The six new £1 coin varieties (& 2 errors)

By on 17th May 2017

Revised 11/9/2017.

 

Everything the advanced collector needs to know about the new £1 coin, it’s varieties and known errors/mules.

This page contains information on:

The Six Different £1 coin types (2015, 2016 and 2017)
Two errors that have been seen often enough to be of note
The two different edge types on the circulation 2016 coin
Information on man-made ‘error’ coins being offered on auction sites

For a coin that has only officially been in use for a short time, there are in fact already six different types of new £1 coin, including one (No.2) that I have confirmed today and am now revealing to the world (29/4/17)! There are: two mules, a trial coin, one sold in pairs only with a mint mark and two fully in circulation. To help understand the chaos, here is a graphic. Feel free to share the info.

*note for type 2 the Royal Mint have since stated that approx. 1000 were made, see post below made by Andrew on 10/9/17 and a second post dated 29/9/17 below, where the Royal Mint have provided info to confirm exactly 1000 mintage and have stated that the coin was deliberate and is not a mule. Further information will appear here when confirmed.

Regarding coin 4, below is a close-up of the cross crosslet mint mark:

Two errors that are rare but certainly not unique as a few of each have been brought to my attention:

1. A partial collar error: The collar surrounds the planchet (blank metal disc before it becomes a coin) while the coin is struck, it gives the coin its shape and in the case of the new £1 also imparts the rim millings onto 6 of the 12 sides. Something went wrong here and the collar wasn’t properly surrounding the whole planchet while it was struck, resulting in part of the rim looking normal and the other part of the rim splaying slightly outwards to form what appears to be a raised lip around the edge.

2. The leaked egg error: Not a technical term, but something that helps visualise this particular error as it looks like the yolk of a fried egg has been broken and leaked onto the egg white! It appears that the collar has somehow broken or not properly surrounded the lower right area of the coin (from the Queen’s head perspective). Metal has splayed out upon strike impact and this has caused a little chain reaction with the silver coloured centre part being pushed to fill the void in the brass outer part. On extreme cases the movement of metal has caused a gap between the outer ring and centre part of the coin (as shown in the image below). It is possible that errors 1 and 2 are related and that error 2 is a further progression of the partial collar issue shown as error 1.

The two different edge types on the circulation coin:

This is a minor variety but is worthy of a mention because it currently appears to amount to between 1 in 20 and 1 in 30 of the total number of new £1 coins in circulation. So far it has only been observed on the normal 2016 and 2017 dated circulation £1 coins.

Normal/commonest type: When the coin is held upright with the Queen facing right and the hologram at the bottom, to the right of the lowest edge point is normally a milled edge section (continuing on alternate straight edges around the coin).

Scarcer (1 in 20 to 1 in 30 observed): When the coin is held upright with the Queen facing right and the hologram at the bottom, the edge section to the left of the lowest edge point is milled.

The image below shows the commonest edge type, with milling to the right of the lowest point.

Another minor discrepancy

When two coins are compared side-by-side there are often differences in the colour of the brass alloy used for the outer ring of the coin.

Man-made ‘error’ coins being offered on auction sites:

Ever since the new £1 coin appeared in circulation there have been unscrupulous people claiming to offer all kinds of errors for sale, mostly on eBay but also other online sales platforms. Most involve pushing out the middle and either manipulating it or putting it back in the wrong way round, rotated or not putting it back at all! Here is a question I received over email and my response to it.

On 04/05/2017 02:30, Michael M wrote:

Hi, like your website, very quick question….
Loads of £1 coins selling right now on eBay for silly money, most of them claiming to be either….
– centre missing from coin
– queens head on wrong side of coin
– queens head side blank and shiny in centre silver area
– chunk of metal missing from centre silver area
…. and so on.

Is all this nonsense? Looks to me people have worked out an easy way to pop the centre silver disc out (whack with mallet?) and then simply put it back the other way round, cut a bit off with hacksaw, use glass paper and buffer to polish one side blank, etc etc etc …….

Thanks for your time reading this.

Michael M.

Yes, it’s absolute nonsense, they are all home made ‘errors’ and technically have no value, not even £1. It’s fairly easy (so I hear) to push out the middle part of the new £1 coin and the same for the £2 coins.Anyone that does so and tries to fool people into thinking it’s some kind of error and was made that way, either by describing it as such, not describing it at all, or claiming to innocently know nothing about it, is clearly of very dubious character. People that break coins are also committing a crime.

