Quantum coalgebras over a field k are structures that produce regular isotopy invariants of 1-1 tangles, and twist quantum coalgebras over k are structures that produce regular isotopy invariants of knots. These structures are introduced and studied in [9]. In [6] and [8] certain families of quantum coalgebras and their resulting invariants of 1-1 tangles are examined in detail. In this paper we use the simple coalgebra C,(k), the dual of the algebra Mn(k) of n x n matrices over k, as a starting point for constructing twist quantum coalgebras. Among the twist quantum coalgebras we construct is a parameterized family related to the Jones polynomial in an interesting way.The Jones polynomial can be computed by the (normalized) bracket polynomial [5, Theorem 5.2]. The bracket polynomial (for knots) in turn can be calculated from a quantum algebra structure on M2(C), which is described in [5, p. 580]. The dual of this quantum algebra is a certain twist quantum coalgebra structure on C2(C), which is discussed in [9, Sect. 8]. Thus the Jones polynomial for knots can be computed from a twist quantum coalgebra structure on C2(C).