Nearly three millions £1 coins will enter circulation this week and could be worth a small fortune to collectors in years to come. People are being encouraged to look out for new one pound coins featuring King Charles as nearly three million enter circulation across the UK via Post Offices and banks. The new coin could be worth a small fortune to collectors in years to come, so if you get one in your change, tuck it away in a safe place instead of spending it.
The £1 coin depicts a pair of British bees on the ‘tails’ side, in honour of the King’s passion for conservation and the natural world, and Charles’ official coin effigy on the obverse or ‘heads’. A total of 2.975 million £1 coins are being issued to banks and Post Offices, and they will co-circulate alongside ones displaying the effigy of the late Queen Elizabeth II, which will be replaced over time as they become damaged or worn.
The £1 coin is one of eight designs ranging from the 1p to the £2, inspired by flora and fauna to reflect the King’s commitment to the environment. Rebecca Morgan, director of commemorative coin at The Royal Mint, said: “The Royal Mint has made the circulating coinage of each of Britain’s monarchs since Alfred the Great and it is an honour to reveal that King Charles III’s £1 coin is now in circulation. “We know there’ll be a buzz of excitement amongst collectors and the public to get this special piece of history in their change.
“We hope the designs across al.