2017-04-19 Wed

There are some rumours that the latest 12 sided 2016 £1 coin are rare and that they can fetch you hundreds of pounds. Collectors and people, in general, are falling prey to this rumour which is completely untrue. Almost all these coins have the date 2016 on them. The Royal Mint produced more than half a billion of these coins so that they are sufficient during the launch in March. Every person in UK is entitled to eight new coins, which means that these new pounds are not at all rare.