Posts Tagged ‘coin value’
The FIRST EVER A-Z 10p Scarcity Index!
The latest Change Checker Scarcity Index update of 2018 is here and excitingly, we have now been able to put together our first ever A-Z 10p Scarcity Index!
This information has been compiled using data from the third quarter of the year and presented in the easy to use indexes below to help you track the performance of your coins.
FIRST EVER A to Z 10p Scarcity Index
As more coins are starting to appear in circulation and Change Checkers are adding them to their collection, we are now able to use this data to put together the very first A-Z 10p Scarcity Index.
Initially, 2.6 million A-Z 10p coins were released, however recent news has revealed that another 2.6 million coins have now entered circulation! Therefore, we have estimated a mintage figure of 200,000 for each design in order to put together this index, combining mintage figures with the number of each coin listed in Change Checker’s collections and the number of each coin requested to swap by Change Checkers.
The clear front runner is Z -Zebra Crossing, sitting 24 points ahead of the second place coin, M – Mackintosh. Whilst everyone seems to be struggling to find the A-Z 10ps, these top few coins appear to be the hardest to come across so far, whereas S – Stonehenge, K – King Arthur and A – Angel of the North seem to be the most common. A – Angel of the North was actually the top design for the A-Z 10p Swap Index, suggesting it is most popular and therefore being swapped more often if people are finding multiples of this design.
It is only early days in terms of creating a fully accurate Scarcity Index for these coins, as we still await confirmed mintage figures for each design, and of course it is possible that this may change as more coins are found in circulation.
50p Scarcity Index
We’ve seen a lot of movement on the 50p index this quarter, possibly due to the high numbers of 2017 Beatrix Potter 50ps which have now entered circulation.
The Battle of Britain and 2016 Beatrix Potter 50p have both jumped up the index, but the most significant increase goes to the 2017 Sir Isaac Newton 50p, which actually has the second lowest mintage figure for any commemorative 50p in circulation. This coin has moved up 12 places this quarter, and I wouldn’t be surprised to see it continue to improve.
Of course, Kew Gardens still remains the most scarce UK 50p coin with a mintage figure of just 210,000 and in fact, our top 6 coins have remained consistent since last quarter.
£2 Scarcity Index
We’re still waiting on the 2017 WW1 Aviation and Jane Austen £2 coins to enter circulation, and so there hasn’t been much movement for the £2 index this quarter.
The ever popular Commonwealth Games £2 coins remain at the top, although Wales has now moved down to become the least popular of the four. Our final 8 remain consistent and the only major movement goes to the Wireless Transmission £2 coin, which has fallen 7 places down the index.
We’re eagerly awaiting the newer coins to enter circulation, which I’m sure will then cause a significant re-shuffle of the leaderboard!
How the Scarcity Index works
Generally collectors have had to rely upon mintage figures to identify the scarcest coins. But they only tell part of the story. Trying to find a good quality coin from 15 – 20 years ago, even for a higher mintage issue, is much more challenging than a more recent issue, as coins become damaged over time and are ultimately removed from circulation.
Additionally, some designs are more hoarded than others by people who might not normally collect coins – the poignant First World War £2 Coin series being an example. Finally, it can be up to a couple of years before the Royal Mint eventually confirms the actual mintage for an issue.
That’s why we have combined the mintage information with two other key pieces of information.
- How many of each design are listed as “collected” by Change Checkers, indicating the relative ease of finding a particular coin.
- The number of times a design has been requested as a swap over the previous 3 months, showing the current level of collector demand.
Importantly, as new coins are released and popularity rises and falls across different designs the Scarcity Index will be updated quarterly allowing Change Checkers to track the relative performance of the UK’s circulation coins.
How much are my coins worth?
The Scarcity Index does not necessarily equate to value but it is certainly an effective indicator. For example, the Kew Gardens 50p coin commands a premium of up to 160 times face value on eBay.
What about £1 Coins?
The £1 Scarcity Index has already been published for the Round £1 coins and, because they are no longer being issued, this is now set in stone.
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
How rare is my £2 and how much is it worth?
Since the first very bi-metallic £2 coins were released back in 1998, there have been 37 UK £2 coin designs issued for circulation! But with so many different designs in circulation, how can you tell which ones you should be looking out for?
Luckily for you, we’ve done the hard work and compiled a number of resources to help you determine how rare your £2 coin is and how much it might be worth.
Mintages
A key tool for working out how rare your coin might be is our £2 mintage chart. Generally speaking, the lower the mintage, the rarer the coin and the harder it will be to find in circulation.
Below is the most up to date mintage chart for the UK £2 coins in circulation, with the UK’s rarest – the 2002 Commonwealth Games Northern Ireland £2 – in top spot.
