There is only one month left until the Round £1 coins are demonetised and the public, now more than ever, are being encouraged to spend or return their coins to the banks.
However, there’s a few coins you definitely shouldn’t be cashing in. Here are the ones to look out for:
Scotland: Edinburgh City
The Edinburgh City £1 coin was released in 2011 with a mintage of just 935,000, making it the lowest Round Pound by 680,000!
Taking this into account, there’s no real surprise that this coin sits top of our Scarcity Index with a perfect score of 100.
Such is the rarity, only 17% of Change Checker users list having this coin in their collection.
This coin currently sells for between £12-£16.
Wales: Cardiff City
Another of the capital cities series, the Cardiff City £1 coin is definitely one to keep.
This coin depicts the circular Coat of Arms of Cardiff as the principal focus to represent Wales.
This coin is worth between £11-£15.
England: London City
The 3rd coin from the capital cities series that you should hold on to is the London City £1 coin. Interestingly, the Belfast City coin does not make our list.
Released in 2010, this coin has a mintage of 2,635,000, much higher than Edinburgh and Cardiff but low in comparison to other £1 coins.
London City scores an impressive 77/100 in our Scarcity Index.
This coin can sell for between £5-£8.
Scotland: Thistle and Bluebell
The Thistle and Bluebell £1 coin was released in 2014 as part of the floral emblems series.
This coin features a thistle alongside a bluebell to represent Scotland.
This is worth between £3-£5.
UK: Crowned Shield
The UK Crowned Shield £1 coin was released way back in 1988, only 5 years after the Round £1 came into circulation.
Although it has a relatively low mintage figure of 7,118,825, this coin makes the list due to some interesting Change Checker App data.
It scores a 51 in our Scarcity Index but less than 1/4 of Change Checker users list having this coin in their collection and swap requests outnumber swap listings by 6 to 1!
This coin will sell for between £3-£5.50.
It’s worth noting that our valuations are based on coins that have recently sold on auction sites. The value of a coin depends on a number of factors including the coin’s condition.
With 2 new coin releases, the launch of a new UK banknote, our first ever Live Coin Swap and our first Scarcity Index quarterly update– July was a very busy month!
Watch as Yasmin and Luke discuss all the latest change collecting news:
The 2002 Commonwealth Games England £2 Coin was recently confirmed as the most scarce £2 coin in the UK in our latest Scarcity Index update. It jumped up two places to the top spot increasing its score by 19 points, from 81 to 100.
But you’d be forgiven for thinking that this coin is easy to identify.
In fact, only the most eagle-eyed collectors will be able to spot the difference between the four £2 coins that make up the 2002 Commonwealth Games £2 series.
There’s a number of reasons they’re hard to tell apart. Firstly, there isn’t just one Commonwealth Games £2 coin but in fact four different designs – only identified by a hardly distinguishable cameo design representing each of the UK’s constituent nations, Northern Ireland, Scotland, Wales and England.
Further confusion arises when the flags are shrunk to less than 1mm in size, struck during the minting process and subjected to the usual wear and tear of a circulation coin. By this stage they all start to look very similar.
Tougher still, the only difference between England’s ‘St George Cross’ flag and Northern Ireland’s ‘Ulster Banner’ flag is the ‘Red Hand of Ulster’, the star and the crown which feature at the centre.
On uncirculated coins it is usually possible to see the difference between the flags and determine which coin you have found.
However, to be able to identify a circulation 2002 Commonwealth Games England £2 coin with certainty, you will likely need a magnifying instrument, such as a Phonescope. The Phonescope works by clipping onto a mobile or tablet device, magnifying the camera and allowing you to take close-up photos and videos.
The Phonescope is the perfect tool for viewing the details of coins up close.
Suitable for all popular smartphones and tablets.