Check your change for £1 coin worth £500 if it has this error
An expert has urged Brits to keep an eye out for a highly valuable £1 coin in circulation. This piece could be worth as much as £500 if it bears a specific error.
In a video uploaded to social media platform TikTok, an expert known as the Coin Collecting Wizard introduced his followers to this rare £1 coin from 2016. The new 12-sided £1 coins entered circulation in the UK in April 2017, although a number of coins had also been minted in 2016 in preparation.
However, some were struck with a tiny error along its rim. 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'.
The expert said: 'Look out for this £1 coin as it could be worth £500. Here's what to look for.
'A rare and valuable error has been discovered on some of the 12-sided £1 coins dated 2016, which feature a micro-engraving mistake that could make them worth up to £500.
'Although these coins are stamped with the year 2016 some carry a hidden micro-engraving on the inner rim that reads '2017' - a mismatch that should not exist.'
However, this error may be particularly hard to spot. He continued: 'The micro-engraving is one of the coin's advanced security features intended to match the date on the coin's face.
'This particular error is believed to have occurred during the early stages of production possibly as test runs or transitional issues between design stages because the Royal Mint introduced the new £1 coin into circulation in 2017. Any micro engraving referencing 2017 on a coin dated 2016 is a minting anomaly.
'These coins are extremely scarce and sought after by collectors with some reported to have sold for hundreds of pounds. If you come across a 2016 £1 coin it's worth checking under magnification.'
Experts at Change Checker supported 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
2 hours ago
- Daily Mail
Family favorite restaurant chain booming thanks to cracking deals… as industry struggles
It's been a terrible year for restaurants. But one major chain is bucking the industry's sour trend. Chili's, the Dallas-based Tex-Mex brand famous for baby back ribs and frozen margaritas, just posted a 24 percent jump in sales — serving millions more customers than last year. That's on top of a big increase in 2023, meaning the chain's sales have soared 39 percent over the past two years. Chili's has now logged five straight quarters of growth. It is a rare bright spot in an industry where many chains report diners are eating out less and cooking at home to save money. Chili's says it's attracting shoppers through its doors by focusing on young restaurant-goers and keeping prices low. The 1,200-store chain says its $10.99 three-plate value is one of its biggest attractions. It also pointed to a $14.39 burger and fries meal that targets ultra-low-cost establishments like Burger King and McDonald's. 'Chili's has been on fire lately and has been significantly boosting traffic to its restaurants,' Neil Saunders, head of retail at GlobalData, told 'There are a whole host of reasons for the success including improved menus and product quality, strong social media activity, and winning over younger diners.' Chili's is also helped by the fact it is good value for money, so it's an affordable indulgence for many Americans who are still feeling pinched by inflation, he said. Hochman, who took over the top role in 2022, simplified the Chili's menu and upgraded its french fry and chicken tender — or chicken 'crisper' — recipes. Brinker International spent more than $400 million on the new menu, plus adding more servers and upgrading outdated restaurants. Now, the menu focuses on four core offerings: burgers, chicken crispers, fajitas and margaritas. Instead of upping prices, the chain, which has over 1,000 locations across the US, offered deals including $6 margaritas and a $10.99 'Big Smasher' burger which it claims has 'twice the beef of a Big Mac.' At the same time, it still offers pricier options including steaks and ribs, for customers who are willing to spend a bit more. On TikTok, the company's channel features videos with well-followed influencers doing up-to-date trends. The company has over 180,000 followers. The famous rib-chain reported a stunning 24 percent rise in sales compared to last year The company thinks that its quality cooking is the secret recipe to its success. 'It's clear we have a winning product with our new ribs, and our intent now is to use them to drive traffic,' Chili's CEO, Kevin Hochman, told investors on Wednesday. 'Those who believe our success was driven solely from a cheese pull and social media are just not close enough to our story.' Other industry titans said their sales aren't cooking with gas. Consumer sentiment has remained consistently low this year, as inflation-weary shoppers continue to rein in unnecessary spending. And that has crunched several bottom lines. Burger King, Wingstop, Cava, Sweetgreen, Chipotle, and Shake Shack have all reported significant declines in quarterly sales or misses compared to Wall Street's expectations. They all remain profitable - but their lower-than-expected sales show a major change in the way Americans spend cash. Meanwhile, several iconic brands have plunged into bankruptcy as the higher cost of food and the lower traffic count create a financial double-whammy. TGI Fridays, Hooters, Red Lobster, Bertucci's, On The Border, and Buca di Beppo all declared Chapter 11 after financial struggles.
