The old £1 coin launched in 1983, replacing the old £1 banknote, and went out of circulation in October 2017. It has been replaced by a thinner, lighter 12-sided coin. The old round coins are no longer legal tender, and shops, restaurants and other retailers aren’t accepting them.
How much is the 1983 pound coin worth?
The mintage for the 1983 coin is the highest of all the round pound coins: 443,000,000. Not surprisingly, this is considered a very common coin. For a circulation coin, you’ll have to spend £2.99 on eBay as of 2019.
Is a 1983 one pound coin silver?
The year 1983 is significant for the United Kingdom as it heralds the introduction of the new modern one pound coin which entered circulation on 21st April 1983.
Specification.
| Diameter | 22.50mm |
|---|---|
| Weight | 19g |
| Alloy | Sterling Silver |
| Fineness | 0.925 |
| Actual Silver Weight | 0.5650 Troy oz |
Can you still accept old pound coins?
Banks no longer have to legally accept old paper notes and coins once they have been withdrawn from circulation. However, some do continue to allow customers to deposit them into their accounts. According to MoneySavingExpert, Barclays, Nationwide and Santander banks all let customers deposit the old tender.
What pound coins are valid?
Banks still accept the older £1 coins. See this page for the 1983 – 2016 round £1 coins. Six 12-sided £1 coins have been issued (2016, 2017, 2018, 2019, 2020 and 2021). More information on new £1 varieties here.
What is the rarest old pound coin?
What are the rarest £1 coins?
- 2011 Edinburgh £1. On eBay, Edinburgh £1 coins can sell for more than a tenner.
- 2011 Wales Cardiff City £1.
- 2010 London City £1.
- 2008 Royal Arms £1.
- 2014 Thistle and Bluebell £1.
- 2013 Daffodil and Leek £1.
- 2013 Rose and Oak £1.
- 2014 Flax and Shamrock £1.
Are any old 1 pound coins valuable?
Rarest old pound coins
According to coin collection specialists Change Checker, the 2011 Edinburgh £1 (pictured below) tops the list. The site ranks coins on a score from one to 100: the higher the rating, the more valuable the coin is likely to be.
Which are the rarest coins?
The Rarest Coins in the World
- 1804 Silver Dollar, Class I.
- 1794 Flowing Hair Silver Dollar.
- 1933 Saint Gaudens – Double Eagle.
- 1343 Edward III Florin.
- 1787 Brasher Doubloon.
- 1913 Liberty Head Nickel.
Are the one pound coins silver?
Elizabeth II, £1 (Northern Ireland Pound) 2001 Proof Sterling Silver. This Silver Pound features the Rank-Broadley bust of Queen Elizabeth II and is a rather handsome rendition. The reverse has a Celtic Cross which is to honour Northern Ireland.
Is a 1982 20p coin valuable?
The error coin could be worth up to £750 – but it’s not just that 20p coin that could be worth a small fortune. Unlike 50p and 10p coins, the 20p design has remained almost the same since it was first minted back in 1982, making only a handful of them actually valuable to a collector.
Can old pound coins still be changed 2022?
It’s much easier here – you can just spend them! They will remain usable for until the end of September 2022. From 1 October 2022 you’ll be able to deposit them or swap them in the same way you can now for fivers and tenners.
Is it too late to change old pound coins?
When did the old one pound coins go out of circulation? The old “round pound” stopped being legal tender on Sunday, October 15. However, if you didn’t manage to spend all of the old coins, you aren’t necessarily out of pocket. Customers can continue to deposit them into any many usual high street bank accounts.
Will Lloyds bank accept old pound coins?
Coin denominations below £1 – only full coin bags will be accepted per the amounts specified on the bags. £1 and £2 coins will still be accepted in partial bags as long as the denominations are separate. The maximum amount of coins that you can pay in for any single deposit is £250.
Which British coins are no longer legal tender?
The following are NOT legal tender coins in the UK: Old £1 coins. Withdrawn coins: farthing, pre-decimal halfpenny, pre-decimal large penny, threepence, sixpence, shilling, florin, decimal half penny and larger versions of 5p, 10p and 50p coins.
What coins are still in circulation?
The penny, nickel, dime, and quarter are the circulating coins that we use today. To learn more about the history of these coins, read The History of U.S. Circulating Coins.
How do I exchange old British pounds?
Please complete a postal exchange form for individuals or businesses (available below). Send it with your banknote(s) and photocopies of ID (one photo ID and one proof of address) for any exchange (mandatory for any exchange of £700 or more) to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.
What can I do with my old pound coins?
Exchanging old £1 coins
If you still have some old £1 coins, chances are that you can deposit them into your bank account. Many banks still allow you to pay them in, but they won’t exchange them for new coins. Be aware that this is done at your bank’s discretion and they are under no legal obligation to do so.
What year coins are worth keeping?
All quarters minted before 1965 are worth their silver value. All Standing Liberty quarters have a premium above that value, except for well-worn coins. Among Washington quarters, only the 1932-D and 1932-S have a significant premium over the silver value. The 1955-D also carries a premium.
Where can I sell my old pound coins?
One Pound Coins (£1) & Two Pound Coins (£2)
The best place to sell these types of coins is eBay. There is a huge following and better yet, you keep all your profits made.
What is the rarest coin in the UK?
The famous 2009 Kew Gardens 50p remains the most coveted coin in circulation, with a mintage of just 210,000.
How much is the Peter Rabbit 50p worth?
If you own the Peter Rabbit 50p coin it’s currently worth £3.50.