Great Britain has released the new designs for circulating coins, which will be released during the summer of 2008.
It is a full shield on the 1 pound coin, and portions of the shield on the lower denominations, so that they form a full shield. They are the same size and shape as the current coins.
Graphically, they are neet, pratically, I think it is silly, and that comes from a collector of British Coinage since 1974!
You can see the designs and story at the BBC.
The artist will receive over $60,000 for his efforts.