Home web3.0 Postmistress discovers 'one-of-a-kind' £1 coin accidentally made of brass and sells it for £1,250 at auction

Postmistress discovers 'one-of-a-kind' £1 coin accidentally made of brass and sells it for £1,250 at auction

Oct 24, 2024 am 03:18 AM
Auction Rare £1 coin post office

62-year-old Diane Bath, who runs The Post Office in Broughton-in-Furness, discovered the 'one-of-a-kind coin' that was accidentally created in brass

Postmistress discovers 'one-of-a-kind' £1 coin accidentally made of brass and sells it for £1,250 at auction

A postmistress was left stunned after discovering a rare £1 coin that was accidentally created in brass and not the usual two-tone nickel.

The coin, which features the face of King Charles on one side and a Britannia design on the other, was found in a delivery of 2023 coins on September 16.

It was spotted by her colleague Siobhan, who noticed it was a bit 'unusual' compared to the others after being emptied into the till.

After being unable to find a coin like it online, and not spotting anything like it in 20 years of running the post office, Diane consulted experts who valued it at up to £600.

But she was left astounded when it fetched an incredible £1,250 at auction on Friday, October 18.

The rare £1 coin pictured as part of Ryedale's Auction (Image: Ryedale Auctioneers) 62-year-old Diane Bath, who runs The Post Office in Broughton-in-Furness, discovered the coin that was accidentally created in brass rather than the usual two-tone nickel last month It was included in a delivery of 2023 coins straight from the Royal Mint bearing King Charles' face on September 16 and uncirculated.

After picking that particular bag of change to empty into the till, her colleague Siobhan later noticed it was a bit 'unusual' compared to the others.

After being unable to find a coin like it online, and not spotting anything like it in 20 years of running the post office, Diane consulted experts who valued the coin to be worth as high as £600.

Finally, after taking it to auction at Ryedale Auctioneers in Yorkshire on Friday, October 18, she was astounded by the amount it fetched - £1,250.

She said: "Me and my husband Alan decided to make a day of it and we chose Ryedale Auctioneers because we love the TV show The Yorkshire Auction House.

"Though there was no filming taking place, we met presenter and auctioneer Angus Ashworth.

"He was really nice, very genuine and really enthusiastic about our find.

"The first bid came in at £400 then it just kept shooting up to £500 then £570.

"Finally, it was a lady on the phone who placed the winning bid for £1,250.

"Everybody clapped and it was such an exciting day.

Postmistress Diane at Broughton-in-Furness post office (Image: Broughton-in-Furness post office) "We're thrilled to bits that it's gone to someone who really wants it.

"We're sharing the money with Siobhan and Alan and I have plenty of things we're going to put ours towards.

"We have a trip to Germany soon for the Christmas markets and it's our 25th wedding anniversary and Alan's 70th birthday coming up."

Coins Valuer at Ryedale Auctioneers Jacques Tinkler added: "This was the first instance we encountered a coin with this particular error and there were no prior auction results to inform our pre-sale estimate however we anticipated strong interest from coin collectors so we assigned a valuation of between £500 and £800.

"On auction day, bids came in quickly, and the coin ultimately sold to a keen coin collector in southern England for £1,250, with the buyer paying just over £1,600 including auction fees. We were very pleased to achieve such a good result for the seller."

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