Rare coins with mega value - with iconic error £1 piece worth hundreds

Checking your stash could unveil some very special coins which are worth hundreds more than face value. Whether it's from centuries ago, or boasts a unique error on the front, keeping an eye on the little details is crucial.

Now if you're looking to bag some extra money, see if you own any of these rare £1 coins. In a post on TikTok, user @CoinCollectingWizard, who boasts 253,100 followers, shared the three pieces which are worth keeping an eye on.

He then exclusively revealed what to do if you find yourself with one of these coins. The video began: "Valuable £1 coins you need to look out for. The last one is unbelievable.

"This is a new pound coin from 2016 and what you need to look for is a small floral symbol at the bottom left of the coin, just above the letter 'E'. If you find this then it's rare and only 9,850 were minted.

"Next is an old round pound coin from 2016 with the shield design, only 38,000 of these coins were minted making it rare and worth around £30 to collectors. Just remember the date needs to be 2016."

He then detailed a 2016 £1 coin which you'll need a magnifying glass to find this error. The TikTok user continued: "Some of the 2016 coins were minted with the wrong engraving of 2017 making this super rare and valuable to coin collectors.

"So check around the edge for the date 2017 and if you find this, it's been know to sell for £500."

Since the video was posted on TikTok, it racked up hundreds of likes and now the man himself gave further detail on these special coins. He also explained to coin collectors how you can get your claws on one.

"The first pound coin is usually in collector sets from The Royal Mint so would only be found in your change if someone broke open the pack and spent it which does happen," he exclusively said.

He added: "The second coin is an old round pound coin and many are still out there around people's homes. You can't find the old pounds in change anymore but it is very possible they have one lying around somewhere.

"The third error coin with micro engraving has been found a few times by collectors and are definitely out there to find."

Next the TikTok user also claimed people make one mistake with the coin as he added: "They don't normally find many due to the tiny micro engraving and needing a magnifying glass to see if it has the error.

"The last one sold for £550. If you were to find them then eBay is a great place to sell or take them to your local coin shop/antiques. There are also many Facebook coin groups that collectors are always on buying and selling."