£1 coins

Now’s the time to start your 12 sided £1 coin collection…

It’s been confirmed that 2018 dated £1 coins have now been released into circulation and Change Checkers are eagerly waiting for them to turn up in their change.

As of yet, the number of 2018 £1 coins in circulation is unknown and so we expect collectors to be keeping a close look out for these coins so that they can add them to their one pound collection! 

The round pounds were a part of our lives for 33 years but on the 15th October 2017, the coins were withdrawn from circulation forever. Just before their withdrawal, collectors joined the biggest race of its kind ever held – The Great One Pound Coin Race.

In an effort to complete their collections, change checkers were searching old coat pockets, smashing piggy banks and checking down the back of the sofa to see if they could be the lucky owner of some of the rarest coins – including the Scotland Edinburgh City £1, which tops our £1 Scarcity Index.

12 sided £1 collection

Now that the 2018 dated 12 sided £1 coin has entered circulation, we think that it’s the perfect time to start building up your collection of 12 sided £1 coins to be sure that you don’t miss any from your collection.

The Nations of the Crown £1 design was chosen from a public competition, with the winning artwork being created by 15-year-old David Pearce featuring a rose, leek, thistle and shamrock bound by a crown. Although we do expect future commemorative designs on £1 coins, for now the coins issued only feature the definitive ‘nations of the crown’ design.

We know that of the 1.5 billion 12 sided £1 coins struck to replace the old round pound in 2017, roughly half a billion were dated 2016 and collectors will be keen to secure themselves a 2016 dated £1 coin to start their collection, which can now also include 2017 and 2018 dated coins.

one pound Copy 1024x661 - Now's the time to start your 12 sided £1 coin collection...

What about the errors?

When these coins were first released, there were many stories from people claiming that they had found an error coin worth thousands. In reality, with such a high number of £1 coins being minted in 2017, there were bound to be variations in the design and quality of striking which you can find out about here.

However, the confirmed dual dated £1 error coin would certainly be one to look out for, with one such coin being valued at £3,000!

Dual Dated - Now's the time to start your 12 sided £1 coin collection...

The Dual-Dated £1 feature the dates 2016 on the obverse and 2017 on the reverse

 

Have you been one of the first few to find a 2018 dated £1 coin in your change and will you be holding onto it for your 12 sided £1 coin collection? Let us know in the comments below and don’t forget to keep checking your change to see if you can spot the new 2018 pound.


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - Now's the time to start your 12 sided £1 coin collection...

Sign up today at: www.changechecker.org/app

Spot the difference! Variations in the 12 sided £1 explained.

A common query we’ve been hearing at Change Checker HQ comes from people asking about variations in their 12 sided £1 coins.

Having read David Groom’s fascinating articles in the April and May issues of Coin News, we’ve found the key facts which explain these variations, what to look for and why they might have occurred.

 

Coins 1024x341 - Spot the difference! Variations in the 12 sided £1 explained.

 

We know that of the 1.5 billion 12 sided £1 coins struck to replace the old round pound, roughly half a billion are dated 2016.

Of course, having such a high mintage figure must lead to varieties in design and quality of striking, however in the Coin News examination of just 40 randomly selected 12 sided £1 coins, an extraordinary number of varieties appeared…

 

Edges

Perhaps the most talked about variation with the 12 sided £1 is the milling on the edge of the coin, with ‘lefties’ being a common error in the milling process.

 

Milling right - Spot the difference! Variations in the 12 sided £1 explained.

Variations showing milling to the right. Credit: Coin News

Milling left - Spot the difference! Variations in the 12 sided £1 explained.

Variations showing milling to the left. Credit: Coin News

 

Obverses

Groom’s article suggested four clear variations can be found on the obverse of the coin, including position of the design and text.

 

Obverses gap between T and edge of inner ring - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the gap of the ‘T’ relative to the edge of the inner ring. Credit: Coin News

Obverses position of truncation - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the position of the truncation relative to the edge of the inner ring. Credit: Coin News

Obverses tip of diadem 1 - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the tip of the diadem relative to the edge of the inner ring. Credit: Coin News

Reverses gap between D and edge of inner ring - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the gap of the ‘D’ relative to the inner ring. Credit: Coin News

 

Reverses

Groom also highlighted the four clear features of difference for the reverses of the new £1 coins.

 

Reverses gap between D and edge of inner ring - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the gap of the ‘D’ relative to the inner ring. Credit: Coin News

Reverses gap between DP and edge of inner ring - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the gap of the ‘DP’ relative to the inner ring. Credit: Coin News

Reverses postion of leek 1 - Spot the difference! Variations in the 12 sided £1 explained.

Variations in the position of the leek relative to the edge of the inner ring. Credit: Coin News

Reverses intersection of rose - Spot the difference! Variations in the 12 sided £1 explained.

Variations in how the rose is intersected. Credit: Coin News

 

Misalignment

One of the most common variations seems to be misalignment of the coins, particularly where the outer and inner sections do not align properly.

 

Misalignment - Spot the difference! Variations in the 12 sided £1 explained.

Variations in alignment. Credit: Coin News

 

Dates

We have spoken before in our blog about the dual-dated £1 coins, with one such coin being valued at £3,000.

Groom also mentions that many examples of the 2016 pound coin have the date numbers very poorly struck, making the date hard to read.

 

Poorly struck date - Spot the difference! Variations in the 12 sided £1 explained.

The date on some 2016 £1 coins have been poorly struck. Credit: Coin News

 

Royal Mint trial coins

Trial coins are issued when new coin specifications are being tested, but they should not enter circulation.

