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Cryptocurrency News Articles
New £1 coin featuring King Charles' face turns out to be made of gold and is now worth hundreds of pounds
Sep 28, 2024 at 06:24 pm
Diane Bath, who runs The Post Office in Broughton-in-Furness, Cumbria, took delivery of coins stamped with King Charles' face which turned out to be a goldmine.
A Post Office worker was left 'over the moon' after discovering a rare gold £1 coin in a delivery of change.
The coins, featuring the new King Charles stamp, were delivered to The Post Office in Broughton-in-Furness, Cumbria on Monday (February 27).
But staff quickly noticed something unusual about one of the £1 coins in the delivery.
The coin appeared to be entirely gold, rather than the usual two-tone nickel.
After closer inspection, staff realised that the error was caused by the coin being all brass, rather than the two-tone nickel.
The error is believed to be "incredibly rare" and a one-of-a-kind mistake.
Post Office worker Diane Bath, 62, spotted the rare coin and told The Sun: “I am absolutely over the moon.
"Obviously we handle cash all of the time and it’s the most exciting find I’ve ever had in over two decades.
"I had a look online and couldn’t see one like it, so I knew it must be worth a decent amount.”
The first coins featuring the new monarch were released by The Royal Mint back in 2022 following Queen Elizabeth II's death.
All UK coins bearing the effigy of Elizabeth II will remain legal tender and in active circulation.
Oliver Reece, British Coin Specialist at Baldwin’s, said: “It may not be unique but certainly they are, by their very nature, rare things and the market is quite strong for modern errors.
"I should think it would be worth a good few hundred pounds but you never know how these things will go at auction as there are often no direct comparisons.”
A Royal Mint spokeswoman said: “The Royal Mint has tight quality controls in place and the chance of encountering any UK coin with error is exceptionally low.
“We always urge collectors to be cautious and to do their research.”
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