So-called ‘error coins’ can sell for far more than their face value because they’re so rare – so check your change to make sure you haven’t got a really valuable one
One lucky pub worker has sold a £1 coin for £205 due to a rare error that makes it incredibly valuable.
The error can be spotted immediately – the coin is made entirely of one metal, not of two.
Normal £1 coins have a gold outside and a silver interior, but this one is completely gold-coloured.
According to the eBay listing, the seller worked in a pub and got the coin in some change.
So-called ‘error coins’ are worth more to collectors due to their rarity.
The uniqueness of the coin meant there were 24 bids for the coin from five interested bidders, and it eventually sold on August 8.
How to tell if a coin is valuable
We have some bad news – most coins are only worth their ‘face value’ – for example 20p for a 20p piece.
But if a coin seems unusual in any way, look a bit closer, as that’s the first sign that it could be valuable.
A spokesperson for coin experts Change Checker said: “Any coin that is of particular collector interest, perhaps it has a low mintage, a specific error or mis-strike detail, or its design carries a popular theme, may hold a higher value than others.”
That could mean it has a special design on one side, or has an obvious mistake.
Change Checker has a guide that can help you work out if you’ve got a coin that’s valuable to a collector or best spent in a shop instead.
The most sought-after coin right now is the Kew Gardens 50p, Change Checker said.
The scarcity index looks at the rarest 50 pence pieces, A to Z 10p coins and £2s currently in circulation.
Experts at Coin Hunter say the Kew Gardens 50p can sell for an average of £156 on eBay, but we’ve also seen some examples fetching up to £200 on the auction site.
If you have a good idea what your coin is worth, one option is to sell it online on auction websites such as eBay.
But if you’d rather leave it to a professional, members of the British Nuismatic Trade Association will be able to help and perhaps sell them on your behalf.
‘Nuismatic’ means ‘relating to coins or medals’, and you can find a list of these experts here , sortable by county to help find someone local to you.
Recently The Mirror reported that a rare £2 coin launched to mark the centenary of the First World War could be worth up to £500 .
This particular coin is worth a mint if you happen to find one where the words “Two Pounds” are missing on the head side.
The coin in question is the 2014 First World War Centenary £2.
Of course, only the version with an error in its design is worth more than its face value.
The Royal Mint released this particular design seven years ago to mark 100 years since the start of the First World War.