A rare 1937 Edward VIII sovereign coin has been bought by a private collector for 1 million pounds (US$1.31 million), making it the most expensive British coin ever.

The first £1 coins featuring the King have entered circulation, with collectors encouraged to look out for the historic addition to the nation’s change. Nearly three million of the new designs ...

Three of these pattern coins, made in the UK, are worth more than $1 million, according to the Paul Fraser Collectibles website. They are the 1937 Edward VIII 5-pound pattern (worth $2.28 million ...

Last year was a lucrative one for sellers of rare coins, as one auction house sold five specimens for more than $1 million each — including one that fetched a record price in its category.

But Tesco says it will continue to accept the round pound for an ... About 1.2 billion of the old coins have so far been returned, but an estimated 500 million are still in circulation.