For those of you collecting date runs, you might have noticed that in 2017 The Royal Mint didn’t strike a single £2 or 20p coin for general circulation.
In 2016, nearly 29 million £2 coins and almost 213 million 20p coins were struck for circulation, however the next year that number dropped to 0.
From the graph above, you’ll notice that whilst most denominations had relatively few coins struck in 2017 compared to 2016, the mintage figure for £1 coins for both years is comparatively very high.
Introduction of the new £1
It’s thought that the introduction of the new 12 sided £1 coin to replace the old round pound in 2017 affected the demand for the other coins in circulation.
This could be down to the fact that the public were emptying their piggy banks and checking their loose change to make sure their old pound coins were used up before shops stopped accepting them. In doing so, they also ended up spending other coins in their change, meaning there was plenty of cash to re-circulate, and not as much demand for new coins to be struck for circulation.
This coupled with the growth of card payments and the decline of cash transactions, as well as the impressive 25-30 year lifespan of UK coins meant that enough £2 and 20p coins could be re-circulated in 2017 and new coins weren’t needed.
The Royal Mint had been expecting this drop in demand, as had been seen in similar cases overseas when coins were withdrawn.
Where does demand for cash come from?
The Royal Mint does not actually have any real control over how and when coins go into circulation, as this is based on demand.
HM Treasury and the large cash distribution services run by the Post Office and some banks, as well as private operators handle, sort and distribute the billions of coins in circulation, even swapping stocks between themselves.
The Royal Mint and cash distribution services regularly review the amount of coins in circulation and it’s only when they are short of a particular denomination that stocks will be called from The Royal Mint, who act as the manufacturer of the coin on behalf of the Treasury.
Surplus coins will be re-circulated before new coins are released.
Rare 50p coins from 2017
Whilst more 50p coins were struck in 2017 than 2016, two 2017 designs in particular actually have some of the lowest mintage figures of any 50p coins in circulation, excluding the Olympic 50p series.
The 2017 Royal Shield actually comes in as the second rarest 50p in circulation, closely followed by the 2017 Sir Isaac Newton 50p.
Where can I find the 2017 £2 and 20p coins?
Whilst no £2 or 20p coins were issued for circulation in 2017, brilliant uncirculated commemorative coins were still issued, including the Jane Austen and First World War Aviation £2 coins.
These coins, along with the 2017 Britannia £2 and the 2017 20p which weren’t issued for circulation were also featured in brilliant uncirculated quality within the 2017 Annual Coin Set, which has now sold out at The Royal Mint.
This means that the only way to get hold of these coins is to purchase the set on the secondary market, with prices typically around £65, although some sets have sold for over £100.
So far the 2018 £2 coins haven’t been released into circulation and whilst the 2019 Royal Shield 50p has been seen in circulation, we’re yet to hear if any of the other 2019 coins will turn up in our change.
Do you think the move towards a cashless society could be on the horizon, or are we still recovering from the surplus cash flow in 2017? Let us know in the comments below!
Secure the commemorative coins from 2017 for your collection!
Today you can own all 4 of the United Kingdom’s commemorative coins from 2017 with the Change Checker Commemorative Coin Pack, including the rare Sir Isaac Newton 50p and the Jane Austen and First World War Aviation £2 coins that can’t be found in circulation.
With fewer coins going into circulation these days, we want to give collectors the chance to own future 2019 UK coins for face value.
So, we’ve launched the Face Value Coin Ballot to to do just that!
Simply sign up to the Face Value Ballot and each time there’s a new 50p released this year, we’ll select 1,000 people to add the latest coin to their collection for face value, in superior brilliant uncirculated quality! 500 people will be selected for every 2019 £2 release.
If you’re lucky enough to be chosen, we’ll still keep your name in the pot for all future 2019 releases – so if you’re really lucky you might get picked more than once!
And don’t worry, if you’re chosen but decide you no longer want to purchase the coin at face value, you’re under no obligation to place your order.
Whilst fantastic new coins continue to be issued, the demand for cash is just so low and we don’t know which coins will be entering circulation, so the ballot gives collectors a fair chance to secure the latest coins at face value.
For all the information you need to know about the 2019 Face Value Coin Ballot, take a look at the FAQ’s below.
1. How do I enter the 2019 Face Value Coin Ballot?
Please click here and follow the step by step instructions.
2. Does it cost anything to enter the ballot?
It’s FREE to enter the 2019 Face Value Coin Ballot. If you are successful we will email you a link to pay for your coin at face value.
3. Who can enter the 2019 Face Value Coin Ballot?
The ballot is open to all UK residents. Employees of 288 Group and their families are not eligible to enter.
4. How many times can I enter the ballot?
Ballot entry is limited to one per household. Additional applications will not be entered into the ballot.
5. Will I need to enter the ballot each time a new coin is released?
No. You only need to enter once to then be included in the ballot for all upcoming UK new issue 50p and £2 coins in 2019.
6. Will I need to enter again if I win a ballot?
No. Even if you win, we will still automatically include you in the next ballot.
7. How will I know if my ballot entry has been successful?
The successful ballot entrants will be notified via email on launch day. You will have 7 days to confirm your reservation.
8. If I am successful, what do I need to do?
We will email you. You will need a credit/debit card to confirm your payment. Payment will not be taken until after the coin has been despatched.
9. If I am successful, when will I receive my coin?
You should receive your coin 3-5 working days after despatch.
10. If I am successful, do I have to complete my order?
If you are successful in the ballot, you have the choice of whether you wish to complete your application by making your payment. If you choose not to, your allocation will automatically be forfeited after 7 days.
