Old Pound Coins
Posted : admin On 7/25/2022The British one pound (£1) coin is a denomination of the pound sterling.Its obverse bears the Latin engraving ELIZABETH II D G REG ('Dei Gratia Regina') F D (Fidei defensor) meaning, 'Elizabeth II, by the grace of God, Queen, Defender of the Faith'.It has featured the profile of Queen Elizabeth II since the original coin's introduction on 21 April 1983. Although this edition of the British pound coin contains no gold, older versions did contain the precious metal. Old English sovereigns produced between 1887 and 1932, which had a value of one pound, each contained 0.2354 ounces of fine gold, according to Hancock & Harwell, a firm specialized in the brokerage of rare coins and precious metal. After more than 30 years in the nation’s pockets, the familiar round £1 coin was replaced with an all new, 12-sided £1 coin in 2017. Old Round One Pound £1 Coins UK Gibraltar Isle of Man Jersey Guernsey Circulated. UK PROOF £1 One Pound Coins 1983 -2015 Choice of Year. £5.99 to £34.99. Click & Collect. Old One Pound Coins Round £1 Pounds Floral Edinburgh Cardiff UK Coin Hunt VGC. One example features the new coin design stamped on an old £1 blank. Just a handful of these extremely rare coins have been found, with one selling for £1,900 at auction in London in 2017.
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There are an estimated 122 million old pound coins unaccounted for – and some could be worth a few quid more than face value. Keep your eye out for one of these rare and valuable 'round pound' coins.
They may have stopped being legal tender back in 2017, but there is still a mind-boggling number of old pound coins unaccounted for.
According to the Royal Mint, some 122 million 'round pounds' have yet to find their way back to the mint, or be deposited at a local bank.
1 Pound English Coin Value
Given they obviously aren't making any more of them, it's possible there are a few collector's items sat down the back of sofas or in forgotten piggy banks.
So which ones should you be on the lookout for?
Rarest old pound coins
According to coin collection specialists Change Checker, the 2011 Edinburgh £1 (pictured below) tops the list.
The site ranks coins on a score from one to 100: the higher the rating, the more valuable the coin is likely to be.
And the Edinbuirgh coin is the only one to score the full 100.
We've pasted the full list of Change Checker's rarest old £1 coins below so you can see if any of your old change beats face value.
In the likelihood that your coin (or coins) are nothing special, it is still worth exchanging them at your bank on your next trip (most but not all branches will accept them).
It's still money, after all!
How much are these coins worth?
Before we get to actual values, there are two key points to discuss first, starting with the fact that we aren't talking about life-changing sums here.
Those headlines you read about coins and notes selling for £1,000s only happen when it's genuinely unique; a one-of-a-kind.
They've often been out of circulation for decades or have a misprint on them that makes them so valuable to professional collectors.
The truth is that you're highly, highly unlikely to have a very valuable coin in your house, car or wherever you keep change.
Watch out for chancers
The second issue to raise is that of misinformation about values, which is hardly helped by numerous articles talking about coins being on sale with a massive price tag on sites like eBay and the like.
There's a very big difference between someone trying to sell a coin for a huge sum and another person actually paying that price. We wrote about the problem in detail in this piece: 'Rare and valuable coins are expensive for a reason'.
A lot of high-value listings are simply from people chancing their arm or are themselves misinformed, so it's up to you to do your research before selling or buying any rare coins or notes.
Most coins are worth the value that's printed on them.
Right, now that we've covered the fine print, what might you get for that 2011 Edinburgh £1 coin you've just discovered under your sofa?
At the time of publishing, the highest listed sale price on eBay is just over £30. But as we've just covered that's no indication of actual value. Instead, we've checked the confirmed sale prices and a coin fitting that description recently sold for just under £9.
So there you go. Maybe enough for a meal for two if you wait for the Eat Out to Help Out scheme to kick off next week...