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31 March 2017, 15:47
How to look out for the new £1 coin – and what to do with the obsolete ones.
The brand new, 12-sided one pound coin was phased into circulation this week. It has a secret, embedded ‘security’ feature, which for a while was kept under wraps – prompting people to try and guess what on Earth it could be.
But now the secret is out: the coin comes with an invisible secret code, printed on the Queen’s face, which proves its authenticity. The pigment is invisible to the human eye, but can be seen when you shine the specific frequency of an ultraviolet light upon it.
The Royal Mint – the body that mints coins in the UK – has claimed that the coin is the “most secure in the world”!
As the new, super secure £1 enters circulation, it leaves the old pound coin obsolete and some of those left behind are worth a little more cash than you might expect.
The 2011 Cardiff City £1 coin is worth £29.50, while the 2010 London City £1 coin is worth £30. There are 1.6m of the former in circulation, and £30 of the latter. There are 935,000 of the Edinburgh City 2011 £1 coin around and they’re going for up to £31
Those relatively rare coins might not make you a millionaire, but the numbers certainly have the potential to add up! And if you do have one of the coins in question, you could be in for a treat in the future, as they’ll become more valuable in the future as they become rarer due to others of their kind being withdrawn from circulation.
You could be quids in!
If you’re really lucky, you’ll manage to get hold of some of the super-rare and super-lucrative coins. Talk about laughing all the way to bank!
At the upper end of the scale, the 2012 London Olympics Aquatics 50ps are going for up £600 and the 1983 two pence pieces are fetching around £410. So keep your eyes peeled – you might spending more than you think!