'Ordinary' £1 coin could have mistake making it worth £500
You will have to look closely to spot this tiny error, an expert said.
Brits have been urged to double check their £1 coins for a tiny error that could make them worth 500 times their face value. This coin will seem 'ordinary' at 'first glance', but could sell for up to £500 to collectors.
In a video uploaded to social media platform TikTok, an expert known as the Coin Collecting Wizard explained what to look for. He displayed an image of the modern 12-sided £1 coins now used in the UK.
'So we all know these are the pound coins we can find in our everyday change, but did you know there is a rare error version worth £500,' he said. The 12-sided £1 coins came into circulation in the UK in April 2017.
However a number of coins had also been minted in 2016 in preparation. And some of these were struck with a tiny error along its rim, making them highly sought after.
The expert continued: 'At first glance it looks like an ordinary pound coin, right? Well this is why you need to look even closer for that special pound coin.'
The error means that the main date of the coin, by the Queen's head will say '2016' while a tiny inscription on its outer rim will say '2017'. 'One of the most fascinating modern £1 coin errors to look out for, the 2016 coin with a micro engraving that actually says '2017',' he said.
'At first glance everything looks perfectly normal. The main date on the coin clearly reads '2016' like many others from the initial batch of the new 12-sided £1 coins.
'But if you look really closely, and we mean really closely, there's a hidden detail around the edge of the whole coin. You'll need a microscope or a very strong magnifying glass to see it but if the micro-engraving shows '2017' instead of '2016' then you've potentially got a rare minting error on your hands.'
He added: 'A few of these have popped up and collectors have paid around £500 for them. It's a great example of how even the smallest detail can turn an everyday coin into something quite special, so it's worth checking your change carefully.'
Experts at Change Checker backed up his advice. They said: 'Firstly, although both 2016 and 2017 obverse-dated £1 coins entered circulation in April 2017, the die-error mix-up appears to have only occurred on a limited number of coins with a 2016 date on the Queen's head side. So it's worth checking any 2016 coins.
'You'll need to look just inside the rim of the design side of the coin, where you will see some tiny writing. You'll almost certainly need a microscope to properly see the writing, which should reveal the date.'
According to them, an example of this coin was sold for £2,500 to a buyer in Spain in 2017. However, they estimated that the value of this coin, in excellent condition, is between £300 and £500.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
an hour ago
- Daily Mail
Popular coffee chain faces backlash over charging almost £5 for 'squash and tap water' that's sold as ice tea
A Costa Coffee barista has revealed the surprising recipe behind the brand's new drinks line. Taking to TikTok, UK-based Katrina Corfield shared footage of herself making what appears to be a beverage from the 'Refresher' range. The brand has two refresher drinks on offer, Dragon Fruit & Guava and Strawberry, Watermelon & Mint, which they describe online as being 'exotic', and including either dragon fruit or strawberry pieces. However, she claimed that the drink, which she said costs £4.10 at her branch, is simply made of 'squash and water'. 'You're paying £4.10 for squash and water by the way babes,' Katrina wrote in the video. In the clip, Katrina showed her process of making one of the beverages. The simple recipe involved her pouring a shot of concentrated juice into a cup, adding coloured powder, water, and ice, and shaking it all. The barista added in the caption, 'Exposing Costa #costacoffee #fyp #sorrynotsorry #coffee.' Katrina's clip quickly racked up over half a million views, with people taking to the comment section to share their thoughts. MailOnline has gone to Costa Coffee for comment. One joked, 'That will be £100 please.' A second simply said, 'Omg,' before adding an annoyed face emoji. Another wrote, 'I got a pink lemonade the other day. She used tap water! £3.70 for tap water!' A fourth wrote, 'Proves people will pay above the odds for literally anything they don't have to make themselves.' But one thought differently, writing, 'And bean water and milk is the same price. It's tasty, who cares.' It comes after Costa Coffee faced backlash for charging more for drinks at hospital stores compared to those on the high street. UK branches located in hospitals are reportedly charging up to 20p more for dozens of hot and cold beverages. The price hike, which has been branded a 'sickness tax' by critics, is said to see multiple beverages cost five per cent more compared to prices at high street stores. Research conducted by The Sun found that a small latte or cappuccino costs £3.60 in Newcastle's Northumberland Street but £3.80 at nearby hospital, Medivest's Royal Victoria Infirmary. It wasn't the only place charging different amounts for drinks purchased in a hospital, with the news outlet finding examples from across the country, including in Sheffield, London, and Chichester. The price differences have sparked outrage, with independent consumer champion, Martyn James, saying, 'It is reprehensible that companies do this while people experience some of the most distressing times in their lives.' Elsewhere, Dennis Reed from an over 60's campaign group, Silver Voices, said, 'Costa Coffee should be ashamed of itself for putting a tax on illness and injury'. A Costa Coffee spokesperson told MailOnline, 'We collaborate with various partners across the UK to offer Costa Coffee in different settings, including hospitals. 'Each partner establishes their own pricing, which can result in some Costa Coffee items being priced differently due to the operating costs of those locations. 'We regularly assess pricing with our partners to ensure it remains competitive within the relevant retail environment, while maintaining a focus on quality and value.' It comes after Pret a Manger announced the launch of new dine-in restaurants, complete with a refreshed menu and porcelain crockery in a bid to draw in hybrid workers. Viewers took to the comment section to share their thoughts on Katrina's clip - and opinions were mixed on the matter The British sandwich giant will test the shop format in towns that offer fewer 'grab-and-go' options as it aims to keep customers in store for longer. Croque monsieur and a caprese melt are among the made to order food items on offer, and the company's managing director believes there could be more than 100 dine-in stores opening in the future. Unlike present outlets, there will only be one 'ready-to-go' refrigerated shelf as employees prepare fresh baguettes over the course of the day. Two shops are set to be trialled in the immediate future - at Broughty Ferry near Dundee and Maidenhead in Berkshire. The stores will be complete with their own play area for children. Clare Clough, Pret's Managing Director for UK & Europe, said working patterns had changed since the pandemic 'and that probably is here to stay'. She added: 'The hybrid working model gives us more confidence in more towns.' Both trial shops incorporate a large 'community table', which Pret says could be used by local groups such as mothers or knitting clubs. Ms Clough said: 'The white space opportunity for the brand is big and therefore we know we have to adapt the model ever so slightly.' She explained the typically grab-and-go element to Pret was less important to customers in smaller towns than busy city destinations. More than 80 per cent of the chain's store openings since January 2023 have been outside London. Ms Clough has said the new shop format 'will become a significant portion of the estate in the future' - estimating there could be more than 100. She added the list of target areas was 'long' and 'there are many regional towns around the UK where we're not, but we'd love to be in'. Pret currently operates 500 shops in the UK and Ireland in addition to 66 in the US, 100 in Europe and another 66 across Asia, the Middle East and Africa.