Daily Mail
2 hours ago
- Daily Mail
My father had a severe stroke so I have taken over his finances to manage his bills... NAB has done the unthinkable and now I'm furious
A woman has slammed one of the Big Four banks, claiming she was blocked from accessing her elderly father's account despite having enduring power of attorney. Andrea Fox claimed NAB cut her access to her father's bank account and accused the finance giant of holding his funds 'hostage'. Ms Fox has spent more than four years caring for her father's finances, including bills and rates, after he suffered a severe stroke. 'They locked me out of net banking and they put a hold on my dad's account which means that I cannot access his net banking at all,' she said in a TikTok. 'I cannot access his funds, which means I can't pay his bills for him.' Ms Fox's access to the account had been flagged by the bank's fraud department 'I spent an hour and a half on the phone with the bank. They basically treated me like a criminal, like I was trying to scam my father's money,' she said. After the long phone call, Ms Fox was eventually told she would need to attend an NAB branch in-person to resolve the issue. However, even after verifying Ms Fox's identity and seeing documents detailing her enduring power of attorney (EPOA), which legally appointed her to manage her father's finances, the bank seemed unwilling to help. 'They said they couldn't do anything about the bank block because the fraud department had put a hold on the account and stopped me from accessing that money,' Ms Fox said. 'They said it could be up to 30 days before they reinstate my access to dad's account. 'But guess what? I just got his pharmacy bill for his medication from the nursing home. I just got his rates notice. 'What did they say? "You can go into the bank branch and have that bill paid for you because we won't be reinstating your bank access". 'To say that I'm frustrated is beyond it. I went into that bank, trying to get something really simple sorted out, and walked out with tears in my eyes, a bright red face, feeling like I was a criminal.' In an emotional update on Friday, Ms Fox revealed NAB's fraud department had blocked her access temporarily so it could re-process the EPOA documents. 'Their reasoning was to make sure I wasn't defrauding my father of his money, even though I was going into the bank account to pay one of his bills,' she said. 'I had to go into the NAB today, stand in the line for all that time, explain the situation again and I had to go through a process to get out cash to then walk down to the post office to pay my dad's rates. 'That's just rubbish.' Ms Fox ended her rant by calling on NAB's fraud department to tell her 'what the hell is going on'. 'I cannot call up and inquire as to the progress of this. The bank cannot call up and inquire. All I can do is send an email, which they may respond to within 30 days, and that is not okay,' she said. 'It drives me crazy. It really does. 'The banking overreach, the protecting people's money, which is literally holding people's money hostage. 'I'm not okay with it. If my dad could actually speak for himself, he would not be okay with it either.' Several commenters recommended Ms Fox go to the banking ombudsman if her access wasn't reinstated soon. 'Put a complaint in at the bank, then put a complaint in at the ombudsman,' one wrote. 'They make it hard for us to look after our aging parents,' another said. 'What a nightmare,' another wrote. Others suggested why the bank may have initially blocked her access. 'Unfortunately this is a legislation issue, banks are required to periodically refresh everyone's ID,' one wrote. 'I think the bank is doing the right thing to protect your father's account,' another said. 'It's every bank following elder abuse legislation,' another wrote. 'I'd rather them be over-cautious than do nothing. At least you will get access back with no money taken. Imagine how many people are defrauded,' another said.