These feature the words ‘The Royal Mint’ and ‘Trial Piece’.

 

Rare coin 908366 - Spot the difference! Variations in the 12 sided £1 explained.

Credit: eBay: Rare £1 coin – new 12-sided trial coins sold for £500

 

Whilst there are clearly a number of variations to be found in the 12 sided £1 coins, Coin News suggests that these may arise from off centre striking, or be due to the different characteristics from the two metals of the bimetallic coin.

Auction sites such as eBay may have sellers claiming these as ‘error’ coins, with listed prices rising to hundreds or even thousands of pounds, but for us Change Checkers, finding these variations in our coins is what makes collecting that much more interesting.

Many of you have been in touch telling us about the difference in your 2016 and 2017 12 sided £1 coins. Have you spotted any of the above variations in your coins?

– Credit ‘Up close, the new 12 sided £1 coin’ – David Groom, Coin News, April and May 2018


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Sign up today at: www.changechecker.org/app

How much is my coin worth? – A five point guide.

How much is my coin worth? It’s a question I’m asked multiple times each day, and with some coins selling for many times their face value, I understand why you’d be keen to know.

ST Change Checker 2 and 50p Coins Image - How much is my coin worth? - A five point guide.

The truth is, it’s very hard to tell you exactly what your coin is worth as it depends on so many variants. Coins are no different to any other kind of collectible in many ways; there are certain criteria which you should always look out for, which can help you to determine how collectible or valuable your coin is.

Often it’s a very difficult question to answer but with a little bit of detective work you should be able to work out an accurate value for your coin. I’ve put together some useful tips, in our 5 point guide below, to get you started:

1. Change Checker Scarcity Index

The first place to start is our Change Checker Scarcity Index. I believe this to be the single most accurate way of determining how scarce your coins are. Whilst it doesn’t give you an actual value we know that the value of a coin is directly linked to scarcity.

50p and 2 Pound Scarcity Twitter 1024x512 1024x512 - How much is my coin worth? - A five point guide.

The Change Checker Scarcity Index is a very useful tool to help value your coin

Historically, when trying to determine the scarcity of a coin, the mintage figure was considered the most accurate indicator. Whilst the mintage figures are undoubtedly important, our Scarcity Index also takes into consideration some very useful data from our Change Checker web app.

We combine the mintage information with two other key pieces of information:

  • How many of each design are listed as “collected” by Change Checkers, indicating the relative ease of finding a particular coin.
  • The number of times a design has been requested as a swap over the previous 3 months, showing the current level of collector demand.

It’s very simple to work out how scarce your coin is, each coin is given a score out of 100, the higher the score the more scarce that coin is.

2. eBay is best

Once you’ve determined the scarcity of your coin the next step would be to take a look at what has recently sold on eBay. It’s very important that you make sure you look at ‘recently sold’ coins and not just those that have been listed. Essentially, anybody can list a coin on eBay and charge whatever amount they wish.

By checking the recently sold items (and I’d suggest you look at the previous 3-5 coins sold) you will get an accurate indication of what people are willing to pay for a particular coin.

Ebay Recently sold 1024x525 - How much is my coin worth? - A five point guide.

Make sure you look the ‘Sold Listings’ on eBay to check the price people are paying for coins.

Also, if you are looking to sell any coins in your collection, I’d definitely recommend eBay as the easiest, and importantly, the most secure platform to do this.

3. Are your coins still available to buy in BU quality?

Next, it’s worth checking if the coin in your collection is still available to purchase in superior Brilliant Uncirculated quality from an official Royal Mint distributor. If it is still for sale,  it’s unlikely that people would purchase a circulation quality coin for the same price.

Westminster Shop - How much is my coin worth? - A five point guide.

If Brilliant Uncirculated coins are still available to purchase, it’s unlikely people will buy a circulation quality coin.

If there are no longer any BU coins available to buy, this will work in your favour as collectors will then look for circulation quality coins to add to their collections.

4. Coin condition

It’s definitely worth checking the condition of your coin as this will, almost always, have an effect on the value.  It’s no surprise that collectors favour the more pristine coins to those that are showing signs of wear and tear due to circulation.

Change Checker 1 Pound Circulated BU Comparison 1 - How much is my coin worth? - A five point guide.

The condition of your coin will likely affect its value.

However, your coin’s condition is not the be all and end all; it’s very rare to find a circulation 2002 Commonwealth Games £2 coin in good condition yet these sell for many times their face value.

5. Is there a story?

This can often tie-in with rarity, as the coins with a good story behind them tend to be the ones which are difficult to get your hands on! The “undated 20p” is a recent example of a such a coin. It is known as a ‘mule’ – a coin with a mismatched obverse and reverse (heads and tails). The name derives from a mule being the hybrid offspring of a horse and donkey.

undated 20p - How much is my coin worth? - A five point guide.

The ‘undated 20p’ generated a huge amount of media coverage resulting in coins selling for many times their face value.

In 2008 when the reverse of the 20p coin changed to the new Royal Shield design, approximately 100,000 coins were accidentally struck with the previous obverse die and therefore there was no date on the coin.

In a similar way to the Kew Gardens story, some of the prices being quoted as a result of media coverage were extraordinary. Mules are highly sought after by collectors, and an undated 20p will certainly be worth more than its face value in years to come.

It’s always good to remember that if  your coin is legal tender, it will always be worth at least its face value.The good news…

That’s why I think change collecting is the best hobby you could have!


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - How much is my coin worth? - A five point guide.

Sign up today at: www.changechecker.org/app