Latest news with #ChangeChecker
Daily Record
6 days ago
- Business
- Daily Record
Rare £1 coin you could 'find in your change' is worth £500
The Royal Mint has confirmed that an error led some of these coins to be minted with an incorrect date. Brits have been urged to look out for a 'highly sought-after' coin worth an impressive £500. This £1 piece from 2016 features a microscopic error that might be hard to spot. 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. In a video uploaded to social media platform TikTok, an expert known as the Coin Collecting Wizard, explained how to find this valuable coin. He said: 'A rare £1 coin you can find in your change worth £500. 'A highly sought-after error among collectors is the £1 coin with a wrong date micro-engraving, which has become a rare and valuable find. Introduced as part of the 2017 new 12-sided pound coin series, these coins usually feature a tiny micro-engraved date on the rim as an added security feature.' 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 continued: 'However, a small number of these coins were mistakenly engraved with the wrong year for example, showing 2016 instead of 2017. 'This subtle but significant error went unnoticed by many making these coins particularly rare. Because the micro-engraving is so small and not easily visible without close inspection, these coins are prized discoveries for collectors and can fetch a premium price reflecting both their rarity and the intrigue of the minting mistake.' The error on this coin has been confirmed by the Royal Mint. 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.
Daily Mirror
21-05-2025
- Entertainment
- Daily Mirror
2p coin worth more than £1,000 you may have in your change
These coins were created in error and are highly sought after by collectors An expert has urged people to 'flip' over their 2p coins to check for a specific phrase. Spotting coins with this wording could make them worth an impressive £1,000 - or even more. These coins are particularly sought after due to an error made by the Royal Mint when they were created. Produced in 1983 they incorrectly bear the words 'new pence' instead of 'two pence'. This is because all 2p coins struck between 1971 and 1981 were labelled 'new pence'. Although this was then changed to 'two pence' in 1982, some were made in error. In a video on TikTok, an expert known online as the Coin Collecting Wizard said: 'This is the one you want.' He told people to hold off spending the coin if you find it amongst your change. 'f you ever come across a 2p coin from 1983 with 'new pence' on it instead of 'two pence', don't spend it - you could be holding a rare minting error worth thousands of pounds,' he said. 'In 1983, the Royal Mint officially changed the wording from 'new pence' to 'two pence' - but a few coins slipped through the net with the old wording. 'These weren't meant for circulation, so finding on is a serious collector's win.' To ensure you don't accidentally spend one of these coins he offered some advice. The expert added: 'Top tip: Flip your 1983 2p coins and check the wording. If it says 'new pence' - you've struck treasure!' Also speaking on TikTok, experts at Change Checker estimated these coins could sell for around £1,000. They said: 'In 1982 the design of the 2p coin changed from saying 'new pence' to 'two pence'. 'However, some coins struck in 1983 used the old reverse die and therefore have the old inscription of 'new pence'. So you should check your new pence 2p coins for the date 1983 as it could fetch you up to £1,000.' The Royal Mint notes on its website: "In 1983 a small number of 2p coins were mistakenly struck with the wording 'new pence' on the reverse. These coins were produced to brilliant uncirculated quality - a standard higher than ordinary circulating coins - and were included in special sets intended for collectors. "Since there are relatively few coins with the date 1983 and the inscription 'new pence' in circulation, they may well have a value higher than face value to a collector. The Royal Mint is, however, unable to comment on the value of any individual coin and we would recommend that you should consult a coin dealer." At the time of reporting, an example of this coin was listed on eBay for £2,499.95.
