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18 March 2015, 06:38
A 15-year-old boy from the West Midlands says he's 'delighted' his design's been chosen for the back of the new one pound coin.
David Pearce from Walsall made a pattern including a rose, leek, thistle and shamrock to represent the UK's four nations.
It'll appear on the "tails" side of the coin from 2017.
Speaking about his design David said:
"I was really excited to hear that I had won the competition to design the new £1 coin but hugely shocked as well!
"I heard about the competition through my design teacher at school and I thought I had nothing to lose so I decided to enter.
"I spent a lot of time researching what coin designs looked like and what sort of designs would represent all parts of the UK before submitting my idea and I honestly cannot believe I have won."
David found out his design had been chosen when Chancellor George Osborne phoned him.
Explaining more about the competition he said: "Designing the new £1 coin was a brilliant opportunity to leave a lasting legacy on what will be the most secure coin in circulation anywhere."
"The competition captured the imagination of thousands of people and David Pearce's winning design will be recognised by millions in the years ahead.
"It was fantastic to congratulate him and other young entrants in person in Downing Street."