Scarcity Index

How scarce are your coins? Here’s our latest Scarcity Index update!

The first Change Checker Scarcity Index update of 2018 is here. The 50p and £2 Scarcity Indexes have been compiled using data from the first three months of the year.

We’ve added a new feature to help you track the performance of your coins. The arrows signify how many places, up or down, a coin has moved on the Scarcity Index; any coins with a yellow star are making their first appearance after having been released into circulation.

50p Scarcity Index

2018 Q1 50p Scarcity Index 994x1024 - How scarce are your coins? Here's our latest Scarcity Index update!

Kew Gardens remains the most scarce UK 50p coin which is not surprising with a mintage figure of just 210,000. There are a number of coins which have moved up the index quite significantly, such as Shooting, Pentathlon and Hockey, all part of the 2012 Olympic series.  Also, Triathlon moves it into the top 3, replacing Judo.

Sailing and Wheelchair Rugby, part of the same series, have not performed as well and both have move down 5 places.

Jeremy Fisher makes its debut in our Scarcity Index with a score of 14, making it the third scarcest Beatrix Potter coin behind Jemima Puddle-Duck and Tom Kitten.

£2 Scarcity Index

2018 Q1 2 pound Scarcity Index 594x1024 - How scarce are your coins? Here's our latest Scarcity Index update!

There’s not a huge amount of movement in this quarter’s update and also no new coins have been added. The 2017 WW1 Aviation and Jane Austen £2 coins are yet to enter circulation.

The Commonwealth Games Wales coin retains its spot at the top of the £2 Scarcity Index with Scotland moving up to 2nd. Interestingly Northern Ireland drops down to 4th place due to far less swap demand than the other 3 coins in the 2002 Commonwealth Games series. In fact, in this quarter, the Northern Ireland coin was requested to swap almost 50% less than the Wales, Scotland or England.

There’s a particularly strong performance from the Florence Nightingale and Paddington Station coins, each moving up 7 places.

The First World War Centenary (Army) is the worst performing coin, moving down three places.

What about the A to Z 10p coins?

Unfortunately, at present, there is simply not enough data to accurately compile an A to Z 10p Scarcity Index. However, we have a few early indicators to show which 10p coins may become the most scarce in future.

Most collected 1024x622 - How scarce are your coins? Here's our latest Scarcity Index update!

The three A to Z 10p coins that most people have in their collection are B-Bond, A-Angel of the North and H-Houses of Parliament. As people are struggling to find these coins in their change, the majority of coins in people’s collections would have been ‘Early Strike’ coins that they have purchased. Therefore this would indicate that, at this stage, these three designs are amongst the most desirable.

Most requested to swap 1024x618 - How scarce are your coins? Here's our latest Scarcity Index update!The three A to Z 10p coins that most people are looking to add to their collection are E-English Breakfast, A-Angel of the North and F-Fish and Chips. Interestingly, A-Angel of the North appears on both lists meaning that, at this very early stage, it’s arguably the most popular A to Z 10p coin.

How the 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 recent 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 160 times face value on eBay.

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.

2017 Quarter 4 Change Checker “Scarcity Index” Released

Following the launch of the Change Checker “Scarcity Index” early last year, the final 2017 Quarter 4 Index has now been published.

50p Scarcity Index

Q4 50p Scarcity Index 1 965x1024 - 2017 Quarter 4 Change Checker "Scarcity Index" Released

It’s of little surprise that Kew Gardens maintains its top spot as the UK’s most sought after circulation coin with a perfect score of 100.

The mintage figures for the 2017 50p coins were released just before Christmas and have had an effect on the Scarcity Index scores. Interestingly, the Sir Isaac Newton 50p only scores a 3/100 which is lower than we anticipated. This is mainly due to the large number of Change Checkers who list having the coin in their collection. However, we are expecting this score to increase during the next quarter due to the low mintage figure, of just 1.8 million, driving demand.

Jemima Puddle-Duck remains the most scarce Beatrix Potter 50p, with Tom Kitten and Benjamin also scoring quite highly with a score of 13 and 7 respectively. Tom Kitten and Benjamin Bunny were only released into circulation in December so requests for swaps are high. Mintage figures for these coins are also relatively high so as more people find these coins in their change it is possible these scores will decrease slightly.

Interestingly, the mintage figure for the Jeremy Fisher 50p coin has been released, however the coin is not yet in circulation.

£2 Scarcity Index

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There’s not a lot of movement in our Quarter 4 £2 “Scarcity Index” update.

The Commonwealth Games Wales £2 coin takes top spot from the Commonwealth Games Northern Ireland. This is down to the very large number of swap requests for this coin in the last quarter. At 99/100 the Northern Ireland coin is still very scarce (as are the other two coins in the Commonwealth Games series) and it’s very possible it will retake the number 1 spot next quarter.

We are still waiting for the Jane Austen and WWI Aviation £2 coins to be released into circulation, hence why they do not feature on our Index. We await the release of these and their mintage figures with great interest, could they be low like the Sir Isaac Newton 50p? It is possible.

How the 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 recent 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 160 times face value on eBay.

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.

2017 Quarter 3 Change Checker “Scarcity Index” Released

Following the launch of the Change Checker “Scarcity Index” earlier this year the Quarter 3 Index has now been published.

50p Scarcity Index

Q3 2017 50p Scarcity Index 1 - 2017 Quarter 3 Change Checker "Scarcity Index" Released

It’s of little surprise that Kew Gardens maintains its top spot as the UK’s most sought after circulation coin with a perfect score of 100.

Isaac Newton, which made it’s debut in our Q2 update, settles on a score of 15, dropping 8 points from 23. This is due to a higher than expected number of Change Checker’s having this coin in their collection.

The 2017 Peter Rabbit 50p joins the “Scarcity Index” after having been released into general circulation at the end of September. A score of 16 makes it the 2nd scarcest Beatrix Potter 50p.

It’s worth noting that we currently only have estimated mintages for these two coins; it’ll be interesting to see how they rank once official mintage figures are released.

£2 Scarcity Index

Q3 2017 2 Pound Scarcity Index 2 624x1024 - 2017 Quarter 3 Change Checker "Scarcity Index" Released

There’s not a lot of movement in our Quarter 3 £2 “Scarcity Index” update.

Commonwealth Games Northern Ireland regains its position at the top of the table after being briefly replaced by Commonwealth Games Scotland in Q2.

The overall value of the Commonwealth games series has dropped slightly, however these 4 coins are still some way clear of the London 2012 Handover in 5th place.

There are no new £2 coins to add to the Index as we’re still waiting for the Jane Austen and WWI Aviation coins to be released into general circulation. We expect this to happen in Q4.

How the 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 recent 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 160 times face value on eBay.

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.