Brits have been urged to check their wallets and coin jars at home for a rare error coin(Image: (Image: Getty))

Rare King Charles III £1 coin error could fetch over £1,000 for lucky finders

by · NottinghamshireLive

Brits are being nudged to check their wallets and coin hoards for an exceptionally rare error £1 coin that's slipped into circulation, boasting a novel King Charles III bee motif. The Coin Collector UK, a notable TikTok collector with a large audience, has pointed out that this peculiar coin might rake in over £1,000 due to a specific minting blunder.

To his 145,000 followers, he suggested: "Check all your bee pound coins. Brand new bee £1 coins entered circulation just last month and an extremely rare error has been discovered within a month."

The mistake was initially spotted by an observant Post Office worker. The prized error coin stands out, entirely gold, bereft of the signature gold rim and a nickel-brass centre.

The specialist expounded: "They noticed an all-gold pound coin that had clearly been minted by mistake. Our 12-sided one pound coins are supposed to be gold only around the edge, with a circular silver cupronickel part in the middle."

Although these coins have yet to be sold, he appraises their value at no less than £500, with the potential to attract bids past £1,000 from dedicated collectors. Wrapping up, he stated: "Errors like this are often snapped up by error collectors, and they aren't cheap," as reported by the Express.

"They sell potentially for hundreds of pounds, because of their scarcity and indeed the fact that they're not meant to exist. The actual selling price is still uncertain."

An expert valuer commented: "But an estimate of £500 plus seems fair. If it goes to auction, who knows it could reach over £1,000 if someone really wants this rare coin in their collection."

The Royal Mint has introduced a new series of coins "inspired by Britain's natural habitat", which were revealed early October. Each design aims to "highlight His Majesty King Charles III's passion for conservation and the natural world."

The Royal Mint informed: "The new coins mark the final chapter of His Majesty King Charles III's transition onto British coinage. Several million of the coins are currently in production at The Royal Mint."

It was announced that "The 50p will be the first coin to enter circulation and is expected to appear in people's change by the end of November, with other denominations expected to enter circulation from 2024 in line with demand."