The value of a 1983 British one pound coin can vary depending on its condition and whether it has any errors.
- In circulated condition, a 1983 one pound coin is generally worth its face value, meaning £1.
- However, collectors might be interested in better condition examples:
– Fine condition: £1.50
– Extremely fine condition: £3
– Uncirculated condition: £5 or more
- Certain 1983 one pound coins with errors can be significantly more valuable to collectors.
- One known error is an upside-down edge inscription, meaning the phrase “DECUS ET TUTAMEN” is inscribed incorrectly.
- Coins with this error can command prices ranging from around $230 USD to upwards of $4000 USD on platforms like Etsy and eBay, depending on the severity of the error and overall condition.
Note: The 1983 one pound coin was demonetized on October 15, 2017. However, banks may still exchange them for their face value.
What is the error on the 1983 pound coin?
Good point! This rare 1983 Coat of Arms £1 pound coin features an interesting mint error where the design is upside down. The design includes the Coat of Arms of the United Kingdom, with the Latin inscription “DECUS ET TUTAMEN” below, which translates to “An ornament and a safeguard”.
Are 1983 coins worth anything?
Thanks for asking. Coins from the early 1980s, including 1983, are relatively scarce in higher grades because they were heavily circulated and fewer were saved in mint condition. Collectors often seek out 1983 Quarter error examples, e.g., those with doubling or off-center strikes. These can significantly increase a coin’s value.
Is there a rare 1 pound coin?
I can help with that. 2011 Edinburgh £1. Topping the list as the rarest £1 coin in circulation, the 2011 Edinburgh £1 was part of a series celebrating the UK’s capital cities. It remains the only £1 coin with a mintage below one million, making it a sought-after piece among collectors.