New £1 coin error could be worth thousands after they entered circulation in August

Three million of the “bee” £1 coins have made their way into tills and into our pockets since then. However, a version with an error was also entered into circulation

Three million of the “bee” £1 coins have hit tills since August, but a version with an error could be worth thousands.

TikTok user @coincollectingwizard highlighted the blunder in a video.

They said: “All new £1 coins are made with two metal rings.

"The outside is made from nickel brass while the inside is nickel-played brass alloy.

"But the rare £1 coin that has been found recently is all one colour.”

The £1 piece has been spotted by online coin enthusiasts after they entered circulation in August.

The coins are adorned with the iconic Kew Gardens design, which features 26 different types of British flowers, plants and bees.

The £1 piece was first introduced in 1983 to replace the £1 note.

It is made from two rings of metal, with the outer ring being composed of nickel brass and the inner ring being composed of nickel-plated brass alloy.

The coin is legal tender in the United Kingdom, the Channel Islands and the Isle of Man.

However, a version of the coin with an error was also entered into circulation.

The error is caused by the coin being struck only once, instead of twice.

This results in the coin being only one colour, instead of two.

Coin experts believe that the error coin could be worth thousands of pounds.