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 Replies: 16 / Views: 10,539 |
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New Member
United Kingdom
3 Posts |
Hi everyone :) I came across this today, I've done a bit of research and I know its the new £1 coin planned to be introduced 2017 but I couldn't find anything saying if it was rare or not. I work in a cash office and I know a lot of the rare and collectable coins but never in 14 years have I seen a trial piece! Just wondering if anyone here knew anything about it. Thanks   |
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Pillar of the Community
Canada
4911 Posts |
without knowing anything about it, i'd make an educated guess that it's a test token to see how the new ones work in vending machines, parking meters etc.
Feel free to call me Will.
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Pillar of the Community
United Kingdom
735 Posts |
Nice find Angel.
Trial pieces are sometimes struck to test metal structure and the coining presses before a full run of circulation coins begins. They are of interest and do have value, however, as to how much any individual trial piece is worth would depend on how many collectors wanted to own it and how much they would be prepared to pay. I see other examples of this £1 trial piece have appeared for sale on the web recently (Google it) but have failed to attract buyers at the prices they are being offered at.
I have a trial piece made to test the half penny presses in 1957. Although certainly rare(ish), it cost me no more than a few pounds. I'll post photos presently.
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New Member
 United Kingdom
3 Posts |
I saw the ones that's been on ebay in the past and one on preloved for £999......I actually laughed when I saw that one lol :) I doubt it's worth anything near those amounts, I was just curious to it's rarity as I've never come across a trial coin before. |
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Pillar of the Community
United Kingdom
709 Posts |
Compare this with the 1994 £2 trial coins. I bought one in the presentation pack about 2 years ago for £40. They are now being advertised on ebay for around £150 to £200. One newspaper article said that only 4500 packs were made. Give it a few years and your trial £1 probably will be selling for three-figure sums. Something else that is starting to climb in price is the 2009 Blue Peter olympic 50p. What interests me is how these trials leak out to the public. I thought that they were issued to manufacturers for design/testing of machines and were supposed to be returned. Is there anyone in the business who knows how it works? Am I right in thinking that employees "souvenir" them? |
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Pillar of the Community
United Kingdom
1324 Posts |
If you work within a cash counting business and have a legitimate need for one of these you can write to The Royal Mint. For any tokens that are "lost" the mint will charge you a whopping 80p |
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New Member
United Kingdom
3 Posts |
I found another one today! It was in with a bag of 50p's. It seems strange to find two a few days apart in the same cash office so I'm guessing they're not that rare.
Still swapped it for a £1 out of my purse, they're nice coin to have :)
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Valued Member
United Kingdom
190 Posts |
Well if you dont want one sell me one .
Pete.
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Valued Member
Germany
55 Posts |
Considering the new £1 won't be introduced until 2017 I reckon it'll be quite a rare find just now as none of these are even out yet, and with the curiosity factor inbuilt for the new coinage I reckon it might be worth a bit more than expected....... It might not be worth as much later as it might be now, i'd try it on ebay, I think there will be interest |
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Valued Member
Germany
55 Posts |
Just to add to this, there is a trial piece being offered in a sale in December for an estimate of between £400-£600
Now you know what to do with it ;-)
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Valued Member
United Kingdom
252 Posts |
The Royal Mint are removing any found for sale on ebay, as they are still the property of The Royal Mint and are supposed to be returned no later than December 2017.
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Valued Member
Germany
55 Posts |
The RM has nothing to do with ebay, the coin I mentioned being for sale is for sale with an established coin auction house and they haven't reported anything on this. Do you have something to support this story RED? |
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Rest in Peace
 United States
1380 Posts |
If The Royal Mint informs ebay that the item in question belongs to the government and cannot be legally sold, they most certainly can have ebay halt the auction. |
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New Member
United Kingdom
3 Posts |
A colleague of mine bought one of these coins via ebay and The Royal Mint asked for the coin to be returned and refunded the money he paid. He was given a deadline to return it. |
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Valued Member
Germany
55 Posts |
Here is the auction, I've sent a question to them regarding the legality of selling and ownership
www.dnw.co.uk/auctions/catalogue/lot.php?auction_id=443&lot_id=1111&search=1
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Valued Member
Germany
55 Posts |
Now confirmed after an email was sent to the RM regarding these trial pieces. The RM are pulling any they find. This is from the RM customer services
Thank you for your email
The coin illustrated is a trial coin and should not be sold. Thank you for bringing this to our attention
Kind Regards
Customer Services
Edited by wiamcim
10/20/2016 07:23 am
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Replies: 16 / Views: 10,539 |
Posted 09/23/2016 04:01 am
