I have recently found an undated 20 pence coin caused by a surprising error by the Royal Mint which has fallen short in their strict quality control. These error 20 pence pieces bear no date on either side because they were issued with mis-matched sides and escaped into circulation.
“The mismatch involves the new design reverse side (tails) and the old design Queen's portrait side. The old obverse (heads), bearing no date, is married to the new reverse (tails). Ordinarily this would only result in some coins of 2008 being issued with an older date (say, 2007 for example). But with the creation of the new designs for the 2008 coinage the date on the 20p was moved to the Queen's portrait side. On the old coins the Queen's portrait side had no date, so the result of this mismatch is not an incorrectly dated 20p, it is a wholly undated one.” Adapted from http://www.undated20p.co.uk.
The London Mint Office is willing to pay any registered individuals £50 in return for one of these coins. The Royal Mint does not know exactly how many undated coins were produced and released into circulation, but estimates range between 50,000 and 200,000. I personally think that figure is low and I reckon the value will increase after time when the London Mint gets hold of more of these coins, reducing them from circulation.
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