Posts Tagged ‘£1’
It’s not just UK coins that could turn up in your change…
Coins from Crown dependencies and overseas British territories can sometimes make an unexpected appearance in our change.
They are identical in size, shape and weight to UK denominations which means they often find their way into tills and vending machines undetected.
Finding one in your change can be an annoyance on one hand as technically the coins are not legal tender in the UK. On the other hand, from a collecting point of view, new and interesting designs are always a bonus!
Here’s a look at our top 5 favourite coin designs that have been issued by Crown dependencies and overseas British territories since decimalisation:
Guernsey Freesia Flowers 50p’s were only issued in sets in 1985, 1986, 1987, 1988, 1989, 1990 and 1992. They were issued into circulation in 1997.
This beautiful 50p from Guernsey features two crossed freesia flowers with ‘FIFTY PENCE’ and the date at the top and ’50’ below the design.
The obverse features David Maklouf’s portrait of Queen Elizabeth II with the lettering ‘Bailiwick of Guernsey’ above, and also a small Guernsey Coat of Arms to the left.
This addition on the obverse makes the Guernsey 50p stand out when compared to UK 50p coins.
This 50p has the pre-1997 specifications.
Guernsey Lily £1 Coin
Guernsey Lily £1 issued in 1981.
The Guernsey Lily £1 features the island’s Lily on the reverse, and the Guernsey Coat of Arms on the obverse.
This unusual obverse without the Queen’s head makes this particular coin stand out amongst other £1 coins, and makes it sought after by collectors.
Along with the UK, Guernsey withdrew their round £1 coins from circulation in October 2017.
Isle of Man Tower of Refuge £2
Isle of Man Tower of Refuge £2 issued in 2017.
The Tower of Refuge is an important landmark on the Isle of Man. It was built in 1832 upon the reef on orders of Sir William Hillary, founder of the Royal National Lifeboat Institution.
The impressive tower with birds flying above it features on the reverse of this Isle of Man £2 coin. The obverse carries a new effigy of Her Majesty Queen Elizabeth II by Jody Clark, this effigy being reserved for the Crown dependencies and Commonwealth countries.
Gibraltar Candytuft Flowers 50p
The Gibraltar Candy Tuft Flowers 50p issued in 1988 is 7 times rarer than the 2009 Kew Gardens 50p.
This 50p features the denomination surrounded by a crown of Gibraltar Candytuft flowers, known as ‘Iberis Gibraltarica’.
Iberis Gibraltarica is the national flower of Gibraltar and is the symbol of the Upper Rock Nature Reserve which covers 40% of the country’s land area. Gibraltar is the only place in Europe where it is found growing in the wild.
With a mintage of just 30,000 in 1988, this 50p is 7 times rarer than the UK’s rarest 50p so is particularly scarce and sought after amongst collectors. This 50p has the pre-1997 specifications.
Jersey Resolute £1
The Jersey Resolute £1 was issued in 1994, 1997,1998, 2003, 2005 and 2006.
The Resolute vessel was built in 1877 in Jersey by Thomas Le Huguet and was owned by Captain George Noel. The ship was used for trade before it was wrecked during a hurricane on 29th August 1905 at Friars Cove off Newfoundland.
The design depicts a two-mastered topsail schooner Resolute ship and was first issued into circulation in Jersey in 1994.
To ensure their currency would not be left vulnerable to counterfeiters, Jersey withdrew their round £1 coins from circulation in October 2017.
So have you come across any of these coin designs in your change or do you already collect coins from other countries? Let us know via Facebook, Twitter or Instagram or leave us a comment below.
With a much lower population than the UK, some of these coins that can be found in your change can be extremely rare, so it’s worth keeping hold of them.
STOP: the five £1 coins you must NOT cash in!
*** 2020 UPDATE ***
Three years since the old round pound coins were demonetised and replaced by the 12 sided £1, it’s been revealed that 122 million of these old coins still have not been returned to The Royal Mint.
Roughly 1.58 billion have found their way back to the Mint, but in addition to this, there have been at least 1.5 billion counterfeit round pounds handed in.
The Royal Mint said these fakes “could not be readily distinguished from the genuine coin, which is why a new coin was introduced”.
But, of the 122 million genuine round pounds still in circulation, which ones should you be looking out for?
In 2017, the Round £1 coins were demonetised and replaced by the new 12 sided coins we see today. The public were encouraged to spend or return their coins to the banks, but did you know that not all of these coins made it back to The Royal Mint?
