Posts Tagged ‘£1’
The $1 Coin Series set to become a Collecting Phenomenon…
We’ve been admiring US coinage recently and if you’ve read our previous blog detailing the series that half of American collected, you’ll be very excited to hear that starting from 2019, the United States Mint will begin minting and issuing the American Innovation $1 Coin Act – a brand new coin series honouring American innovation.
This latest numismatic programme looks set to follow on from the success and popularity of the US Territories Quarters series mentioned above, which not only kick started coin collecting in America, but worldwide!
Each coin represents its own state and will be released in the order that its respective state was ratified in the Constitution of the United States and admitted to the Union.
Candidate designs developed for the 2018 American Innovation $1 Coin Program in accordance with the Act that authorized them. Credit: www.usmint.gov
Released over a 14 year period, these coins will all bear an obverse with the Statue of Liberty and the inscriptions of “$1” and “In God We Trust”. The reverse images will be representative of a significant innovation, an innovator/group of innovators from each of the 50 states, the District of Columbia and the territories of the US. The reverse designs will be selected by the Secretary of the Treasury after consultation with each Governor, chief executive and the U.S Commission of Fine Arts.
Most excitingly, the first introductory coin is set to be released later this year! The reverse of this coin will be inscribed with “United States of America” and “American Innovators,” and it will include a representation of President George Washington’s signature on the first U.S. patent.
Following this introductory coin, the rest will be released at a rate of 4 coins per year. Just like the US State Quarters Series, The American $1 coins are expected to rapidly become one of the most widely collected series. But will you be collecting these new US $1 coins? Let us know in the comments below!
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Start collecting US coins today!
2009 District of Columbia and United States Territories Quarters! Credit: usacoinbook.com
Start your very own journey into US coin collecting with the US State Quarters that Half of America Collected…
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.
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.
Variations showing milling to the right. Credit: Coin News
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.
Variations in the gap of the ‘T’ relative to the edge of the inner ring. Credit: Coin News
Variations in the position of the truncation relative to the edge of the inner ring. Credit: Coin News
Variations in the tip of the diadem relative to the edge of the inner ring. Credit: Coin News
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.
Variations in the gap of the ‘D’ relative to the inner ring. Credit: Coin News
Variations in the gap of the ‘DP’ relative to the inner ring. Credit: Coin News
Variations in the position of the leek relative to the edge of the inner ring. Credit: Coin News
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.
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.
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’.
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
Is this a new £1 minting ‘error’?!
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.
The latest £1 ‘error’ coin appears to be a 12-sided £1 die struck on an old round £1 coin base. (Image: Zeki Atma)
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!
One of the first examples of this ‘error’ coin has sold for £205 on eBay!
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”.
Another example of this latest ‘error’ will be available to purchase at auction on the 21st February. (Image: Coin news)
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.