Posts Tagged ‘12-sided £1’
Round £1 Coin transition date sooner than expected!
The Royal Mint initially predicted that the number of new 12-sided £1 coins in circulation would overtake the Round £1 Coin by August this year.
12-sided £1 Coins will overtake the Round £1 Coin by July
However, due to the amount of coins that have already been returned, 8 million in total, the date has been revised to as soon as late July. Of the returned coins, most will be re-used to produce new 12-sided £1 coins, with the rest being disposed of.
This is important news for industries that deal in large quantities of £1 coins, such as vending and arcade machines, who’ll need to bring forward their machine conversation date.
Most importantly, for Change Checkers this means it is going to become increasingly challenging to complete The Great One Pound Coin Race. However, we know that you love a challenge and we’re here to help you get across the finishing line.
For all the best Round £1 Coin collecting hints and tips, take a look at our video:
For the brave ones amongst you, you can still sign up to The Great One Pound Coin Race, there’s still over 100 days to go!
Good Luck!
£1 mis-strikes make headline news
Since it’s introduction in 2017, the 12 sided £1 coin has made front page news time and again from members of the public spotting mis-struck £1 coins in their change.
However, it’s important to be aware that these headlines can vastly overstate the scale of the problem.
In 2017, 1.5 billion £1 coins were struck – that’s 30 coins a second – so it’s inevitable that some variances have occurred during the striking process, affecting a small number of coins.
But remember, mis-strikes and variances are not the same as genuine errors. Here are some of the £1 mis-strikes that have been reported…
The ‘Melt in the middle’ £1
This £1 coin, found in Birmingham by Sarah O’Donoghue, was thought to have melted in the middle, causing the Bi-Metallic parts of the coin to bleed into one another. However, this isn’t actually the case and is in fact likely to be because of a ‘bad’ or misaligned blank being used leading to this particular mis-strike.
This particular mis-struck £1 coin, and a few others that have been found recently, are undoubtedly numismatic curiosities. Whilst they make for interesting collection, it’s likely that these coins will fetch little more than face value if put up for sale. However, the minting process is never completely exempt from human error, so it is worth checking your change carefully.
“It is very unlikely that there is a serious problem with the new £1 coins. With the large amount of coins that were struck ready for the launch in 2017, it is inevitable that there will be some variances among a small number of the £1 coins. With the coins causing excitement in the press and more people than ever checking their change, these mis-strikes are cropping up more than usual.” – Ian Glen (Change Checker Managing Director)
The ‘polo’ pound
There have also been reports of 12-sided £1 coins missing the middle section of the coin – BUT, collectors should beware...
As a word of warning to those wanting to get hold of one of these coins, don’t be fooled into spending more than you need to.
It’s relatively easy to prize the two parts of metal apart by freezing the coin and using a chisel to knock the middle section out.
Ultimately these mis-strikes are unlikely to make anyone rich, but they are undoubtedly very interesting and would make an exciting addition to any coin collection.
Find out about all the the differences that have been spotted in the 12 sided £1 here.
As we mentioned earlier, mis-strikes are not the same as genuine errors. BUT there are some errors to be aware of, such as the dual dated £1.
Find out more about your coins
If you’re interested in coin collecting, our Change Checker web app is completely free to use!
Here’s where you can find a new 12-sided £1 coin GUARANTEED!
The Royal Mint have revealed a list of places around the UK where you will be able to get a new 12-sided £1 coin on launch day guaranteed.
That will make you one of the first people to get hold of the coin before they start circulating more widely…
Here is the list of the guaranteed locations revealed by The Royal Mint:
ABERDEEN:
- CLYDESDALE 1 Queen’s Cross, AB15 4XU
EDINBURGH:
- BARCLAYS 10-15 Princes Street, EH2 2AN
- RBS 36 St Andrew Aquare, EH2 2AD
- CLYDESDALE 83 George street, EH2 3ES
- POST OFFICE 40 Frederick Street, EH2 1EY
GLASGOW:
- BANK OF SCOTLAND 167-201 Argyle Street, G2 8BU
- CLYDESDALE 30St Vincent St G1 2HL
BELFAST:
- BANK OF IRELAND 4-8 High Street, BT1 5LR
- ULSTER BANK 11-16 Donegall Square East, BT1 5UB
NEWCASTLE:
- NATWEST 16 Northumberland Street, NE1 7EL
YORK:
- POST OFFICE 22 Lendal, YO1 8DA
LEEDS:
- NATWEST Leeds City Centre 8 Park Row, LS1 5HD
- YORKSHIRE BANK 94-96 Briggate, LS1 6NP
MANCHESTER:
- BARCLAYS 86-88 Market Street, M1 1PD
- NATWEST 182 Deansgate, M3 3LY
- POST OFFICE 26 Spring Gardens, M2 1BB
- HSBC 2-4 Saint Anne’s Square, M2 7HD
LIVERPOOL:
- NATWEST 22 Castle Street, L2 0UP
BIRMINGHAM:
- LLOYDS BANK 36/38 New Street, B2 4LP
- POST OFFICE 1 Pinfold Street, B2 4AA
CARDIFF:
- BARCLAYS St Davids Centre, CF10 2DP
- LLOYDS BANK 31 Queen Street, CF10 2AG
- HSBC 15 Churchill Way, CF10 2HD
LONDON:
- BARCLAYS 2 Churchill Place, E14 5RB
- NATWEST 1 Princes Street, EC2R 8BP
- HALIFAX 33 Old Broad Street, EC2N 1HZ
- POST OFFICE 24/28 William IV Street, WC2N 4DL
- HSBC 103 Station Road, Edgeware, HA8 7J
- SANTANDER – 2 Triton Square, NW1 3AN, 164-167 Tottenham Court Road, W1T 7JE, 57 Streatham High Rd, SW16 1PN
SITTINGBOURNE:
- SANTANDER 106-108 High Street, ME10 4PP
BATH:
- POST OFFICE 27 Northgate Street, BA1 1AJ