Have you checked your spare change lately? You might be sitting on a small fortune without even knowing it. A rare £1 coin with a distinctive minting error has caught the attention of collectors, and it could be worth thousands of pounds.
The Valuable Mistake
The coin in question features a unique design flaw that sets it apart from standard £1 coins. Unlike the typical versions, this rare piece has a misalignment in its edge inscription, making it highly sought after by numismatists (coin collectors).
How to Spot the Rare Coin
Here's what to look for:
- The edge inscription should be upside down relative to the Queen's head
- The text should appear misaligned or doubled
- The coin must be from 2016 or 2017
Why It's So Valuable
Coin experts explain that minting errors are particularly valuable because they're rare and often caught by quality control before entering circulation. This specific error slipped through, creating a collector's item that could fetch between £1,000 to £5,000 at auction.
What to Do If You Find One
If you think you've found this rare coin:
- Handle it carefully to preserve its condition
- Get it verified by a professional coin dealer
- Consider getting it professionally graded
- Research auction houses that specialize in rare coins
Remember, the value depends on the coin's condition, so avoid cleaning it as this can reduce its worth.
