Preparing for change – what happens to UK coins and banknotes

Queen Elizabeth II was our longest reigning monarch – appearing on our UK coinage since 1953.

All 29 billion coins currently in circulation in the UK have Queen Elizabeth II’s effigy on the obverse.

Close up image of British banknotes and coins.
Close-up of British banknotes and coins.

As the nation prepares for a new monarch, questions are being asked about what happens to our UK coins and banknotes.

What happens to UK coins and banknotes with Queen Elizabeth II’s portrait and how long will they remain in circulation?

Continue reading >>

What happens to British Isles and Commonwealth coinage with Queen Elizabeth II’s portrait on it?

Continue reading >>

What do I need to do with my QEII coins and banknotes?

Continue reading >>

When will the King’s coinage start circulating in the UK?

Continue reading >>

Which direction will the King’s portrait face on our UK coins?

Continue reading >>

Will there be a new obverse designer on the coinage of the King?

Continue reading >>

What will King Charles III’s Royal Cypher look like?

Continue reading >>

Find, Collect, and Swap the coins in your change

If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Sign up today by clicking here >>

NEW 50p ENTRANTS and HUGE shake-ups! Your latest Scarcity Index Update…

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!

Our 50p Index sees TWO new entrants with the issue of Platinum Jubilee and Pride 50ps into circulation, with our £2 and 10p Indexes both seeing HUGE shake-ups.

You can use the updated A-Z 10p, 50p and £2 indexes below to discover how sought-after the coins in your collection really are.

This information has been compiled using data from the Change Checker Swap Centre and presented in the easy to use indexes below, with arrows to signify how many places up or down a coin has moved since the last Scarcity Index.

50p Index

As we received updated mintage figures for the Pride and Platinum Jubilee 50p coins, they also made their debut in our 50p Index!

Ahead of the Platinum Jubilee weekend, the Royal Mint issued a further 1 million Platinum Jubilee 50p coins into circulation, meaning there are now 2.3 million out there for Change Checkers to find!

To celebrate 50 years since the first UK Pride Event, a brand new Pride 50p was issued into circulation, with a circulating mintage of 5 million!

As more Change Checkers find these coins in their change, it’ll be great to see how their position on our 50p Index shapes up.

Other key movers include the Triathlon 50p, which has climbed 5 places, now sitting in second place on our Scarcity Index.

The Paddington at the Palace 50p has also climbed an impressive 14 places. It seems Paddington’s appearance at Her Majesty’s Party at the Palace has driven up the collectability of this coin!

A-Z 10p Index

This quarter, the Robin 10p takes the top spot again after climbing 3 places! Just 284,000 of these 10p coins were issued between 2018 and 2019, making it one of the rarest 10p coins out there!

Looking elsewhere on the index, the Fish and Chips 10p has climbed 8 spots. With all the recent lovely sunshine we’ve been treated to, it seems that collectors are on the hunt for their favourite seaside treat!

Other key movers include the Postbox and Union Jack 10p coins, which have moved 8 and 9 places respectively.

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!

£2 Scarcity Index

There’s been a huge shake-up to our £2 Scarcity Index this quarter with the Commonwealth Games Wales £2 bumping back up into the top five.

The Wireless Transmission £2 coin has also made a climb up the board (by 14 places). As 4,558,000 have entered circulation since 1997, it can be quite a task to find one in your change. Have you got this coin in your collection?

Other coins to watch include the DNA £2, which has climbed by 5 places, and the Britannia £2, which climbed by 4.

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?

The £1 Scarcity Index has already been published for the Round £1 coins and, because they are no longer being issued, this is now set in stone.

Receive new UK coins without the hassle of placing orders on the day of release!

Join the Change Checker UK CERTIFIED BU Subscription Service and receive new UK coins sent to your door without the hassle of placing orders on the day of release!

Don’t miss your chance to get ahead of the crowd and be one of the very first collectors to receive the latest UK new issue coins as soon as possible after their release.

Everything you need to know about the Winnie the Pooh 50p series – before the last one is issued!

In 2020, The Royal Mint announced a brand new 9-coin 50p collection celebrating the beloved Winnie the Pooh books!