Whilst these old coins are no longer legal tender, they can still be returned to the bank and deposited into you account, however there’s a few coins you definitely shouldn’t be cashing in if you’re lucky enough to find one (tip: try looking down the back of the sofa, in coat pockets or old supermarket bags for those lost and forgotten coins!).
Here are the ones to look out for:
Scotland: Edinburgh City
The Edinburgh City £1 Coin
The Edinburgh City £1 coin was released in 2011 with a mintage of just 935,000, making it the lowest Round Pound by 680,000!
Taking this into account, there’s no real surprise that this coin sits top of our Scarcity Index with a perfect score of 100.
Such is the rarity, only 17% of Change Checker users list having this coin in their collection.
This coin currently sells for between £7-£12.
Wales: Cardiff City
The Cardiff City £1 Coin
Another of the capital cities series, the Cardiff City £1 coin is definitely one to keep.
Released in 2011, this coin has a mintage of just 1,615,000 and is in 2nd position in our Scarcity Index with a very high score of 88.
This coin depicts the circular Coat of Arms of Cardiff as the principal focus to represent Wales.
This coin is worth between £3-£5.
England: London City
The London City £1 Coin
The 3rd coin from the capital cities series that you should hold on to is the London City £1 coin. Interestingly, the Belfast City coin does not make our list.
Released in 2010, this coin has a mintage of 2,635,000, much higher than Edinburgh and Cardiff but low in comparison to other £1 coins.
London City scores an impressive 77/100 in our Scarcity Index.
This coin can sell for between £3-£6.
Scotland: Thistle and Bluebell
Scotland: Thistle and Bluebell £1 coin
The Thistle and Bluebell £1 coin was released in 2014 as part of the floral emblems series.
It has a mintage figure of 5,185,000 and scores a 55 on our Scarcity Index, coming in 4th place.
This coin features a thistle alongside a bluebell to represent Scotland.
This is worth between £2-£5.
UK: Crowned Shield
UK: Crowned Shield £1 coin
The UK Crowned Shield £1 coin was released way back in 1988, only 5 years after the Round £1 came into circulation.
Although it has a relatively low mintage figure of 7,118,825, this coin makes the list due to some interesting Change Checker App data.
It scores a 51 in our Scarcity Index but less than 1/4 of Change Checker users list having this coin in their collection and swap requests outnumber swap listings by 6 to 1!
This coin will sell for between £3-£7.50.
It’s worth noting that our valuations are based on coins that have recently sold on auction sites. The value of a coin depends on a number of factors including the coin’s condition.
Own the 2017 Round £1 Collecting Pack
Secure your exclusive £1 Collector Pack today which includes Britain’s last round pound as well as an original £1 Banknote. Click here to order yours >>
Or take a look at the old round £1 coins and complete your collection here >>
2017 Quarter 2 Change Checker “Scarcity Index” Released
Following the launch of the Change Checker “Scarcity Index” earlier this year the Quarter 2 Index has just been published.
It takes into account all of the latest ownership and swap information and, most importantly, this Quarter factors in the Royal Mint’s confirmed mintage figures for the 2016 releases.
Jemima Puddle-duck confirmed as most sought-after Beatrix Potter 50p.
For many Change Checkers, the most eagerly anticipated information concerns the Beatrix Potter 50p coins. Following confirmation of the low Jemima Puddle-duck mintage in comparison to the other 3 character designs, we can see the significant effect on the Scarcity Index – with Jemima Puddle-duck holding a scarcity score of over double the next character, Squirrel Nutkin.
For those of you still keen to add Jemima Puddle-duck to your collection, why not enter our Face Value Ballot.
Elsewhere among the 50p coins, it will be of little surprise that Kew Gardens maintains its top spot as the UK’s most sought after circulation coin, whilst Isaac Newton debuts with a score of 23 after its surprise limited release into circulation last month. That will certainly be one to watch over next quarter.
New coin crowned as the UK’s scarcest £2 Coin
Interestingly, the £2 Scarcity Index has seen a new coin top the list. Jumping up 2 places and from an Index score of 81, the England Commonwealth Games £2 coin takes the crown this quarter, benefiting from extra swap interest. However, there are no great surprises when you look at the other top 4 £2 coins, which comprise the other Commonwealth Games coins. Indeed the average Scarcity Index Score for the 4 Commonwealth Games coins has jumped almost 10 points for 85.5 to 94.75.
Elsewhere, we have seen a relaxation in the figures for the 2016 coins as they have made their way into wider circulation and The Royal Mint has confirmed sensible mintages.
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.