Check your wallets for three rare £1 coins worth more than £500
An expert has called on Brits to look out for three scarce £1 coins that could command a value significantly exceeding their face value. Collectively, these coins might get you upwards of £500.
In a TikTok video, an expert known as the Coin Collecting Wizard, who boasts more than 250,000 followers, highlighted the potential worth of these coins that you might have at home. He explained: "The valuable £1 coins you need to look out for. Pay attention to the details. The last one is unbelievable."
He first pointed out that a particular 2016 pound coin could fetch up to £60. This coin is distinguished by its "nations of the crown" design, the Daily Record reports.
On the coin's reverse (the tail side), there's an illustration featuring an English rose, Welsh leek, Scottish thistle, and Northern Irish shamrock sprouting from a crown.
While standard versions of this coin are merely valued at £1, it becomes a collector's item if it displays a tiny emblem on the reverse. He elaborated: "This is a new pound coin from 2016.
"And what you need to look for is a small floral symbol at the bottom left of the coin just above the letter 'E'. Here is a better example so you can see it. If you find this, then it's rare as only 9,850 were minted."
Another uncommon coin from 2016 was also mentioned. He stated: "Next is an old round pound coin from 2016 with the shield design.
"With a mere 38,000 of these coins struck, it's considered rare and currently holds a value of about £30 to collectors. Just remember the date needs to be 2016."
This represented the final iteration of the traditional circular £1 coins produced in Britain prior to the launch of the 12-sided version. The concluding coin featured in his compilation is particularly precious, as it has reportedly fetched approximately £500 at sale.
This is another nations of the crown design mentioned above. Whilst this coin dates from 2016, there is a minuscule mistake that references the year 2017.
The specialist explained: "But you will need a magnifying glass to find this error. Some of the 2016 coins were minted with the wrong micro engraving of 2017, making this super rare and valuable to coin collectors.
"So check around the edge of the coin for the date 2017. And if you find this error, then it has been known to sell for around £500."
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