Rare £1 coins – what they are and where you can find them

The UK is in a unique moment in its numismatic history, as the £1 coin, our core unit of currency, changes over from a simple round shape to a 12-sided design complete with two different colours of metal and an engraved surface hologram effect.

Like the recent launch of the polymer £5 note, the 12-sided pound coin launch has got collectors on the hunt for rare and unusual examples – but unlike a bank note, a coin does not have a unique serial number. So what makes one pound coin rarer than another?

  1. First dates

Although the new £1 coin launched in March 2017, the first examples of it were actually minted in the previous year, so look out for 12-sided £1 coins marked 2016.

It’s not clear how much these will be worth in the future – some have already sold for many times their face value and the Royal Mint describes 2016 12-sided £1 coins as ‘scarce’, although in fact more than half a billion were struck.

  1. Minting mistakes

Mistakes in the minting process make individual coins genuinely unique, so look out for alignment errors between the two faces of the coin.

For example, the new £1 coin should have a point at the bottom – where two of its 12 sides meet – and this should align with both the ‘hologram’ and the lowest point of the Queen’s portrait; if any of these elements are out of alignment, you may have a rare coin on your hands.

  1. Llantrisant mintmark

The Llantrisant mintmark is a ‘cross crosslet’ – a shape similar to a crucifix – and appears above the ‘E’ in ‘ONE’ on a special edition of the 2016 12-sided £1 coin.

In theory those particular coins will go straight into collections and never enter circulation, but it’s worth looking out for the Llantrisant mintmark especially if you have a £1 coin dated 2016, as it could substantially increase its value as a collectible.

  1. Closing the circle

Finally, it might be worth hanging on to a few good examples of the last round £1 coins to be minted – they’re everywhere now, but as October 2017 approaches the round pound should gradually disappear for good.

This makes mint condition ‘old’ pound coins dated 2016 a collector’s item for the future, while good quality 1983 £1 coins – the first year the coin was issued – are also likely to rise in value over time.

Taste of Summer – prepping your venue

In an ideal world, the sun would shine continually during June, July and August but realistically we’re only going to get the odd sunny spell (hopefully at the weekend when people are off work). It’s important that your pub or club makes the most of the good weather, holding BBQs, fun days and special events but it’s equally important to keep the tills ringing when the weather isn’t great.

Here are some top tips to get your venue ready for summer:

Think about your seating

You need to consider your seating both indoors and outdoors. Do you need to invest in some outdoor benches and furniture? Perhaps a few deck chairs and a gazebo? If you don’t have outdoor heaters you’re missing a trick as the nights can still get pretty cold at times.

Think about inside too. Are you wasting valuable space indoors because your layout needs adjusting? You don’t want people to end up moving on because they can’t get a seat. If you think creatively, you could find enough room for a pool table which could draw people in, especially if you run regular competitions throughout the summer.

Get creative

Decorate your pub or club with colourful bunting, buckets and spades, introduce summer themed cocktails and don’t be afraid to embrace the Hawaiian shirt! Introduce a digital jukebox if you don’t have one already so people can blast out their favourite summer anthems.

Consider families more

You might make the majority of your money at the weekends but during the week there is the opportunity to draw in families, especially during the summer holidays. Could you do special meal deals, offer child-friendly afternoon teas, have a bouncy castle and games in your outdoor space? If you’ve never targeted families before, just try one or two things to see if they work before you invest more of your time and resources. If you’re going to run family fun days, you may want to hire a sound system. Contact Manco Automatics today by ringing 0161 870 7777 and they can have one in place in a matter of days.