Daily Mail
3 hours ago
- Daily Mail
Why $4.50 items from Coles are sending Aussies into a frenzy as shoppers give their seal of approval: 'I need it'
Daily Mail journalists select and curate the products that feature on our site. If you make a purchase via links on this page we will earn commission - learn more A $4.50 item you can pick up at Coles is flying off shelves around Australia after going viral on TikTok. Ranch dips, dressings and sauces have long been a household staple in the US, but the flavour's popularity is suddenly skyrocketing Down Under thanks to a wave of Gen Z influencers sharing the creamy condiment with their followers on social media. Black Swan - a mainstay in Aussie fridges with its range of dips including hommus, tzatziki, and guacamole - has sent shoppers into a frenzy with the launch of two new limited-edition ranch dips. Available from Coles, the American-style dip comes in two flavours: classic Creamy Ranch Dip, and Buffalo Ranch Dip, created in collaboration with cult-favourite Frank's RedHot Sauce. The versatile snack accompaniment is made with yoghurt, garlic and herbs, and is a popular addition to salads, wraps, sandwiches, or drizzled on hot food and for dipping chips, fries, wings, and more. For those who enjoy a little more heat, the Buffalo Ranch Dip featuring Frank's RedHot Sauce blends the cool, creamy ranch with Frank's signature tangy spice. Ranch is the most popular condiment in American households, with over $1.3 billion in sales in 2024, outperforming even tomato ketchup. Black Swan Seasonal Edition Creamy Ranch A classic creamy ranch made with yoghurt and a bright blend of garlic and herbs. Perfect for dipping chips, drizzling on salads or adding to wraps and sandwiches. $4.50 Shop Black Swan Seasonal Edition Buffalo Ranch Made in collaboration with Frank's RedHot Sauce, it blends the cool, creamy ranch with Frank's signature tangy spice. This zingy flavour is great as a dip, added to a burger or as an accompaniment to wings. $4.50 Shop Its popularity is spreading across the globe, with many crediting British content creator Dawn Farmer for alerting international Gen Z taste buds to the flavour in 2020. Starting her account as a way to pass the time during the pandemic, the then 21-year-old shared videos of herself taste-testing American snacks, and delighted followers with her enthusiastic reaction to discovering ranch sauce. One particular video, which saw her trying fried pickles dipped in ranch, was liked 1.3 million times and amassed more than 17,400 comments. Since that viral video, appreciation of the condiment has only increased globally and now homegrown influencers and foodies alike are jumping on the bandwagon to try all the delicious ranch dipping possibilities for themselves. Classic dunkers such as corn chips, carrot sticks and fries have been given a widespread thumbs up paired with both Black Swan Seasonal Edition ranch dips, while others have taken the trend in more adventurous, even head-scratching directions, teaming them with everything from Tim Tams and Wagon Wheels to spring rolls and sour worms. Aussie content-creating couple Kaitlin and Josh, who boast over 290,000 followers on TikTok, shared a video in which they competed to find the best food dunker to pair with the Creamy Ranch and Buffalo Ranch. Kaitlin opted for the classic dippers - carrot sticks, plain crackers and corn chips - while Josh loaded up his plate with chicken nuggets, pizza and honey soy potato crisps. After battling it out, Kaitlin said carrot sticks paired perfectly with both dips while chicken nuggets took the lead as the overall winner after both agreed they 'tasted so good' with Creamy Ranch and Buffalo Ranch. 'Nuggets with the dips was the clear win,' Josh said. Followers' stomachs were set rumbling by the video, with many commenting that they 'had to try', while a popular reaction was a straightforward 'YUMMMM!' 'I'm gonna have to go buy some nuggets and ranch dip,' one viewer said after watching the clip. 'Yum! I need to try these,' another shared. 'Yum they look SO GOOD,' one added. The limited edition dips are on sale now at Coles, so add them to your shopping cart now: dip your chips during your Friday night movie, include them in your weekend grazing platter, or switch out the tomato sauce and enjoy with chicken nuggets. We can't attest to pairing with sour worms, but each to their own. .
