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Check your coins - Royal Mint mistakenly create King Charles £1 coins worth £600

Linda Hamilton
Release: 2024-10-23 18:16:36
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A postmistress has discovered a 'one-of-a-kind coin' that was accidentally created in brass rather than the usual two-tone nickel

Check your coins - Royal Mint mistakenly create King Charles £1 coins worth £600

A postmistress who discovered a rare £1 coin in her till has been left stunned after it sold at auction for £1,250.

The coin, which was accidentally created in brass rather than the usual two-tone nickel, was included in a delivery of 2023 coins straight from the Royal Mint bearing King Charles' face on September 16.

It was left uncirculated and was part of the first batch of coins to enter general circulation.

After picking that particular bag of change to empty into the till, her colleague Siobhan later noticed it was a bit 'unusual' compared to the others.

After being unable to find a coin like it online, and not coming across such an oddity in 20 years of running the post office, Diane consulted experts who estimated the coin to be worth as high as £600.

She decided to sell the coin at Ryedale Auctioneers in Yorkshire on Friday, October 18.

Together with her husband Alan, they made a day of it and visited the auction house.

"We chose Ryedale Auctioneers because we love the TV show The Yorkshire Auction House," said Diane.

"Though there was no filming taking place, we met presenter and auctioneer Angus Ashworth.

"He was really nice, very genuine and really enthusiastic about our find."

The rare £1 coin pictured as part of Ryedale's Auction (Image: Ryedale Auctioneers) The coin was included in the Coins, Banknotes, Stamps and Militaria Auction at Ryedale Auctioneers.

Coins Valuer at Ryedale Auctioneers Jacques Tinkler said: "This was the first instance we encountered a coin with this particular error and there were no prior auction results to inform our pre-sale estimate.

"However we anticipated strong interest from coin collectors so we assigned a valuation between £500 and £800.

"On auction day, bids came in quickly, and the coin ultimately sold to a keen coin collector in southern England for £1,250, with the buyer paying just over £1,600 including auction fees. We were very pleased to achieve such a good result for the seller."

The first bid came in at £400 then it just kept shooting up to £500 then £570.

Finally, it was a lady on the phone who placed the winning bid for £1,250.

Everybody clapped and it was such an exciting day.

We're thrilled to bits that it's gone to someone who really wants it.

We're sharing the money with Siobhan and Alan and I have plenty of things we're going to put ours towards.

We have a trip to Germany soon for the Christmas markets and it's our 25th wedding anniversary and Alan's 70th birthday coming up.

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