How to contact us:
If you have further questions please click here to contact our Customer Service Team
Please do NOT add email@example.com to your spam list as it may affect you receiving your successful ballot allocation. We recommend you add firstname.lastname@example.org to your safe senders list.
Terms & Conditions
- Ballot entry is limited to one per household. Additional applications will not be entered in to the ballot.
- The ballot will be drawn up to three days before each launch.
- The successful ballot entrants will be notified by email on the day of release for the new coin.
- Successful entrants will be provided with an exclusive link to confirm their purchase of the newly released coin at face value. Please note that entrants must use the link from the email to secure the coin. We will not be able to place the order over the phone. Successful entrants will have 7 days in which to confirm their purchase. After that time their allocation will be forfeited.
- We reserve the right to vary the terms and conditions at any time, including, but not limited to, stopping the 2019 Face Value Ballot completely, closing the ballot early or extending the closing date and varying the number of coins available.
- The ballot is not open to employees of 288 Group or their families.
As collectors, we often find ourselves focusing on the commemorative coins that turn up in our change, but how often do we pay attention to the definitive designs?
We wouldn’t normally combine definitive and commemorative mintage figures into one chart, however the comparative figures give us an interesting insight into the change in our pockets and actually go to show why the definitive coin designs deserve your attention…
50p Mintage Figures
Our latest charts featuring the updated commemorative coin mintage figures for circulation coins revealed the 2017 Sir Isaac Newton 50p as the second rarest UK 50p in circulation after the Kew Gardens, with a mintage of just 1,801,500. This knocked Jemima Puddle Duck off the second spot with a whopping 298,500 less coins being struck.
Change Checkers had already shown a great response to the Sir Isaac Newton coin, voting it their favourite coin design of the year in 2017. But now, as we delve deeper into the mintage figures for not only commemorative 50p coins but also the definitive designs, an unlikely rival has pipped the 2017 Isaac Newton to the post to claim the title of the second rarest UK 50p coin in circulation…
You might be surprised by the second rarest 50p in circulation…
The chart above features the mintage figures for every commemorative and definitive UK 50p coin in circulation and whilst the Kew Gardens still remains king, it came as a surprise that the second rarest 50p was actually a definitive rather than a commemorative design.
The 2017 Royal Shield 50p has a mintage of just 1,800,000 which means there are 1,500 less coins than the 2017 Sir Isaac Newton 50p. This is by far the lowest mintage figure for any definitive 50p coin, with the next rarest definitive coin having almost double the amount of coins struck – the 2008 Britannia with a mintage of 3,500,000.
Definitive 50p coin designs
Christopher Ironside’s Britannia design featured on all UK definitive coins from their first appearance in 1969 with the words ‘NEW PENCE’ inscribed above. The inscription was revised in 1982 to say ‘FIFTY PENCE’ and this design remained unchanged until 2008, when Matthew Dent’s Royal Shield design was introduced, featuring the third and fourth quarters of the Royal Arms.
It comes as no surprise that the majority of the definitive designs can be found towards the bottom of the chart, with the most common UK 50p in circulation being the 1997 Britannia. The old larger 50p and this smaller one were both dated 1997, however the larger coin was only struck as year sets, whereas the smaller circulated in very large numbers, with a mintage of 456,364,100.
The fact that the 2017 Benjamin Bunny commemorative 50p features in amongst the definitive designs goes to show just how many of this design were struck and how likely you’ll be to find one in your change.
We haven’t included the Olympic 50p coins in the mintage chart as this was a specially struck series, with low mintages figures for each coin. You can see the Olympic 50p mintage figures here >>
£2 Mintage Figures
When it comes to the £2 coins, the Commonwealth Games are some of the rarest in circulation. In fact, all four coins would be sat at the top of the mintage charts if it wasn’t for two 2015 coins…
The rarest definitive £2 coin revealed…
Many collectors will be aware of the 2015 Navy £2‘s low mintage figure of 650,000, making it the third rarest UK £2 coin in circulation, however many of us may not know that this coin is in fact joint third, as a definitive design from the same year also holds the same low mintage figure.
In 2015, the new definitive £2 coin was introduced, with a design featuring the Britannia, replacing the Technology design which had featured on the coin since 1997. Britannia has featured on a British coin in one way or another for more than 300 years, apart from after 2008 when she was dropped from the 50p coin. She received a welcome return to British coinage for the 2015 definitive £2, but with so few coins being struck, this coin has become the third rarest UK £2 coin in circulation.
The 2016 version of the coin had a higher mintage of 2,925,000, but this is still incredibly low when compared to the 1998 Technology £2, which has a mintage of 91,110,375.
Of course the most common £2 coin you’re likely to come across in your change is the Technology £2, which dominates the bottom of the chart. The rarest of the Technology £2 coins is actually the 2005 issue, with a mintage of 3,837,250, making it the eighteenth rarest UK £2 in circulation.
You may have noticed a lack of 2017 coins on the £2 chart as to date The Royal Mint haven’t confirmed if they will enter circulation. Based on The Royal Mint’s figures, we know that no 2017 Britannia coins were struck for circulation.
I was certainly surprised by the rarity of some of the definitive designs shown on the charts above and will be checking the dates of the coins in my change very carefully to see if I can find any rarer ones for myself, but will you be doing the same?
Your chance to own the 2017 Britannia £2
This coin wasn’t struck for circulation, however you can own this coin as part of the 2017 Royal Mint Annual set.
But you’ll have to be quick, as this set is no longer on sale at The Royal Mint.