Brits are being urged to check their wallets and coin collections for a rare £1 coin that could fetch over £1,000 due to a minting error. This unique coin features King Charles III and a special bee design, which was recently introduced into circulation. According to The Coin Collector UK on TikTok, this coin could bring in a substantial sum due to a specific mistake made during the minting process.
The Rare Minting Error
The error coin, first spotted by a Post Office employee, stands out because of its unusual appearance. Unlike the standard two-tone £1 coin, which has a gold rim and silver cupronickel centre, the error coin is entirely gold. The Royal Mint’s 12-sided £1 coins are typically gold around the edge, with a silver cupronickel part in the middle. But this particular coin was minted entirely in gold by mistake, making it a highly sought-after collector’s item.
Potential Value of the Error Coin
While no sales have been reported yet, experts estimate the error coin could be worth over £500, possibly reaching more than £1,000 at auction. Error coins like this are highly prized by collectors, often fetching hundreds of pounds due to their rarity and the fact that they should never have been produced.
The Royal Mint explains that the bee design, which features on the new £1 coin, is part of a collection inspired by British nature. The coin also marks King Charles III’s final transition onto British coinage, reflecting his passion for conservation and the natural world.
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Why You Should Check Your Change
With millions of these bee £1 coins in circulation, it’s important to keep an eye out for any that may have this rare minting error. If you happen to find one, it could be a surprising windfall. So, make sure to check all your bee pound coins and see if you’ve got one that could be worth a small fortune.
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