HOW MUCH ARE YOUR £1 COINS WORTH?

    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.

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