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 Replies: 13 / Views: 422 |
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New Member
United Kingdom
3 Posts |
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Bedrock of the Community
United Kingdom
18042 Posts |
 to the Forum! It's the first date the round £1 coin was minted, and hundreds of millions were made. They were demonetised in 2017 but you may still be able to pay them into your bank or change them for a new £1 coin. I work as a tour guide and sometimes change these for foreign tourists who have brought them back from a previous holiday: my bank lets me pay them into my account. In circulated condition they aren't of any value to a collector. Edited by NumisRob
05/20/2026 12:25 pm
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Moderator
 United States
190400 Posts |
to the Community! |
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New Member
 United Kingdom
3 Posts |
I see the exact same coin on ebay worth over 1 grand. I suppose there are 2 possibilities. There are people who really want them and willing to pay a lot for them or there are a lot of scammers trying to sell a coper coin for a lot of money. Since I know absolutely nothing about coins now I got a bit of a problem to find out if is really worth what some are asking. |
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Bedrock of the Community
United States
25823 Posts |
Quote:
there are a lot of scammers  popmihairadu, NumisRob is telling you the truth. Remember, people can ask ridiculous amounts for an ebay item. Check for sold items to see what people are actually paying for these. Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
Canada
21673 Posts |
Also that coin is considered not "Really Old". Queen Elizabeth
coins are considered modern coins.
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Pillar of the Community
United States
635 Posts |
Yes, the coin has a date of 1983 (about 10 o'clock on the first photo).
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Bedrock of the Community
United States
25823 Posts |
Hey popmihairadu, I also have one. UK 1 Pound 1983  Inordinately fascinated by bits of metal with strange markings and figures
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New Member
United Kingdom
3 Posts |
Oh well.... wife was so happy to find it. Looked on ebay and seen one going for a few grand and will get supper disappointed to find out is worth enough to buy a Pepsi bottle. |
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Moderator
Australia
16882 Posts |
Criminal gangs often "sell" cheap common coins on ebay for extremely high prices; they do this as a form of money-laundering. No actual coin collectors pay that much money for a common coin, but it can be annoying and confusing for non-collectors to find such listings. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
1915 Posts |
These can be worth very little, but some hidden treasures are highly valuable.
They were also attractive to the counterfeiters.
These coins have some good info about them easily found online including videos.
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Pillar of the Community
Australia
1617 Posts |
Quote:
.. but you may still be able to pay them into your bank or change them for a new £1 coin. Yep, I found that out the hard way. Found several while metal detecting in the UK. They were mangy and I knew they were demonetised so binned them. A few weeks later I was swapping money for old paper bank notes in Scotland when the chap said he could swap them for me. Too late.... Edited by David Graham
06/22/2026 4:49 pm
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Pillar of the Community
Australia
1617 Posts |
Also keep an eye out for the "rare" edge text the wrong way around scam.
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Valued Member
United Kingdom
392 Posts |
Yes. The edge text can be either way up. In August's issue of Coin News (widely available in British newsagents) there will be an article about fake £1 coins. You might find it useful. They're at https://www.tokenpublishing.com and have been very good to me. |
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Replies: 13 / Views: 422 |
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Posted 05/20/2026 12:55 pm
