Posts Tagged ‘Coin Collecting’
First look: New Royal Mint coin designs for 2019!
Every year The Royal Mint mark the year’s memorable events and anniversaries that capture the nation by striking these stories onto circulating coins, and 2019 is no different.
Today, The Royal Mint have unveiled the new themes and designs for all the 2019 commemorative coins, and Change Checkers can look forward to some fascinating British anniversaries being commemorated.
50p: The 160th anniversary of the birth of Sir Arthur Conan Doyle
As the father of modern crime writing, Sir Arthur Conan Doyle’s legacy lives on 160 years since his birth, thanks to his iconic creation – Britain’s greatest detective, Sherlock Holmes™.
The classic tales of Sherlock Holmes and his sidekick Dr. Watson are treasured reads which have led Doyle to become one of the most famous writers in the world.
Reverse designer: Stephen Raw
This coin is now available to purchase individually in Brilliant Uncirculated quality here.
£2: The 260th anniversary of the formation of Wedgwood
The industrial revolution of the 18th century shaped Britain’s future and brought about great social changes and technological advancements. Josiah Wedgwood created his pottery empire using modern mass production methods, which we still use today.
Reverse designer: Wedgwood Design Team
This coin is now available to purchase individually in Brilliant Uncirculated quality here.
£2: The 75th anniversary of the D-Day Landings
On the 6th of June 1944, the D-Day landings turned the tide of the Second World War. Allied troops landed at five different beaches codenamed Utah, Omaha, Gold, Juno and Sword for the largest amphibious assault ever launched. This gave them a position from which they could advance into Germany and paved the way for victory on the Western Front and the liberation of Europe.
Reverse designer: Stephen Taylor
This coin is now available to purchase individually in Brilliant Uncirculated quality here.
£2: The 350th anniversary of Samuel Pepy’s last diary entry
Samuel Pepy’s diary entries provide detailed and personal observations from some of Britain’s most significant moments in history, such as the Restoration, the Plague and the Great Fire of London. His diary has been essential for understanding these events and their impact on people at the time and give invaluable first-hand insights.
Reverse designer: Gary Breeze
This coin is now available to purchase individually in Brilliant Uncirculated quality here.
£5: The 200th anniversary of the birth of Queen Victoria
At her birth in 1819, no one knew that Queen Victoria’s reign would span the rest of the century and make her one Britain’s most famous rulers. She came to the throne aged just 18 years old, at a time when Britain’s Empire was growing and becoming the world’s pre-eminent superpower in an era of unrivalled peace and prosperity.
Reverse designer: John Bergdahl
This coin is now available to purchase individually in Brilliant Uncirculated quality here.
The announcement of the year’s coins is always an exciting moment for Change Checkers, particularly when the anniversaries are as significant as these.
And now we can now start looking forward to finding these new designs in our change throughout the year!
Own the 2019 Commemorative Coin Set
If you can’t wait to find these coins in your change, be one of the first to own the complete set!
50 years of The Royal Mint at Llantrisant… The move to decimalisation
Standing strong for over 1,100 years throughout Britain’s wars, political upheavals, social and economic progress and technological and scientific advances, The Royal Mint’s history can be traced back through our country’s coinage.
But it was on the 17th of December 50 years ago that The Queen herself opened the new site for The Royal Mint, which was moved to a purpose-built site in Llantrisant following 157 years at Tower Hill, London.
This was the first time since its inception that The Royal Mint had been based outside of London, and marked an incredibly important moment in the history of our coins.
The Queen opening the new Royal Mint in Wales. Credit: royalmintmuseum.org.uk
The move to Llantrisant
In 1966 it was announced that Britain would adopt a new decimal currency. This meant that hundreds of millions of new coins would need striking and Tower Hill simply didn’t have enough space to cope with this demand and so the decision was made to find a new location for The Royal Mint.
Llantrisant made it onto the shortlist of the top 7 locations, and as James Callaghan (Chancellor of the Exchequer, Master of the Mint and an MP for Cardiff) supported a move to Wales, Llantrisant was chosen for the big move.