Wales Online
6 hours ago
- Wales Online
Eight in 10 Brits turn to money-saving strategies like 'no spend days' and savings pots
Eight in 10 Brits turn to money-saving strategies like 'no spend days' and savings pots A new study of 2,000 adults has revealed the most common ways we are actively looking to save extra cash. Brits are saving extra money where they can (Image: Getty Images ) A recent poll of 2,000 UK adults has found eight in ten are adopting various money-saving tactics to boost their finances. These strategies include creating separate savings 'pots', reviewing and cancelling unused subscriptions, and implementing 'no spend days'. Some people are also taking advantage of introductory offers by opening new bank accounts, reverting to using cash, and timing direct debit payments to coincide with payday. Additionally, many people are tracking their expenditure using methods such as spreadsheets, mobile banking apps, or traditional pen and paper. Merve Ferrero, chief strategy officer at Zopa Bank, said: "As the study shows, consumers want their finances to work harder – more dough with less effort, alongside digital ease and convenience. Instead of ease, they're stuck juggling clunky apps and loyalty to banks that give back next to nothing. "While money is tight for most of us, today there are smart moves that can make money go further." In response to these findings, Zopa Bank has introduced its new flagship Biscuit account, designed to provide a seamless customer experience and attractive rates. To promote the launch, the company presented food critic Grace Dent with a unique edible credit card. Article continues below Grace Dent was presented with Zopa Bank's new 'Biscuit' current account (Image: PinPep ) Research showed that using these money-saving hacks left people feeling enthusiastic, happy and at ease. Yet, despite the majority adopting approaches to make their money do more for them, many are reluctant to change their ways. Four in ten respondents reported staying loyal to their bank for more than 20 years. However, only one in five believed they were receiving a good enough deal. Article continues below Grace Dent takes a bite out of Zopa Bank's new 'Biscuit' (Image: PinPep ) One fifth admitted to never having contemplated switching bank accounts, but suggested they could be tempted if they were offered a better savings rate or received a reward for joining. Merve said: "Cashback on monthly bills and competitive interest on our hard-earned savings can add value at every bite – making life just a little easier. As consumers, we want to get the value that we deserve, with less effort."
Daily Mirror
7 hours ago
- Daily Mirror
'Ordinary' £1 coin could have mistake making it worth £500
You will have to look closely to spot this tiny error, an expert said. Brits have been urged to double check their £1 coins for a tiny error that could make them worth 500 times their face value. This coin will seem 'ordinary' at 'first glance', but could sell for up to £500 to collectors. In a video uploaded to social media platform TikTok, an expert known as the Coin Collecting Wizard explained what to look for. He displayed an image of the modern 12-sided £1 coins now used in the UK. 'So we all know these are the pound coins we can find in our everyday change, but did you know there is a rare error version worth £500,' he said. The 12-sided £1 coins came into circulation in the UK in April 2017. However a number of coins had also been minted in 2016 in preparation. And some of these were struck with a tiny error along its rim, making them highly sought after. The expert continued: 'At first glance it looks like an ordinary pound coin, right? Well this is why you need to look even closer for that special pound coin.' The error means that the main date of the coin, by the Queen's head will say '2016' while a tiny inscription on its outer rim will say '2017'. 'One of the most fascinating modern £1 coin errors to look out for, the 2016 coin with a micro engraving that actually says '2017',' he said. 'At first glance everything looks perfectly normal. The main date on the coin clearly reads '2016' like many others from the initial batch of the new 12-sided £1 coins. 'But if you look really closely, and we mean really closely, there's a hidden detail around the edge of the whole coin. You'll need a microscope or a very strong magnifying glass to see it but if the micro-engraving shows '2017' instead of '2016' then you've potentially got a rare minting error on your hands.' He added: 'A few of these have popped up and collectors have paid around £500 for them. It's a great example of how even the smallest detail can turn an everyday coin into something quite special, so it's worth checking your change carefully.' Experts at Change Checker backed up his advice. They said: 'Firstly, although both 2016 and 2017 obverse-dated £1 coins entered circulation in April 2017, the die-error mix-up appears to have only occurred on a limited number of coins with a 2016 date on the Queen's head side. So it's worth checking any 2016 coins. 'You'll need to look just inside the rim of the design side of the coin, where you will see some tiny writing. You'll almost certainly need a microscope to properly see the writing, which should reveal the date.' According to them, an example of this coin was sold for £2,500 to a buyer in Spain in 2017. However, they estimated that the value of this coin, in excellent condition, is between £300 and £500.
