Posts Tagged ‘A-Z 10p coins’
The UK’s most popular A-Z 10p coin revealed…
The new A-Z 10p coins have proved some of the hardest coins to find in your change. Whilst that will hopefully become easier as more are gradually released into circulation over the coming months, we’ve taken a first look at which are the most popular with collectors.
There’s not enough data yet to publish a full scarcity index but we have crunched the numbers based on Change Checker’s top swap requests – and here are the winners.
1. A – Angel of the North
2. E – English Breakfast
3. L – Loch Ness
The Top 3 coins most requested to swap.
Further releases expected…
Initially, a limited stock of 2.6 million A-Z 10p coins were released into circulation through the Post Office network to coincide with the release of the designs in March. It has been no surprise that these have been quickly snapped up by eagle-eyed change collectors.
However, don’t despair if you haven’t found any of the A-Z 10p coins yet. More are expected to be released into circulation as and when there is demand for more circulating 10p coins. This is something that’s managed between Treasury (and not the Royal Mint) and the large cash processors, including the Post Office, some banks, as well as private operators (find out more in our “When will I find and A to Z 10p in my change” blog).
In addition, there have been a number of limited releases, including “T” at Betty’s Tea Rooms, “F” in 20 of the UK’s top chippies and “B” at the Bond in Motion exhibition – as well as our own Change Checker Live 10p Lucky Dips, with more of our live events coming up on the 8th of September in Croydon and the 20th of October in Bristol.
Don’t worry, though, as soon as we hear any more news about more the A-Z 10p coins entering circulation, Change Checkers will be the very first to know.
In the meantime, you can view the full A-Z 10p Swap Index below for your guide as to which letters have proved most popular with collectors.
* Compiled from Change Checker App data and accurate as of 15/06/18.
Complete your A-Z 10p Collection
You can now complete your collection of all 26 A-Z of Great Britain 10p coins in Certified Early Strike quality.
When will I find an A to Z 10p in my change?
The Royal Mint announced Britain’s new A to Z of Britain 10p coins to the public in March this year and since then they have created quite a stir in the world of coin collecting…
Thousands of collectors flocked to buy them, crashing the Mint’s website and emptying stocks at the Royal Mint Experience.
At the same time Change Checkers have been asking the question “when will I find an A to Z 10p in my change?”
So let’s take a proper look at the situation.
The Royal Mint does not actually control coins going into circulation.
I know this might sound a little hard to believe but The Royal Mint does not actually have any real control over how and when coins go into circulation. This is essentially managed between HM Treasury and the large cash distribution services run by the Post Office and some banks, as well as private operators. Between them they handle, sort and distribute the billions of coins in circulation, even swapping stocks between themselves.
It’s only when they are short of a particular denomination that they call off stocks from The Royal Mint, who act as the manufacturer of the coin on behalf of the Treasury.
In short, The Royal Mint can only push the new 10p coins into circulation as and when there is demand from these cash distribution centres.
Early release of 2.6 million coins
All circulation designs do eventually make their way into circulation and in time into our pockets. However, it has been the case since commemorative 50p coins started to issue more regularly from the 1990s that, for the reasons explained above, it can be some months until cash centres call off new supplies. Indeed, it is not that unusual that the coins do not enter circulation until the following year.
With this in mind, The Royal Mint worked closely with the cash handling industry to introduce a small quantity of 10ps into circulation which were issued through the Post Office network.
Don’t forget that 2.6 million coins is an initial early release – it is not the total quantity of coins that will ever circulate at face value. The expectation is that more 10p coins will enter circulation when required by the cash centres.
In addition, The Royal Mint also has plans for limited releases of coins at face value in appropriate locations across the UK during the rest of the year. Don’t worry – we’ll keep you up to date with all the news.
Additional 2.6 coins released
In October 2018, The Royal Mint and HM Treasury confirmed that a further 2.6 million A-Z 10p coins would enter circulation and this time the coins would be distributed through more normal networks including banks and cash distribution centres.
This will be welcome news to collectors who have been struggling to lay their hands on the new 10ps since the initial release in March. We’re hopeful that additional volumes will continue to be struck in line with UK requirements and of course the massive collector demand.
So how can I collect my 10p coins for face value?
Well first off, it’s fair to say you’ll probably need a degree of patience. Don’t forget commemorative coins do not normally enter circulation particularly quickly and there’s no doubt that the first tranche of coins have been snapped up extra fast by keen collectors (and possibly even some Post Office staff).
Royal Mint estimates from 2016 suggest that there are 1.7 billion 10p coins in circulation. The expected annual demand for 10p coins is approximately 60 million per annum.
It’s also clear that the demand for coins amongst the cash centres is currently relatively low. It’s believed that many people cashed in additional denominations at the same time as their old £1 coins, helping to increase stocks, as well as the increased use of cashless payments having an impact.
So, it’s practically impossible to say how many 10p coins will enter circulation this year. However, whilst we almost certainly won’t see distribution in the hundreds of millions, Change Checkers should remain hopeful of more opportunities to collect the A to Z of Britain 10p coins straight from their change throughout this year and maybe even into next.
Conclusion
Yes, finding an A to Z 10p in your change is a pretty tough ask at the moment but the situation will improve over time.
Will they be rare? Certainly their level of popularity with collectors has been unprecedented and so it seems likely they’ll always be a tough coin to find and, at 10p each, I’ll definitely be putting any I find aside!
Get ahead of the crowd by owning the complete A-Z ‘Early Strike’ 10p Set TODAY!
Live A-Z of Great Britain 10p Lucky Dip!
We’re hosting our third Change Checker Live Coin Swap on Saturday 21st April at Highcross Shopping Centre in Leicester from 9am – 6pm.
Excitingly, this event will be a little different from our previous two.
Join us in Leicester where you’ll be able to swap ANY 10p coin for the chance to have a go on our ‘lucky dip’ of A-Z 10p coins. We’ll have plenty of all 26 coin designs with us so you’re in with a chance of picking any coin, from A-Z!
PLUS you’ll receive a voucher for 50% off the Collector’s Pack, so you’ll have space to add the rest of the coins when you find them.
26 A-Z of Great Britain 10p coins. Which will you pick from the lucky dip?
Highcross Shopping Centre
Highcross is one of the premier shopping centres in Leicester with all the amenities for a great day out.
We’ll be located at Site 1 in the East Square, opposite Debenhams, ToysRus and Game.
You’ll find us at Site 1 in the East Square, opposite Debenhams.
For those travelling by car, there are two onsite car parks with 3,000 combined spaces.
If travelling by train, Highcross is a 10 minute walk from the Station and a park and ride service operates between 7am and 7pm.
Highcross Leicester, Leicester, LE1 4AN
The full address is: Highcross Leicester, 5 Shires Lane, Leicester, LE1 4AN.
Can I swap more than one coin?
Such is the popularity of our Live Coin Swaps and to ensure that it is fair for everybody, we’ll be limiting the number of swaps to strictly 1 coin per person.
Can I choose which A-Z of Great Britain 10p I swap?
It’s a lucky dip, so the coin you pick will be the coin you take away with you. Due to how popular we expect the event to be, I’m afraid we will be unable to offer specific A-Z 10p coin designs.
Will you be doing any more Live Coin Swaps?
That’s the plan!
We will be holding more Live Coin Swaps in the future and the plan is to visit a different area of the country each time, giving as many people as possible the opportunity to attend.
Can I bring other coins in my collection for you to take a look at?
You are very welcome to bring along other coins in your collection and if there is time we’d be happy to take a look at them for you. We expect the event to be very busy so we apologise in advance if you have a short wait.
We look forward to seeing you there!