Revealed, the rarest and most valuable £1 coins in circulation – and how to find out if yours is worth A LOT more than a quid.
IF you’ve got a stash of old £1 coins then you could be sitting on a small fortune.
There are currently 24 different £1 coin designs in circulation and with just five weeks to go until the new 12-sided £1 coin is launched, collectors are rushing to make sure they have the full set.
It has combined two crucial measures to draw up its £1 Scarcity Index – the actual number of coins in circulations and collector demand. The higher the score the more valuable a coin is likely to be.
The rarest coin on the index, known as the Edinburgh City 2011 £1 coin, is selling for as much as £34 – more than thirty times its value.
While the 2011 Cardiff City £1 coin has sold for £20 and the London City 2010 coin is selling for £10.
Test versions, known as “proof coins” are even more valuable with collectors. These are made by The Royal Mint and are struck at a lower speed with a higher finish.
As the deadline for the new coin draws nearer it says prices could rise even further – as high as £50 per coin – as desperate collectors try to snap up coins missing from their collection.