It’s time to really start examining your change again.
Change Checker has just been able to confirm that a small number of “Inverted Effigy” £2 Coins have entered circulation.
First discovered by a Change Checker, and now confirmed as genuine by The Royal Mint, this unusual strike appears on a handful of the 2015 Britannia £2 Coins.
The Royal Mint has accounted for the seemingly impossible misalignment of the Queen’s effigy as “almost certainly the result of one of the dies working loose and rotating during the striking process”.
The result is that the Queen’s head is offset by around 150 degrees compared to the Britannia design on the reverse of the coin.
Just how rare is the Inverted Effigy £2 Britannia?
The Royal Mint is unable to give any indication of how many Inverted Effigy coins have entered circulation but we can make some initial estimates.
The first-year 2015 £2 Britannia is already one of the most-scarce circulating £2 coins ever issued with just 650,000 coins passing through banks and cash centres. That already places it third equal in the all-time low mintage charts.
We have analysed 5,000 circulation coins and our results suggest that the Inverted Effigy may have affected as few as 1 in 200 of the coins struck – in other words around just 3,250 coins.
Of course, if the Inverted Effigy is a consequence of the die slipping during the striking process, it is possible that there may be other variations where the Queen’s head is less or more misaligned as the die has worked its way out of position.
Errors, mis-strikes and myths
Of course, given the many million coins The Royal Mint strike each year, it is to their immense credit that mis-strikes and errors are so few and far between. But, of course, when they do arise, they cause great collector excitement, as some of these other examples pay testament to.
- The Undated 20p – read more
- The “Silver” 2p – read more
- The 2014 Year of the Horse Silver £2 – read more
But there are a few myths out there too – upside down edge lettering, the “Pemember” Gunpowder Plot £2 coin and the “Necklace” £2 coin, which all have perfectly normal explanations.
But finally a note of caution. I’m sure in time we’ll see some “examples” of the Inverted Effigy £2 for sale online. Before you think of buying one, please beware. Are you seeing a genuine Inverted Effigy or just a coin that someone has rotated in a photograph to make it look inverted?