A pound coin floats in mercury due to the buoyant force upon it.
If the weight of an object is less than the weight of the displaced fluid when fully submerged, then the object has an average density that is less than the fluid and has a buoyancy that is greater than its own weight. If the fluid has a surface, such as water in a lake or the sea, the object will float at a level where it displaces the same weight of fluid as the weight of the object. If the object is immersed in the fluid, such as a submerged submarine or air in a balloon, it will tend to rise. If the object has exactly the same density as the fluid, then its buoyancy equals its weight. It will remain submerged in the fluid, but it will neither sink nor float. An object with a higher average density than the fluid has less buoyancy than weight and it will sink. A ship will float even though it may be made of steel (which is much denser than water), because it encloses a volume of air (which is much less dense than water), and the resulting shape has an average density less than that of the water.