It’s worth checking your £1 coins from a certain year for this valuable coin
A highly sought-after £1 coin could be worth a small fortune if it has a tiny error. This particular piece has previously fetched as much as £2,500.
However, its considerable value hinges on a tiny but crucial minting mistake. In a TikTok video, an expert known as the Coin Collecting Wizard introduced his followers to this elusive £1 coin from 2016.
The expert estimated the coin’s value at approximately £500, but acknowledged that at least one example has sold for five times that sum. He said: “There is a rare £1 coin that you must search for worth £500.
“Here is what you need to look out for. You’re looking for a 2016 obverse [head side] dated coin with 2017 micro-engraving on the reverse [tail side].
“The micro-engraving is so small you may need a microscope. We understand that at least one example was sold for £2,500 to a buyer in Spain in 2017. The error is particularly difficult to spot due to the size of the micro-engraving, so be sure to keep an eye out for this one.
“It’s worth checking any 2016 coins as it is one of the hardest errors to spot. Remember you are looking for a 2016 obverse-dated coin with 2017 micro engraving on the reverse.”
So make sure to rifle through your 2016 £1 coins and you might pocket some easy money. Specialists at Change Checker supported this guidance, stating: “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 the experts, one such coin fetched £2,500 from a buyer in Spain back in 2017. Nevertheless, they suggested that the same coin, in pristine condition, would typically be valued at somewhere between £300 and £500.
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