Last year we reported on the ‘Dual-dated £1 coin error’ where the dates on the obverse and reverse were different, one reading 2016 and the other 2017.
Now another £1 coin ‘error’ has been discovered and this one is very interesting indeed! It would appear that a 12-sided £1 coin die has been struck on an old round £1 coin blank.
In the past week alone, we’ve seen 3 examples of this ‘error’ coin.
The first was from a Change Checker from Burnham-on-Sea who told us that they’d listed the coin on eBay. After receiving 22 bids, the coin sold for £205!
Another coin is being sold at an auction in London on Wednesday 21st February. The auctioneers, ‘Timeline’, who are based in Berkeley Square, describe the coin as an “exceptional modern rarity” and go on to say “…the coin is sure to attract much attention when it crosses the block later this year”.
The third report we have received was this morning from another Change Checker. Our advice to anybody who believes they have found this coin, or any other ‘error’ coins, would be to send the coin off to The Royal Mint Museum who offer a free verification service.
They will send the coin back to you with confirmation of their findings, which can take a few weeks depending on demand for the service. Here is the address:
Dr Kevin Clancy, Director of the Museum, The Royal Mint Museum, Llantrisant, Pontyclun, CF72 8YT
As yet, we have not seen proof that these coins have been verified by The Mint, so whilst they look genuine we will keep an open mind for the time being.
As usual, if you think you have found one of these coins or any other interesting ‘errors’, we’d love to hear from you.
Coins from Crown dependencies and overseas British territories can sometimes make an unexpected appearance in our change.
They are identical in size, shape and weight to UK denominations which means they often find their way into tills and vending machines undetected.
Finding one in your change can be an annoyance on one hand as technically the coins are not legal tender in the UK. On the other hand, from a collecting point of view, new and interesting designs are always a bonus!
Here’s a look at our top 5 favourite coin designs that have been issued by Crown dependencies and overseas British territories since decimalisation:
This beautiful 50p from Guernsey features two crossed freesia flowers with ‘FIFTY PENCE’ and the date at the top and ’50’ below the design.
The obverse features David Maklouf’s portrait of Queen Elizabeth II with the lettering ‘Bailiwick of Guernsey’ above, and also a small Guernsey Coat of Arms to the left.
This addition on the obverse makes the Guernsey 50p stand out when compared to UK 50p coins.
This 50p has the pre-1997 specifications.
Guernsey Lily £1 Coin
The Guernsey Lily £1 features the island’s Lily on the reverse, and the Guernsey Coat of Arms on the obverse.
This unusual obverse without the Queen’s head makes this particular coin stand out amongst other £1 coins, and makes it sought after by collectors.
Along with the UK, Guernsey withdrew their round £1 coins from circulation in October 2017.
Isle of Man Tower of Refuge £2
The Tower of Refuge is an important landmark on the Isle of Man. It was built in 1832 upon the reef on orders of Sir William Hillary, founder of the Royal National Lifeboat Institution.
The impressive tower with birds flying above it features on the reverse of this Isle of Man £2 coin. The obverse carries a new effigy of Her Majesty Queen Elizabeth II by Jody Clark, this effigy being reserved for the Crown dependencies and Commonwealth countries.
Gibraltar Candytuft Flowers 50p
This 50p features the denomination surrounded by a crown of Gibraltar Candytuft flowers, known as ‘Iberis Gibraltarica’.
Iberis Gibraltarica is the national flower of Gibraltar and is the symbol of the Upper Rock Nature Reserve which covers 40% of the country’s land area. Gibraltar is the only place in Europe where it is found growing in the wild.
With a mintage of just 30,000 in 1988, this 50p is 7 times rarer than the UK’s rarest 50p so is particularly scarce and sought after amongst collectors. This 50p has the pre-1997 specifications.
Jersey Resolute £1
The Resolute vessel was built in 1877 in Jersey by Thomas Le Huguet and was owned by Captain George Noel. The ship was used for trade before it was wrecked during a hurricane on 29th August 1905 at Friars Cove off Newfoundland.
The design depicts a two-mastered topsail schooner Resolute ship and was first issued into circulation in Jersey in 1994.
To ensure their currency would not be left vulnerable to counterfeiters, Jersey withdrew their round £1 coins from circulation in October 2017.
With a much lower population than the UK, some of these coins that can be found in your change can be extremely rare, so it’s worth keeping hold of them.
There is only one month left until the Round £1 coins are demonetised and the public, now more than ever, are being encouraged to spend or return their coins to the banks.
However, there’s a few coins you definitely shouldn’t be cashing in. Here are the ones to look out for:
Scotland: Edinburgh City
The Edinburgh City £1 coin was released in 2011 with a mintage of just 935,000, making it the lowest Round Pound by 680,000!
Taking this into account, there’s no real surprise that this coin sits top of our Scarcity Index with a perfect score of 100.
Such is the rarity, only 17% of Change Checker users list having this coin in their collection.
This coin currently sells for between £12-£16.
Wales: Cardiff City
Another of the capital cities series, the Cardiff City £1 coin is definitely one to keep.
This coin depicts the circular Coat of Arms of Cardiff as the principal focus to represent Wales.
This coin is worth between £11-£15.
England: London City
The 3rd coin from the capital cities series that you should hold on to is the London City £1 coin. Interestingly, the Belfast City coin does not make our list.
Released in 2010, this coin has a mintage of 2,635,000, much higher than Edinburgh and Cardiff but low in comparison to other £1 coins.
London City scores an impressive 77/100 in our Scarcity Index.
This coin can sell for between £5-£8.
Scotland: Thistle and Bluebell
The Thistle and Bluebell £1 coin was released in 2014 as part of the floral emblems series.
This coin features a thistle alongside a bluebell to represent Scotland.
This is worth between £3-£5.
UK: Crowned Shield
The UK Crowned Shield £1 coin was released way back in 1988, only 5 years after the Round £1 came into circulation.
Although it has a relatively low mintage figure of 7,118,825, this coin makes the list due to some interesting Change Checker App data.
It scores a 51 in our Scarcity Index but less than 1/4 of Change Checker users list having this coin in their collection and swap requests outnumber swap listings by 6 to 1!
This coin will sell for between £3-£5.50.
It’s worth noting that our valuations are based on coins that have recently sold on auction sites. The value of a coin depends on a number of factors including the coin’s condition.