Posts Tagged ‘Coin Collecting’
The History of Coin Collecting
Coin collecting is a hobby that spans across generations, but did you know it also spans across centuries?
In this blog, we talk you through the different phases of coin collecting!
The Hobby of Kings
Historically, only very wealthy people or royals could afford to collect coins rather than use them as a daily necessity.
This high-level collecting peaked in about the 14th century and there is evidence that coins were even collected in ancient times!
Industrialisation
In the late 18th century, at the time of the industrial revolution, factories, mills, and other private enterprises were set up, opening up a new avenue of wealth creation. This meant more people were in possession of a disposable income and many became interested in coins and began collecting them as a hobby.
This demand was noticed by Matthew Boulton and James Watt, who began making specially designed coins in various metal specifications, to sell on.
In 1887, ahead of the golden jubilee of Queen Victoria, The Royal Mint produced commemorative gold and silver florins for the first time, a new Double Florin denomination featuring a Jubilee bust of the Queen.
This was to start a tradition of producing ‘special’ coins to mark particular historic or royal anniversaries that carried through to the 20th century.
Decimalisation and Coin Collecting
In 1971, the UK switched its currency to a decimal based system from the previously used system dating back to ancient Roman times.
Whilst a few old coins remained legal tender, it saw the phase out of others, including the large penny, which hadn’t changed much since 1860!
This restructure inspired a world-wide interest in coins! Mints all over the world started producing coins and sets to issue to the public in a way that had never been seen before.
With an increasing of exciting numismatic issues, came an influx of coin stories, each one hoping to shed light on a ‘rare’ or ‘error coin’ that could be found in your change.
Fast-forward to 2020 and the hobby of checking your change for that special coin is still alive with plenty of interesting coin stories still surfacing!
Collecting to Sell
As the opportunity for people to both collect and sell coins increased (e.g. with the introduction of secondary market sites, etc.) so did the volume of people collecting.
All too often we are bombarded by press articles citing eBay listings of ‘rare’ or ‘error’ coins and, naturally, interest is piqued when we hear about the coin we’ve just come across in our change ‘selling for thousands’. These stories often encourage people to collect and hoard coins, purely in the hope of making a ‘buck’ when selling them on.
Unfortunately though, these tabloid articles can often sensationalise the actual value of the coin and when taken out of context we can forget that anyone can list anything they like on eBay, for whatever price they choose, regardless of whether or not the item is genuinely worth it. To avoid the pitfalls of buying coins eBay, Change Checker created our top 5 eBay buying tips.
However, many collectors do continue to check their change in the hope of finding coins to add to their collections just for the pleasure of the hobby, or even to build a meaningful gift or heirloom to a loved one.
As we navigate a climate where less cash is being used and therefore the opportunity of finding those special coins in our change is reduced, could this push us into a fifth phase of coin collecting?
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The FIRST EVER British Red Cross £5 has JUST been released!
To honour the 150th anniversary of the establishment of the British Red Cross, The Royal Mint has issued a brand new £5 coin.
2020 UK British Red Cross £5
Currently supported by more than 18,000 domestic volunteers, the humanitarian mission of the British Red Cross exemplifies human kindness in times of great crisis, not just in the UK, but the world over.
Henry Gray’s bespoke design of this coin features a scarlet red cross at the heart of the coin, with the inscription ‘The Power of Kindness’ which echoes the organisation’s principles of selflessness, compassion and goodwill.
This coin also features an edge inscription that bears the motto of the British Red Cross, ‘PER HUMANITATEM AD PACEM’ which translates to ‘THROUGH HUMANITY TO PEACE’.
This coin is available in a number of specifications, including Brilliant Uncirculated quality, for just £14.99 (+p&p).
Inspiring Hope for a Kinder World
The British Red Cross is part of the world’s largest humanitarian network – the International Red Cross and the Red Crescent Movement.
The history of the Red Cross dates back to 1870 where a petition was raised by Colonel Loyd-Lindsay, to provide aid and relief to both warring armies during the Franco-Prussian War, and in other wars and campaigns during the 19th century.
From hiring a wheelchair or dealing with loneliness, to adjusting to life in a new country, the British Red Cross help anyone, anywhere in the UK and around the world, to get the support they need if crisis strikes.
Around the world, whenever a humanitarian crisis occurs, the Red Cross or Red Crescent is always one of the first organisations on the scene thanks to kind volunteers.