Genuine error collectors know what genuine error coins look like and always understand exactly what went wrong during production. The general public can either learn about the minting process and about the major types of genuine error coins that can occur, or they should leave well alone, especially on eBay!I’ll post this on the ‘The six new £1 coin varieties’ page for people to see.

CHP

The Check Your Change admin is Mr C H Perkins, publisher of numismatic publications in printed and eBook format. Author of "Collectors' Coins - Decimal Issues of the UK" and other books on British coins and related subjects.

Comments

  1. Richie Wisbey
    10th May 2017

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    I am amazed that so many people are falling for the eBay scammers with their homemade error new pounds. The middle missing one is so obviously a scam as is the shiny middle with no design. The pictures are the same shot used over and over again. Today there is one seller with middle wrong way round with a picture of 20 coins. People, he or she has been in the shed with a mallet and dowel. Stop giving your cash to these fraudsters please.

  2. Ben
    12th May 2017

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    Hi,

    About these new coins. I’ve maybe had about ten since they came out. I love stacking them up on each other, and I noticed that the edge on one didn’t match up with the others as it was one alternation off. I mean, the edge at the”n” in”one” is smooth and they alternate from there. But in this one the”n” is ridged.

    I’m assuming this is comparable to the”upside down” lettering myth on the old ones. Perhaps you would like to address this?

    • CYC-Admin
      13th May 2017

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      Well spotted. Indeed there is an edge variety as you describe. From the obverse where the ‘hologram’ is, with the point at the bottom, most have an edge milled section on the rim to the right of the point. Some have the milled part to the left (this one is scarcer but not rare). It’s not the same as the ‘upside down’ writing, as the milling is put onto the coin (as far as I know) by the collar around the coin at the same time that it is struck with the design. The edge writing on coins is pressed into the blank before it is struck.

    • Derek Waters
      19th July 2017

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      Hi Ben,
      I am not convinced about the coins with the milled edge out of sync being on average 1 in 25, as this would mean that there are 20 million of them.
      Therefore very easy to find, I wonder if the Royal Mint knows how many are out there?

      • CYC-Admin
        19th July 2017

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        That’s just a ratio based on a few people that have searched a few thousand.

  3. Yvonne
    17th May 2017

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    Hi could you please help I have been saving the £2 coins for the coin hunt ,today I have completed the set but I have noticed on the 2015 first world war 5th portrait Obverse reads 2 Pounds yet on the 4th Portrait it reads Two pounds is this normal or have I picked up a fake ?
    Thanx Yvonne

  4. D Woollam
    9th June 2017

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    Hello,
    Firstly I have to say I love your site, it has quashed many arguments caused by scam artists on social media. I have two series c £1 notes (from 1970’s I think) that I discovered when helping sort out some of my grandparents things that had been forgotten about in the back of a cupboard. I don’t want a value but are there any checks I can do to ensure they’re ‘real’ as they’re fairly basic by today’s standards. Any micro marks or hidden details or anyway to check the serial numbers?
    Many thanks
    Donna

    • CYC-Admin
      9th June 2017

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      Thanks very much, that’s what it’s there for – facts and figures without the silly media hype. From memory, don’t the £1 notes just have a watermark of the Queen? The printing quality will also be very good and very sharp and I don’t think any fakes of those are known.

  5. David
    7th July 2017

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    I have a new design £1 coin but it has a bronze-esque almost rose gold colouring on the outside as opposed to the standard gold. Does anyone know of any others like this? It otherwise looks too legit to be a forgery

    • CYC-Admin
      7th July 2017

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      I suspect it’s due to slight differences in the alloy mix used, over the course of the hundreds on millions that were made.

  6. Dan
    10th July 2017

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    I’d also like to make you aware that there may be 2014 versions in existence. One such example was tweeted by ex-chancellor George Osborne and is readily available to view on google. It is highly doubtful that none escaped the initial design/trial stage.

    • CYC-Admin
      10th July 2017

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      I’ve not seen or heard of any but it is of course possible. But perhaps they really did only make a handful, kept one for the RM collection and destroyed any others. If any ever show up I will of course mention them.

  7. Rachel
    12th July 2017

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    I’ve found many of the new one pound coins with the edge difference, another has turned up in my change thismorning. I’m starting to wonder if the error originates from the Llantrisant mint in Cardiff, which is only down the road from where I live? Maybe I’m on to something 🙂

    • CYC-Admin
      12th July 2017

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      How do you mean, what differences?

