It’s time for your latest Scarcity Index update, where we reveal the UK’s most sought-after circulation coins of the last three months! And it’s all change once more, as we see some new entrants to our 50p and 10p Indexes…
Following the confirmation of the 2019 mintages at the beginning of the month, we’ve updated our 50p and 10p index to include the Sherlock Holmes 50p, Paddington at the Tower of London 50p, Paddington at St. Paul’s Cathedral 50p, and we’ve updated the total mintages for the A-Z 10p coins.
Whilst these figures have only just been released and we’ll most likely see the effect this has on the Index in the next quarter, there’s been a lot movement across the board in this update…
A-Z 10p Scarcity Index
There’s been another big mix up in our latest A-Z 10p Scarcity Index, with our biggest climber, Q for Queue, jumping up a huge 13 places!
The Yeoman Warder 10p has also knocked the Tea 10p off the top spot where it was sitting comfortably for the previous two quarters!
We’ve seen the Robin 10p climb four spaces – no doubt due to that incredibly low 2019 mintage of just 64,000. This takes the combined 2018 and 2019 mintages for this coin to 284,000.
In fact, all of the lower mintage A-Z 10ps have shot to the top of the index. The Y, Z, and W 10ps all have a 2019 mintage of JUST 63,000 and now all sit in the top 4!
Regardless of where they feature in the above index, if you have any of the A-Z 10ps in your collection you should consider yourself very lucky. A maximum of only 304,000 of each design entered circulation!
Find out which coins in the series have the lowest mintages here >>
50p Scarcity Index
The top of our Scarcity Index remains consistent with our last update with the Judo 50p sitting just below the Kew Gardens 50p.
However, there’s been a lot of shuffling in the middle and lower third of the index, with the Pentathlon 50p climbing 10 spots and the Taekwondo 50p dropping 10! Last index the Taekwondo 50p climbed 11 so it’s interesting to see it fall back down this quarter.
Now that we have the mintages for the Sir Arthur Conan Doyle (Sherlock) 50p and the 2019 Paddington coins, we’ve seen these enter the index relatively low.
Whilst both coins are relatively common (8,602,000 Sherlock Holmes 50ps entered circulation and 9,001,000 of each 2019 Paddington coins entered circulation) we’re excited to see how the confirmation of their mintages effects their place on our next Scarcity Index update…
£2 Scarcity Index
Once again we’ve seen a reshuffling of the Commonwealth Games coins at the top of the Index, with the Commonwealth Games Wales £2 climbing back into the top 4.
There’s been a fair bit of shuffling around in the rest of the index, with the Florence Nightingale £2 climbing 8 places this quarter! The Act of Union £2 has also dropped 6 places in this update. These are definitely the coins to watch over the next few quarters…
There’s no doubt that the Treasury’s announcement of having no plans to issue any £2 coins into circulation for the next 10 years has caused a bit of shuffling in this index and we’ll no doubt see this effect trickle into the next few updates.
How your Scarcity Index works
Generally collectors have had to rely upon mintage figures to identify the scarcest coins. But they only tell part of the story. Trying to find a good quality coin from 15 – 20 years ago, even for a higher mintage issue, is much more challenging than a more recent issue, as coins become damaged over time and are ultimately removed from circulation.
Additionally, some designs are more hoarded than others by people who might not normally collect coins – the poignant First World War £2 Coin series being an example. Finally, it can be up to a couple of years before the Royal Mint eventually confirms the actual mintage for an issue.
That’s why we have combined the mintage information with two other key pieces of information.
- How many of each design are listed as “collected” by Change Checkers, indicating the relative ease of finding a particular coin.
- The number of times a design has been requested as a swap over the previous 3 months, showing the current level of collector demand.
Importantly, as new coins are released and popularity rises and falls across different designs the Scarcity Index will be updated quarterly allowing Change Checkers to track the relative performance of the UK’s circulation coins.
How much are my coins worth?
The Scarcity Index does not necessarily equate to value but it is certainly an effective indicator. For example, the Kew Gardens 50p coin commands a premium of up to 200 times face value on eBay.
You can use the 6 point guide to help you determine a more realistic value for your coins.
What about £1 Coins?
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