£1 Coins
The UK’s 12 sided £1 goes global!
Yesterday the Treasury announced that the UK’s 12 sided £1 coin would be going global, as overseas territories and Crown Dependencies will soon be able to create their own bespoke versions of the coin to replace the older £1 currently in circulation.
In 2017, the new Nations of the Crown 12 sided £1 made its UK debut, described by the Government as “the most secure of its kind in the world” due to the new design, featuring intermittent milled edges and micro-engraved denomination and year date which protects against criminals producing counterfeits copies. Before this, around 1 in every 30 round pound coins were in fact fakes.
As many territories and dependencies currently circulate their own version of the older pound coin, they will now be able to protect their currency with this secure cutting edge technology. These coins will be produced by The Royal Mint to the same security standards as our UK coinage to thwart counterfeit activity.
The Nations of the Crown £1 was designed by 15-year-old David Pearce following a public competition in 2015. The design is made up of the English rose, the Welsh leek, the Scottish thistle and the Northern Irish shamrock emerging from one stem within a royal coronet to represent the four constituent countries of the United Kingdom.
The Treasury expects the new versions struck for overseas territories and Crown Dependencies to feature images celebrating their heritage, history and culture to symbolise the close links with the UK.
Jersey, Guernsey and the Isle of Man all represent Crown Dependencies of the UK, whilst the UK overseas territories include Akrotiri and Dhekelia; Anguilla; British Antarctic Territory; Bermuda; British Indian Ocean Territory; British Virgin Islands; Cayman Islands; Falkland Islands; Gibraltar; Montserrat; St Helena and Dependencies (Ascension Island and Tristan da Cunha); Turk and Caicos Islands; Pitcairn Island; and South Georgia and South Sandwich Islands.
Robert Jenrick, Exchequer Secretary to the Treasury, said:“These new designs will reflect the rich and varying British communities across the world.”
Lord Ahmad, the overseas territories minister, said: “As well as helping to boost their identity, these new coins will also bring increased security to each of these economies.”
So Change Checkers from overseas territories and Crown Dependencies can look forward to the new coins being released soon, but what design do you think should be featured for each? Let us know in the comments below.
Is this the last Isle of Man Round Pound?
In 2017 the Isle of Man released this Raven and Falcon Uncirculated £1 Coin and following the Treasury’s update, this could now be the very last Isle of Man Round Pound!
Now’s the time to start your 12 sided £1 coin collection…
It’s been confirmed that 2018 dated £1 coins have now been released into circulation and Change Checkers are eagerly waiting for them to turn up in their change.
As of yet, the number of 2018 £1 coins in circulation is unknown and so we expect collectors to be keeping a close look out for these coins so that they can add them to their one pound collection!
The round pounds were a part of our lives for 33 years but on the 15th October 2017, the coins were withdrawn from circulation forever. Just before their withdrawal, collectors joined the biggest race of its kind ever held – The Great One Pound Coin Race.
In an effort to complete their collections, change checkers were searching old coat pockets, smashing piggy banks and checking down the back of the sofa to see if they could be the lucky owner of some of the rarest coins – including the Scotland Edinburgh City £1, which tops our £1 Scarcity Index.
12 sided £1 collection
Now that the 2018 dated 12 sided £1 coin has entered circulation, we think that it’s the perfect time to start building up your collection of 12 sided £1 coins to be sure that you don’t miss any from your collection.
The Nations of the Crown £1 design was chosen from a public competition, with the winning artwork being created by 15-year-old David Pearce featuring a rose, leek, thistle and shamrock bound by a crown. Although we do expect future commemorative designs on £1 coins, for now the coins issued only feature the definitive ‘nations of the crown’ design.
We know that of the 1.5 billion 12 sided £1 coins struck to replace the old round pound in 2017, roughly half a billion were dated 2016 and collectors will be keen to secure themselves a 2016 dated £1 coin to start their collection, which can now also include 2017 and 2018 dated coins.
What about the errors?
When these coins were first released, there were many stories from people claiming that they had found an error coin worth thousands. In reality, with such a high number of £1 coins being minted in 2017, there were bound to be variations in the design and quality of striking which you can find out about here.
However, the confirmed dual dated £1 error coin would certainly be one to look out for, with one such coin being valued at £3,000!
The Dual-Dated £1 feature the dates 2016 on the obverse and 2017 on the reverse
Have you been one of the first few to find a 2018 dated £1 coin in your change and will you be holding onto it for your 12 sided £1 coin collection? Let us know in the comments below and don’t forget to keep checking your change to see if you can spot the new 2018 pound.
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app
Spot the difference! Variations in the 12 sided £1 explained.
A common query we’ve been hearing at Change Checker HQ comes from people asking about variations in their 12 sided £1 coins.
Having read David Groom’s fascinating articles in the April and May issues of Coin News, we’ve found the key facts which explain these variations, what to look for and why they might have occurred.
We know that of the 1.5 billion 12 sided £1 coins struck to replace the old round pound, roughly half a billion are dated 2016.
Of course, having such a high mintage figure must lead to varieties in design and quality of striking, however in the Coin News examination of just 40 randomly selected 12 sided £1 coins, an extraordinary number of varieties appeared…
Edges
Perhaps the most talked about variation with the 12 sided £1 is the milling on the edge of the coin, with ‘lefties’ being a common error in the milling process.
Variations showing milling to the right. Credit: Coin News
Variations showing milling to the left. Credit: Coin News
Obverses
Groom’s article suggested four clear variations can be found on the obverse of the coin, including position of the design and text.
Variations in the gap of the ‘T’ relative to the edge of the inner ring. Credit: Coin News
Variations in the position of the truncation relative to the edge of the inner ring. Credit: Coin News
Variations in the tip of the diadem relative to the edge of the inner ring. Credit: Coin News
Variations in the gap of the ‘D’ relative to the inner ring. Credit: Coin News
Reverses
Groom also highlighted the four clear features of difference for the reverses of the new £1 coins.
Variations in the gap of the ‘D’ relative to the inner ring. Credit: Coin News
Variations in the gap of the ‘DP’ relative to the inner ring. Credit: Coin News
Variations in the position of the leek relative to the edge of the inner ring. Credit: Coin News
Variations in how the rose is intersected. Credit: Coin News
Misalignment
One of the most common variations seems to be misalignment of the coins, particularly where the outer and inner sections do not align properly.
Variations in alignment. Credit: Coin News
Dates
We have spoken before in our blog about the dual-dated £1 coins, with one such coin being valued at £3,000.
Groom also mentions that many examples of the 2016 pound coin have the date numbers very poorly struck, making the date hard to read.
The date on some 2016 £1 coins have been poorly struck. Credit: Coin News
Royal Mint trial coins
Trial coins are issued when new coin specifications are being tested, but they should not enter circulation.
These feature the words ‘The Royal Mint’ and ‘Trial Piece’.
Credit: eBay: Rare £1 coin – new 12-sided trial coins sold for £500
Whilst there are clearly a number of variations to be found in the 12 sided £1 coins, Coin News suggests that these may arise from off centre striking, or be due to the different characteristics from the two metals of the bimetallic coin.
Auction sites such as eBay may have sellers claiming these as ‘error’ coins, with listed prices rising to hundreds or even thousands of pounds, but for us Change Checkers, finding these variations in our coins is what makes collecting that much more interesting.
Many of you have been in touch telling us about the difference in your 2016 and 2017 12 sided £1 coins. Have you spotted any of the above variations in your coins?
– Credit ‘Up close, the new 12 sided £1 coin’ – David Groom, Coin News, April and May 2018
If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:
– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers
Sign up today at: www.changechecker.org/app