Staff from Tower Hill visiting the new Royal Mint site in Llantrisant. Credit: royalmintmuseum.org.uk
Britain’s new Mint
The announcement was made in 1967 and construction soon began on the new site. For the Llantrisant area, the move meant more work and a regeneration of the town, as well as adding to the sense of history and tradition. It was estimated that the move would provide 10,000 jobs to South Wales.
It was in 1968 that the site was officially opened by Her Majesty The Queen when she switched on the coining presses to begin production of decimal bronze coins.
Llantrisant was built to house the most advanced coining machinery in the world and have a larger capacity than any other mint in Europe, necessary to cope with the amount of new coinage needed.
When the site opened, the circulating coin presses could strike up to 200 coins per minute, however the latest generation of presses today strike around 750 coins per minute!
Decimalisation of Britain’s coins
The 15th of February 1971 is known as the day that Britain “went decimal”.
Whilst this was the official ‘Decimal Day’, three years before this, the new 5p and 10p coins were actually introduced. These coins were the same size and value as the existing one and two shilling coins to make the transition easier for the British public.
It was in 1969 that the first seven sided coin – the 50p – was introduced to replace the 10-shilling note as a more economical alternative and then finally, on Monday 15 February 1971, the transition was complete when the half penny, 1p and 2p coins were also introduced.
The new Mint at Llantrisant successfully transformed hundreds of years of everyday currency from 12 pennies to the shilling and 20 shillings to the pound, to the new pound made from 100 new pence.
Royal Mint coin production plant. Credit: dailymail.co.uk
Today the Royal Mint is the market leader and the largest single supplier of plated coins and blanks in Europe. They can produce 90 million coins and blanks a week – that’s almost 5 billion coins a year!
And all this has been made possible thanks to the advanced facilities at Llantrisant, as pictured above, without which the move to decimal coinage simply wouldn’t have been possible.
Own this Historic Royal Mint anniversary DateStamp™
To mark the move of The Royal Mint to Llandistrant, you have the opportunity to own the Royal Mint in Wales 50th Anniversary DateStampTM.
Featuring the 2016 Wales £20 coin with the iconic Welsh dragon design, and postmarked 17th December 2018, exactly 50 years since The Royal Mint moved to Wales.
How much is your coin really worth? Debunking eBay coin price myths…
When it comes to coin collecting, whilst the thrill is in the find, it really is the icing on the cake when you manage to find a particularly rare coin which is worth more than its face value. However, all too often we are bombarded by press articles citing eBay listings of ‘rare’ or ‘error’ coins and, naturally, our interest is piqued when we hear about the coin we’ve just come across in our change ‘selling for thousands’.
Unfortunately though, these articles can often sensationalise the actual value of the coin and when taken out of context, it’s easy to 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.
So to help you avoid the pitfalls of buying coins on eBay, we’ve created our top 5 eBay buying tips at the bottom of this blog.
When a coin is listed for excessive amounts it draws attention to itself and all it takes is for the press to pick up on it for more people to start believing that the coin really is valuable and so the story grows. But in reality, these coins are not usually worth the price they are listed for and are very unlikely to actually sell. Even if the coin does sell at that price, there is no guarantee that the sale will actually go through.
How much is my Benjamin Britten 50p worth?
We’ve seen this time and again, particularly for the 2013 Benjamin Britten 50p. In fact one of the most regular questions we get at Change Checker is: “I have a Benjamin Britten 50p – how much is it worth?“.
There’s no doubt that the Benjamin Britten 50p was somewhat overlooked when it was first released and it is amongst the slightly more scarce coins in circulation, but ask yourself this… would you pay £800 for one?
Whilst a brilliant uncirculated quality Benjamin Britten 50p might sell for around £10, you’re likely to come across a circulation quality coin in your change, as this 50p has a mintage figure of 5,300,000 and is ranked as common on our scarcity index.
Read our blog ‘So i thought my coin was worth £800…’ for more information.