The message of kindness is echoed in the inscription of this brand new 2020 UK British Red Cross £5, but it isn’t the only UK coin issued to celebrate humanitarian and charitable efforts…
WWF 50p
The Worldwide Fund for Nature was formed in 1961 in Switzerland and the world’s leading independent conservation organisation.
WWF’s work is mostly focused on saving endangered species and conserving the world’s most precious natural places.
In 2011, to celebrate its 50th anniversary, The Royal Mint issued this 50p coin. It features 50 different icons to represent the variety of work which the organisation is involved with.
It entered circulation with a mintage of 3,400,000.
Florence Nightingale £2
Named after the Italian city in which she was born in 1820, Florence Nightingale is famous for her work in the military hospitals during the Crimean War where she tended to wounded soldiers.
In 1860 she laid the foundation of professional nursing with the establishment of her nursing school at St Thomas’ Hospital in London. Her book Notes on Nursing proved to be influential in changing the way hospitals were run and the role of nurses within them.
This coin was issued in 2010 to mark both the centenary of the death of Florence Nightingale and the 150th anniversary of the publication of her Notes on Nursing, celebrated in 2009.
It has a circulating mintage of 6,175,000.
2016 ‘Lest We Forget’ Poppy Coin
In 2016, as a tribute to those who have made the ultimate sacrifice, the 2016 ‘Lest We Forget’ Proof £5 Poppy Coin was issued in Jersey in support of The Royal British Legion.
Inspired by the falling poppies at the Festival of Remembrance, the reverse features 11 masterfully engraved poppies struck to a proof finish.
Individual poppies have been selectively picked out in red ink and the words Lest We Forget can be seen in the background in gold ink.
It has an edition limit of just 4,950!
NHS 50p
Although the NHS isn’t a charity, or a donation funded service, it was founded in 1948 with the principle aim of providing a health service that would be available to all, based on a person’s clinical need, rather than their ability to pay.
It was the first ever health service to provide free health care and this year celebrates its 72nd birthday.
This coin was issued in 1998 to celebrate its 50th anniversary and has a circulating mintage of 5,001,000.
We’re so excited by this brand new £5 coin and we’re sure collectors will be racing to add this to their collections!
What other charitable, humanitarian or environment organisations would you like to see celebrated on a UK coin? Let us know below!
Secure the BRAND NEW 2020 UK British Red Cross £5 for JUST £14.99 (+p&p)
*A small percentage of the net wholesale price from the sale of this commemorative coin will be paid by The Royal Mint to Britcross Limited, a subsidiary of the British Red Cross Society, which makes an annual donation to the charity.*
Are you ready to return to Neverland? Peter Pan 50ps released!
I’m sure we could all use a bit of escapism right now, and so I invite you to join us on a trip far away as we return to Neverland for one last time…
In 2019, the collecting world experienced the magic of the world’s first Peter Pan 50ps, issued by the Isle of Man and developed in partnership with Great Ormond Street Hospital Children’s Charity.
The unprecedented demand for these coins saw tens of thousands queuing to get their hands on the stunning new issues. And in just a matter of months, through the sales of these Peter Pan 50ps, collectors raised over £250,000 for Great Ormond Street Hospital.
In 2020, the second and final collection of British Isles Peter Pan 50ps were issued.
LAST EVER Peter Pan 50p
The FINAL Peter Pan 50p has been issued by The Isle of Man, continuing the 90th anniversary celebrations of author JM Barrie gifting his rights in the story to Great Ormond Street Hospital.
This coin features an enchanting illustration of Peter Pan and Tinkerbell on the reverse design, created by David Wyatt and Matt Tindall.
The set was also available in .925 Sterling Silver Proof quality, featuring those beautiful coloured illustrations, as well as premium Gold Proof.
Can I find the Peter Pan 50ps in my change?
If you’re living on the Isle of Man, then yes!
25,000 of each coin entered circulation on the Isle of Man, but when you compare that to the mintage figures for UK coins (our rarest 50p in circulation has a mintage of 210,000) you’ll realise just how few of these coins are actually out there.
Coins issued on the Isle of Man typically have lower mintage figures due to the smaller population of just 84,000 which means that their coins are particularly sought-after amongst collectors.
As with the 2019 Peter Pan coins, each has been developed in partnership with Great Ormond Street Hospital Children’s Charity (GOSH Charity). For every coin or set sold a donation will go directly to GOSH Charity to help support the hospital and the seriously ill children from across the UK who are cared for there.