    • stefan kobylecki
      13th July 2017

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      I have got four of those pound coins with the variation of the “milling” to the left instead of the right, tell me are they worth anything, I did not realise these new coins also have a date stamp up around the rim , lets get our magnifiying glasses out,
      when these coins 1st came out I collected 100 so that I could see if I could find a forgery ( I read somewhere that about 30% of the old ones were fakes) that is how I managed to find these with hthe variation 4 out of 100 = 25%

  8. Emma
    12th July 2017

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    Hi, I was wondering if you were able to help me? I received a new £1 dated 2017 in my change today. Inside the crown on the left is what looks like an ‘S’ or ‘8’. Do you know if this is anything unusual? I have looked online but haven’t been able to find any information. Thanks

  9. Carol
    13th July 2017

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    Hi there i found a 2017 one pound coin in my purse today. What do we do with it an ho do we go about trying to make somethi g out of it? Thanks

    • CYC-Admin
      14th July 2017

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      Making more than £1 out of it is going to be difficult, there are millions out there.

  10. Kevin
    17th July 2017

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    Onebaytherenowsellingcopykew gardens is this legal

    • CYC-Admin
      17th July 2017

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      Copy coins have been sold for years on ebay, sometimes described as copies but very often not. eBay don’t seem to mind. It probably is illegal!

  11. dawn ramsden
    22nd August 2017

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    I have found 2 old £1 coins ( well soon in October) They read……nemo me impune laggessit and decus et tutamen, but upside down from the queens head on the edging, Is this normal? Also 2 £2 coin which writing is upside down on the edge aswell.

    • CYC-Admin
      22nd August 2017

      Leave a Reply

      Writing is random on all £1 and £2 coins, it can be up either way. I wish that Sun article hadn’t falsely told people otherwise and started that urban myth because since then it is the most commonly asked question! No one ever even used to look before!

  12. Chris Mcginn
    9th September 2017

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    Hi i have a new pound coin with half of the edge round and the other half normal 12 sided, I see you say it’s a mis strike and was wondering how I could sell it and how much it’s worth?

    • CYC-Admin
      9th September 2017

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      Probably ebay, but they are fairly common. Or just keep it as a curio.

  13. Andrew
    10th September 2017

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    I made a freedom of information act request in relation to the mintage numbers of these coins. Here are the answers:

    £1 trial coin, dated 2015; 234,586
    £1 trial coin, dated 2016; approximately 1,000
    £1 coin, dated 2016; and 650,381,536
    £1 coin, dated 2017 (to date). 476,935,200

    So the 2016 trial coin is indeed quite a rare coin. Possibly one of the rarest the mint have produced.

    I’ve asked some follow up questions and will post them once received.

    • CYC-Admin
      10th September 2017

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      Thanks for your info. It looks like the number of 2016 trial mule coins is probably a guess then, i.e. it was accidentally made and they didn’t actually record it so have given an approximate figure.

  14. Andrew
    29th September 2017

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    Hello,

    Further to my last update on the request made to the Royal Mint for information on the 2016 trial coin, they have confirmed the following:

    “I have made enquiries as to your below information request and I understand that the additional 1000 trial coins produced in 2016 were as a result of a late request from a company for trial pieces. They are certainly not considered a ‘mule’.”

    This means that the 2016 coin isn’t a mule (they have clearly confirmed this in writing) and is in fact a deliberate strike from the Mint, and their previous reference to ‘approx’ was an error, meaning they specifically only struck 1,000 coins. Surely this is one of the lowest ever deliberate productions of a coin?

    What do change checkers think this is worth? One sold on EBay recently through auction for £960.00 and another sold with a best offer of £1,800.00. Crazy money. I wonder whether anymore will appear for sale?

    I’d love to have one!! (Though I’m still searching for that elusive 1983 two pence first!!!!!!)…

    Cheers,

    Andrew.

    • CYC-Admin
      29th September 2017

      Leave a Reply

      Thanks Andrew. I don’t think there is a way to 100% confirm ‘sold’ ebay prices. It’s certainly a very low mintage coin, also judging by the few that have turned up compared to the 2015 trials and I suppose it is credible that they may have needed to make more trial coins during 2016, although it does seem odd that they would set up the dies with a normal (in production by then) 2016 obverse and match it with the trial reverse instead of the normal trial 2015 obverse – but I suspect there may be rules about making coins with past dates, so it’s interesting.

  15. Michael Warnock
    13th October 2017

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    Further information from the Royal Mint through a freedom of information request has confirmed that our if the 1k minted trial coins dated 2016, c.800 were returned. So, there are about 200 in private hands?! Crazy…

    • CYC-Admin
      13th October 2017

      Leave a Reply

      Can you show me the reply? As soon as new info is confirmed I will mention it all.

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