Swap info
King Charles III Banknotes – What we know so far
***UPDATE***
The Bank of England begin printing millions of King Charles III banknotes.
The Bank of England have announced that banknotes featuring King Charles III are being printed at a rate of 6 million in 24 hours. However despite this, the new notes won’t begin circulating until mid-2024.
The delay in new notes entering circulation is caused by machines such as self service tills not being able to recognise the new image.
The Bank of England’s chief cashier, Sarah John, said “There is a lot to do to ensure that machines used up and down the country can accept the banknotes. They all need to be adapted to recognise the new design, with software updates, and that takes months and months. Otherwise, we will be putting a banknote out there that people simply would not be able to use.”
A more sustainable transition
Taking guidance from the Royal Household, the new banknotes will only be issued to replace worn or damaged Queen Elizabeth II notes, consequently two monarchs’ portraits will co-circulate for some time!
This transition phase will minimise the environmental and financial impact of the change, in keeping with the King’s vision for a more sustainable future.
His Majesty’s portrait will now appear on the front of the notes, however there will be no changes to the current reverse designs:
- Winston Churchill (£5)
- Jane Austen (£10)
- JMW Turner (£20)
- Alan Turing (£50)
But, any serious collector knows that it’s not just the design you should be looking out for…
King Charles III Banknote – ‘Rare’ Serial Numbers to look for
AA01
Remember the excitement when the first polymer £5 note was issued?
I’m willing to bet that every single person in the country checked theirs at some point to see if they were lucky enough to find one with the prefix AA01.
The annual Bank Of England charity auction held at Spink and Son Ltd in London auctioned off a Queen Elizabeth II polymer £5 note with the serial number AA01 000017 for £4,150.
And the following year, a Jane Austen Polymer £10 note with the serial number AA01 000010 sold for a staggering £7,200 – over double the guide price!
As King Charles III becomes only the second monarch to appear on circulating Bank of England notes, i’m expecting a similar level of demand for the first run of AA01 notes during His Majesty’s reign.
AK47
Considered collectable due to the machine gun connotations, polymer notes with the prefix AK47 were thought to be worth tens of thousands of pounds following the new £5 release in 2016.
This idea emerged after a £5 banknote with the prefix AK47 fetched a winning bid of £80,100 on eBay.
The seller must have been overjoyed with the jackpot amount but unfortunately the buyer had no intention of paying up.
Continue learning about ‘rare’ serial numbers to look out for >>
King Charles III 50p Coin
The first coin bearing the portrait of King Charles III entered circulation earlier this month – just 4.3 million are out there currently!
Have you found it? Use our helpful collector map to see where in the UK they’re being spotted to help you hunt one down >>
Join our Community Group of Facebook to swap with other collectors!
Swap, learn, and share with other collectors on the only official Change Checker Facebook group >>
New circulation coin causes a shakeup! Your Scarcity Index Update…
It’s time for your latest Scarcity Index update, where we reveal the circulation coin causing a HUGE shakeup.
It’s your chance to discover the UK’s most sought-after circulation 10p, 50p, and £2 coins of the last three months!
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 Scarcity Index
This quarter, it’s the circulation Pride 50p coin that has caused a huge Scarcity Index shakeup…
5 million Pride 50ps entered circulation in October, and it seems you’ve all been trying to get your hands on it as it’s climbed an astonishing 23 places!
If you’re new to the hobby and don’t know a lot about this coin, you can discover more here >>
Otherwise, stay with me as I’ll tell you the 50p to keep an eye on and the key movers on the 10p and £2 indexes!
The Wheelchair Rugby 50p has climbed up 16 places, putting it in the top 10 Scarcest 50ps in circulation.
And, with the first-ever King Charles III coin set to enter circulation next month, stay tuned for our next Scarcity Index update, where we’ll see its debut!
10p Scarcity Index
As we creep into the colder months, nothing beats an good cup of Tea to warm us up.
And things are certainly warming up on the 10p Index thanks to this coin.
The Tea 10p was first issued in 2018 as part of a 26-coin series celebrating all things Quintessentially British.
Another 10p to keep your eyes peeled for is the X Marks the Spot design. This has jumped up 17 places since our last Scarcity Index update.
A maximum of JUST 304,000 of each design entered circulation in 2018 and 2019, making them some of the most sought-after coins out there! So get checking your change for the A-Z 10p coins today!
£2 Scarcity Index
This quarter, we’ve seen the £2 index slow, with fewer moves. This is largely to be expected as we’ve not had a £2 coin enter circulation since 2016.
But, with a new era of UK coinage just around the corner, could we see a redesign of our £2 coins with King Charles III’s portrait on the obverse? Only time will tell.
But of course, the £2 remaining at the top of the Index is the 2002 Commonwealth Games Northern Ireland £2.
This coin has been in circulation for over 20 years but still remains a fan favourite. That’s because just 458,500 are out there.
Have you found this coin in your change? Let us know in the comments!
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.
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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.