the right, behind the kings' head. The legend on the obverse reads IACOBUS D G MAG BRI FRA ET HIB REX -- James by the grace of God King of Great Britain France and Ireland. The reverse shows a long cross over a crowned shield which shows the arms of the four countries, and the legend FACIAM EOS IN GENTEM UNAM -- I will make them one nation.

For other denominations, see British coinage.