But it’s not just Benjamin Britten – there are others… including the 2005 Gunpowder Plot ‘Pemember’ £2 and the 2012 Charles Dickens ‘error coin’, as well as the new coin releases such as the leaked Paddington 50p…
Gunpowder Plot £2 ‘error’
The 2005 Gunpowder Plot £2 commemorates the 400th anniversary of Guy Fawkes’ failed assassination attempt on King James I, but the coin is more familiar to collectors for having a spelling mistake in the edge inscription. The timeless quote “Remember, remember the fifth of November” has been found with various combinations of Pemember, Pemembep, Novemebep and so on. The common factor here is the ‘R’ which appears as a ‘P’.
Sadly for collectors this is apparently not a striking error. The explanation from the Royal Mint is that the down-stroke of the R coincides with the milling around the edge, and as the coin has worn over time, the letter has become less defined. This categorical statement from the Mint means that any mark-up in price for a supposed ‘error’ is completely unjustified, and although it makes the coin more interesting, it is not the mistake which it is often perceived to be.
Charles Dickens £2 ‘error’
The Charles Dickens £2 coin was issued by The Royal Mint in 2012 to commemorate the 200th anniversary of one of Britain’s most famous and beloved writers. The design features Dickens’ recognisable profile crafted from the titles of his most famous works and is a favourite amongst collectors.
But recently, a number of stories have been popping up regarding the ‘errors’ people have noticed, such as fading dots around the centre part, upside down edge lettering and misspelling of the edge inscription. Unfortunately these aren’t errors, but are simply caused by the mass production process, the way obverses and reverses are struck and how the coin has worn down in circulation.
Paddington 50p leaked coins
The Paddington 50p coins were issued by The Royal Mint to celebrate the 60th anniversary of Michael Bond’s novel, “A Bear Called Paddington” and were some of the most sought-after coins of 2018, which is why collectors were particularly excited when some of the coins were discovered a few days before the official release…
The coins quickly made their way onto collectors’ forums and eBay, with one attracting a “sold price” of £16,000 – prompting interest from a number of national newspapers.
It’s highly unlikely that the transaction actually went through, and as the official launch date was just a few days later, we urged collectors to wait to be able to purchase the coin for just £3.99 instead.
We would always suggest caution and user discretion when buying and selling on eBay. To get a more realistic idea of what your coin could potentially sell for, view the ‘sold listings’ on eBay to see the actual prices buyers have been willing to pay, although again there is still no guarantee that these sales have all actually gone through.
Remember – even the rarest of all circulating 50p coins – 1992/93 EU Presidency – was sold by Change Checker for just £20.
So to help you get the most out of your money, we’ve created 5 eBay buying tips:
Tip 1) Check recently sold prices
Whilst coins can be listed on eBay for incredibly high prices, it doesn’t mean they will actually sell at this price. Make sure you search for ‘sold listings’ when researching how much buyers are currently willing to pay to check that your coin is in line with this.
Tip 2) Check if it can still be bought from official Royal Mint distributors
Take a look online at The Royal Mint’s website and on our site to see if the coin can still be bought from an official distributor, as this will affect the price of the coin on the secondary market. Buyers will be willing to pay more for a coin on the secondary market if it is no longer on sale at The Royal Mint.
Tip 3) Check if the coin is real or fake
The only way to know for certain that a coin is real is for it to be x-rayed, however there are some simple checks you can make yourself such as making sure the edge inscription and date matches the design and that the coin condition reflects the amount of time it’s been in circulation. For example, the Kew Gardens 50p has been in circulation for nearly 10 years, so a shiny Kew for sale on eBay is likely to be a fake unless it’s in the original packaging.
Tip 4) Check the coins rarity
Use our mintage charts and Scarcity Index to see how scarce the coin is and check our blogs to see if it has an interesting story that makes the coin more sought-after. Make sure you check for any errors that could add to the coins value, such as the wrong date or metal being used.
Tip 5) Check the coins condition
If the coin is in Brilliant Uncirculated quality it will most likely sell for more than a circulated coin which is more worn. Typically, the more worn the coin is, the less a buyer is likely to be willing to pay.
Remember you can also use our 6 point guide to valuing your coins to help you determine how much your coin might realistically be worth.
Best of luck buying and selling your coins!
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