Posts Tagged ‘50p’
How the Commonwealth Games started £2 Coin Collecting
In 2014 the Royal Mint struck a new circulating coin for the Glasgow Commonwealth Games. But I can still remember back to the summer of 1986…
My father worked for a bank. He came home one evening with half a dozen coins in his hands. “I bet you don’t know what these are…”, he said. “They’re the new £2 coin. They’ve been released to celebrate the Commonwealth Games.”
The Royal Mint struck the circulation Commonwealth Games 50p on 25 May 2014
A new denomination for the UK
This was something genuinely new. The only “commemorative” coin in circulation was that slightly odd “hands” 50 pence that no-one really knew much about and there had only been two commemorative crowns issued in the last 20 years – both for Royal events.
The 1996 Commonwealth Games £2 coin changed the face of UK commemorative coins.
This was a brand new denomination and it commemorated a proper non-royal national event that really engaged the nation. Although the 1986 Commonwealth Game coin was largely kept by collectors and never really entered mass circulation, it marked a significant change in the UK’s commemorative coin issuing strategy.
Six more single-coloured commemorative £2 coins were struck over the next 10 years before the introduction of the fully circulating £2 denomination, which has now seen 50 different designs issued.
Of course, amongst those 50 coins are four coins from 2002 – again issued to celebrate the Commonwealth Games – this time held in Manchester. At first glance, you might struggle to spot the difference between them. They all feature the same running athlete trailing a banner behind. But each has a different cameo, representing each of the four constituent parts of the United Kingdom. Find out how to tell these coins apart here >>
Officially the UK’s rarest £2 coin
They are some of the scarcest £2 coins now in circulation, with even the largest mintage (Scotland) set at just 771,750 – just 17% of the first ever commemorative bimetallic £2 coin, which was issued for the Rugby World Cup in 1999.
The 2002 Commonwealth Games £2 coins are some of the rarest ever issued. Their mintage figures are shown below each design.
But the coin you really need to be looking out for is the Northern Ireland £2. Just 485,000 coins were ever struck making it officially the UK’s rarest £2 coin.
75% disappear from circulation
Of course, the 2014 Commonwealth Games coin is a 50p, rather than the previous £2 coins. But with the Royal Mint estimating that as many as 75% of all Olympic 50ps being kept by collectors, it’s definitely worth scouring your change for.
Own the Commonwealth Games coin that started £2 collecting
This coin is no longer in circulation, but we’re giving you the chance to own the UK 1986 Commonwealth Games £2 for your collection.
Do you own the UK’s rarest 50p piece? And it’s not Kew Gardens.
Have you heard about the 50p coin that many thousands of people have found in their daily pocket change which was sold on e-Bay for prices upward of £100.00. Or to put it another way, 200 times its actual value?!
Only 109,000 1992 EC 50p were issued into circulation – roughly half of the Kew Gardens 50p.
It was all because in 2014 The Royal Mint announced that the Kew Gardens 50p coin is the UK’s most scarce circulation coin, with just 210,000 pieces ever been placed into circulation. The result was a media storm and the inevitable overnight ramping of prices.
Half the circulation of the Kew Gardens 50p
But what few people realise is that there is an even rarer UK 50p piece that was issued in half the number of the Kew Gardens coin – just 109,000 coins.
The coin was issued in 1992 to mark the EC Single Market and the UK presidency of the Council of Ministers – perhaps not the most popular of topics, which maybe was the reason so very few were pushed out into circulation. But of course, its lack of popularity at the time, is the very thing that now makes it Britain’s rarest 50p coin.
Sadly, however hard you search, unlike the Kew Gardens 50p, you will not find this one in your change. That’s because it is one of the old-sized 50p coins that were demonetised in 1998.
The coin itself was designed by Mary Milner Dickens and pictures the UK’s place at the head of the Council of Ministers’ conference table. The stars represent each of the nations’ capital cities placed in their relative geographical position.
But it won’t be the coin’s clever design that will guarantee its numismatic interest for years to come. It is its status as the UK’s most rare circulation 50p is what will intrigue collectors and have them searching and saving up in years to come.
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 at: www.changechecker.org/app
Why we wouldn’t pay £120 (or even £24 for that matter) for the Kew Gardens 50p
How much is it worth to you?
After revealing some months ago that the Kew Gardens 50p is the rarest of all the 50p coins currently in circulation, the Royal Mint has successfully pushed the story out into the national press.
The resultant hype has seen prices sky-rocket. The Guardian initially reported prices being paid of £24 for the coin but before long the Daily Mirror and other news sources were quoting prices of £120 from e-Bay.
Incredibly, as we write, an original Brilliant Uncirculated version in a Royal Mint presentation pack (not actually one of the coins that went into circulation) is currently listed with bids of £310 on e-Bay.
But let’s step back from the hype for a minute and consider the facts:
- Yes, with just 210,000 pieces ever released into circulation this is a very scarce coin.
One listing on eBay has reached an unbelievable £310.
- That does mean that there is only one coin for every 300 people in the UK.
- Collectors will have taken some out of circulation.
But most of the coins will still be in circulation and remain so for many years.
25% of Change Checkers own the Kew Gardens 50p
In fact if you keep your eyes peeled as a Change Checker, you’ve still got fair chance of owning one. Amongst 50p Change Checkers about a quarter have Kew Gardens listed in their collection and we’re sure they haven’t all paid £120 for their coins.
So what to do if you’re impatient to own one. Well don’t panic and pay today’s prices, which are hugely inflated by the media hype. Bide your time a little and look around.
And, in case you really want one now, we’ve got 5 in stock, which we’re selling for only £17.50 each. If you’re interested just fill in the form below.
So there are two morals to the Kew Gardens story:
- You never know what treasure’s in your pocket
- Don’t believe everything you read in the papers.
Happy Change Checking.
Read about the 50p coin that is even rarer than Kew Gardens
Register your interest in a Kew Gardens 50p for £17.50
Enter your name and contact details below before 28th February to register your interest in one of five Kew Gardens 50ps we have available. If we receive more than five enquiries before the closing date we will draw five people at random and contact them directly with further details.
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