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The Fielding Financial Blog

The Pound Coin

£1 coins

 

The deadline for spending old round £1 coins is fast approaching – after Sunday 15 October they’ll no longer be legal tender. But before you rush to get rid of your old coins, turn ’em over. Some might be worth more than their face value, with a few even fetching up to £20…

 

Since the ’round pound’ was first minted in 1983, there have been a total of 24 different designs in circulation. Of these, the ‘Royal Arms’ is the most common, with over 600 million produced. If you’ve one of these, it’s unlikely to be worth more than its face value. But others may be worth more; for instance

 

  • The Scotland: Thistle and Bluebell £1. Issued in 2014, this coin from north of the border is considered “scarce”, with five million minted. It regularly fetches between £3.50-£5 on eBay.

 England: London £1. This coin was issued in 2010 as part of the Royal Mint’s series of £1 coins to commemorate the four constituent countries of the UK. The London design is considered “very scarce”, with just over 2.5 million minted. This coin is regularly listed on eBay and currently fetches between £6.50- £10 

  • Wales: Cardiff City £1.This coin is also “very scarce”, with just over 1.5 million minted. The coin was issued during 2011 and shows the Coat of Arms of Cardiff representing Wales. These have been listed as sold on eBay for £14.99 each.

 

  • Scotland: Edinburgh City £1.Issued in 2011, this is considered THE most scarce £1 coin available. Fewer than one million were minted – so if you’ve got one, it’s probably a waste to spend it. On eBay, these regularly fetch up to £20 a time, though some rarer uncirculated versions – often displayed in a commemorative box – have sold for up to £60.

 

The list above isn’t exhaustive. The coin collector website Change Checker says four more designs which are more widely in circulation than those listed above are still considered “less common”. These are (from left to right, below) the ‘Northern Ireland: Flax and Shamrock’, the ‘Daffodil and Leek’, the ‘Rose and Oak Branch’ and the ‘Belfast City’ £1 coins. On eBay, these coins seem to fetch between £3 and £5 each.

 

Prices change regularly, so to get a rough idea of the value of your £1 coin, head to eBay* and search for sold items – enter a description of the kind of coin you have, then click ‘sold listings’ on the left-hand bar.