Check this new King Charles £1 coin for error that makes it worth more than £1,000

Brits have been urged to check their wallets and coin jars at home for a rare error coin that has only just entered circulation. The £1 coin, which features King Charles III on the front, is distinguishable by a unique bee design on the front.

An expert, known online as The Coin Collector UK, revealed this coin could be worth more than £1,000 if it has been minted with a specific mistake. Speaking to his more than 145,000 followers on social media platform TikTok, he explained what to look for.

He said: “Check all your bee pound coins. Brand new bee £1 coins entered circulation just last month and an extremely rare error has been discovered within a month.

“The error was spotted by a Post Office worker after a delivery of the new coins reached the general public.” The valuable error coin will be entirely gold, rather than having just a gold rim.

The expert continued: “They noticed an all-gold pound coin that had clearly been minted by mistake. Our 12-sided one pound coins are supposed to be gold only around the edge, with a circular silver cupronickel part in the middle.”

While none of these coins have yet to be sold, he estimated they could be worth more than £500 - and even over £1,000 depending on the collector. He added: “Errors like this are often snapped up by error collectors, and they aren't cheap.

“They sell potentially for hundreds of pounds, due to their rarity and also the fact that they should not even exist in the first place. The exact price this would sell for is unknown.

“But an estimate of £500 plus seems fair. If it goes to auction, who knows it could reach over £1, 000 if someone really wants this rare coin in their collection.”

According to the , the bee design is part of a new collection of coins “inspired by Britain’s natural habitat”. They were unveiled in early October, with each design “highlighting His Majesty King Charles III’s passion for conservation and the natural ”.

The Royal Mint says: “The new coins mark the final chapter of His Majesty King Charles III’s transition onto British coinage. Several million of the coins are currently in production at The Royal Mint.

“The 50p will be the first coin to enter circulation and is expected to appear in people's change by the end of November, with other denominations expected to enter circulation from 2024 in line with demand.”