The series saw the loveable old bear, and his friends from Hundred Acre Wood, feature on 50p coins from 2020, through to 2022.

Winnie the Pooh 50p series. Showing 9 50p coins in a 3 by 3 grid.
Top row, from left to right: Winnie the Pooh, Christopher Robin, and Piglet.
Middle row, from left to right: Winnie the Pooh and Friends, Owl, and Tigger
Bottom row, from left to right: Eeyore, Kanga and Roo, and final coin showing a question mark.
The Winnie the Pooh 50p series. Browse the range here >>

But as the final coin in the series is set to be issued soon, we’re going to tell you everything you need to know about the Winnie the Pooh 50p series…

Demand drives sell-outs

Despite the series starting in 2020, the demand for the Winnie the Pooh 50p coins is so high, that the 2022 Eeyore 50p sold out within just HOURS of issue at The Royal Mint.

In fact, this coin was so popular that some collectors were even prepared to pay over retail price on the secondary market site, eBay.

2022 Eeyore Silver Proof 50p sold listing on eBay - showing £99.95 sold price.
2022 UK Eeyore Silver Proof 50p sells for £99.95 on eBay. (eBay UK)

Whilst it’s important to remember that anyone can list anything on secondary market sites, for whatever price they wish, this sold listing confirms that there is serious appetite for the Winnie the Pooh 50p coins.

Reverse designs by The Walt Disney Company

First in the series we saw Winnie the Pooh himself, just as we remember him.

2020 Winnie the Pooh 50p. Shows Winnie the Pooh sat down, with an overturned pot of honey and a bumble bee.
Inscription reads: 'Winnie the Pooh', with Disney copyright in bottom left.
2020 Winnie the Pooh 50p

The coin’s reverse design was produced by The Walt Disney Company which features an original illustration from A. A. Milne’s Winnie the Pooh storybooks by E.H. Shepard.

Sitting alongside an overturned pot of honey, Winnie the Pooh can be seen gazing at a bumblebee – because as you know, where there’s honey, there’s bees…

This was the first time Winnie the Pooh had featured on a UK coin and it was so popular that all 18,000 Silver Proof 50p coins sold out in LESS THAN 12 HOURS.

Worldwide Popularity

Illustration by Ernest Howard Shepard from Winnie-the-Pooh (1926), by A A Milne. 
Showing Rabbit, Christopher Robin, Winnie the Pooh, Kanga and Roo, Piglet, and Owl all walking in a line in tall grass.
Illustration by Ernest Howard Shepard from Winnie-the-Pooh (1926), by A A Milne. Source: Wikimedia Commons

The timeless and universal appeal of this silly old bear and his friends is unparalleled. He’s featured in 3 books, various film adaptations, and much much more.

The first book was published on the 14th October 1926 and was an instant hit – selling 35,000 copies in the U.K. and over 150,000 copies in the U.S.

In fact, so popular is the book that it was translated in over 50 languages, including Catalan, Thai, Esperanto, and Latin.

Final coin to be most in demand Winnie the Pooh 50p yet

Given the popularity of the previous coins in the Winnie the Pooh 50p series, the last and FINAL coin is set to be in HIGH DEMAND.

Whilst details of the final coin remain top secret, you can get ahead of the crowd by signing up to the Change Checker 50p Subscription Service.

As soon as the brand new coin is issued, we will contact you to advise your order has been secured and your 50p will be with you soon. So, you just sit back and wait for your exciting new coin to arrive, without any of the hassle of ordering it yourself.

Better still, as you’ll be one of the first to have this coin guaranteed for your collection, you won’t have to worry about sitting in queues on launch days.

Sign-up for free today by clicking here and avoid missing out on one of the most popular coins of the year!

Browse the Winnie the Pooh 50p Collection

Winnie the Pooh 50p series. Showing 9 50p coins in a 3 by 3 grid.
Top row, from left to right: Winnie the Pooh, Christopher Robin, and Piglet.
Middle row, from left to right: Winnie the Pooh and Friends, Owl, and Tigger
Bottom row, from left to right: Eeyore, Kanga and Roo, and final coin showing a question mark.
The Winnie the Pooh 50p Collection

To browse the entire Winnie the Pooh 50p range so far, click here >>