The new 12-sided £1 has grabbed the headlines this week as collector’s really can’t wait to get their hands on one.
In fact, the new coins are proving to be so popular that people are willing to pay way over their face value to get hold of one before the official release date of March 28th.
Currently the only way to get hold of a brand new 12-sided £1 coin is to purchase a 2017 Annual Coin pack (which includes all the coins issued for 2017 struck to a Brilliant Uncirculated finish) or to visit the Royal Mint Experience in Wales and strike your own coin.
Sellers have cottoned on to this and are now selling their coins on auction sites with the ‘justification’ that they are not yet widely available – bids have even been fetching over 5000% their face value. But you really don’t need to pay these prices if you can hold on for a month or so.
But there’s no doubt that the more interesting pieces are the 2016 trial £1 coins that have also cropped up on online auction sites – one coin even sold for a whopping £200.
However, The Royal Mint has issued over 200,000 trial samples of the new £1 to industry stakeholders in preparation for the new coin. And The Royal Mint has made it clear that these coins don’t have legal tender status and have no redeemable value.
To put this into perspective, in 1994, The Royal Mint issued 4,500 packs of trial £2 coins. These packs can now sell for around £150 due to their scarcity.
When can I get a new 12-sided £1 coin?
The new £1 coin is due to enter circulation next month and you can start checking your change then. A Brilliant Uncirculated version of the coin will also be available to buy as an individual collectors piece from the 28th March.
Don’t forget to post a picture to the Change Checker Facebook page when you find one!
Be one of the FIRST people to own the new £1 Coin.
Today you can own all 13 of the United Kingdom’s 2017 coins including the brand new ‘Nations of the Crown’ 12-sided £1 within the latest annual coin pack.