With a circulating mintage of just 485,500, the N. Ireland Commonwealth Games £2 is the rarest in circulation by far. The second rarest is the Wales Commonwealth Games £2, with a mintage of 588,500 – which is still pretty low considering there are 567,607,588 £2 coins in circulation in total!
Click here to read more about the 50p mintage figures >>
eBay Tracker
Our eBay Tracker, which is updated every 6 months, follows the secondary market selling price of the top 10 UK coins and banknotes. The eBay Tracker takes the last 9 sold prices achieved on eBay and gives you the median price achieved. By taking the median, rather than an average, we avoid one or two excessive prices skewing the figures.
Our latest eBay Tracker reveals that the 2002 N. Ireland Commonwealth Games £2 is selling for around £31.55 on the secondary market – that’s nearly 16 times its face value!
Read our latest eBay Tracker update >>
Don’t see your coin on the eBay Tracker? You can use our 6 Point Guide to valuing your coins to determine how much they could be worth.
Change Checker’s Scarcity Index
To give you a complete picture of how your coin compares to other £2 coins in circulation, we’ve combined the mintage information with other key pieces of information from the Change Checker Swap Centre.
Here’s our most recent Scarcity Index for £2 coins, with yet again the Commonwealth Games Northern Ireland coming in on top as the most scarce £2.
So how rare is your £2?
Hopefully these tools will enable you to get a more realistic picture of how rare your £2 is and how much it might be worth. Of course, these figures will change over time and as new £2 coins are released into circulation, so make sure you stay up to date with all our latest coin news and information.
We’d love to know if you’ve found any rare coins in your change recently, so let us know in the comments below!
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
Could I be minted? The 6 point guide to valuing your coin!
So, you’ve been hunting down that coin for what feels like a lifetime and now it’s finally turned up in your change! But after the excitement and thrill of finding that elusive coin, you find yourself asking the question, “What do I do next?”…
There are a number of options for deciding what to do with your coin and whilst many collectors enjoy holding onto them to build their collection, pass down to children, or potentially see their value change, lots of people look to sell these coins on auction sites, through dealers or on eBay.
Before deciding whether to sell or save, you should first take a look through our 6 point guide to make sure you’re getting the most out of your coin…
The 6 Point Guide to valuing your coins
1) How does your coin rate on the Scarcity Index?
The first step in our 6 point guide is to check your coin on our Scarcity Index. The Change Checker Scarcity Index tracks which coins are the most scarce and collectable using a unique combination of mintage, collecting and swap data to give the most up-to-date picture of the collecting market.
The higher the Scarcity Index score for your coin – the more sought-after it will be to collectors.
Our Scarcity Index is updated quarterly to ensure the information is always up to date.
2) How much is your coin selling for?
It can be difficult to work out an exact value of a coin, as this depends on so many variants. However, once you have completed point 1, you’ll have a better understanding of how collectable your coin might be.
The next step is to check previously sold items on auction sites such as eBay to see how much potential buyers are willing to pay. Luckily, we’ve done the hard work for you and have put together our eBay Tracker which takes the last 9 sold listings* on eBay for 10 of the UK’s most popular coins and banknotes and works out the median selling price.
Our eBay Tracker is updated every 6 months to give you the most up to date information.
*Note: It’s important to check ‘Sold listings’ rather than active listings, as the price a coin is listed for may not be the actual price it sells at.
View our latest eBay Tracker here >>
3) How easy is it to buy your coin?
If your coin can still be purchased in Brilliant Uncirculated quality from an official Royal Mint distributor, it’s unlikely that a collector would pay the same price for a circulation quality coin which might have imperfections.
4) What condition is your coin in?
Understandably, collectors are likely to pay a little extra for a coin in pristine condition, rather than a coin showing signs of wear and tear.
However, there are some rare coins (such as the 2002 Commonwealth Games Norther Ireland £2) which are very hard to find in good condition and yet they still fetch way above face value.
Familiarise yourself with different coin qualities and conditions to determine how much yours might be worth.
5) Does your coin have a story?
It’s often true that coins with an interesting story behind them are the hardest to get hold of and so it’s worth researching your coin on our Web App or checking out our blogs to see if you can find anything that stands out, or any interesting facts about the coin.
It’s also important to brush up on your knowledge of errors and mis-strikes which can occur on the coins in our change. Keen collectors will know that it’s worthwhile paying close attention to the small details on your coins as it’s the only way you can ever hope to spot an error or mis-strike.
Mistakes happen, and when it comes to coins, these mistakes can often be worth a lot money to eagle-eyed collectors.
Check out our video on the Top 5 Error Coins and Mis-strikes in Circulation >>
If you do need extra clarification on your coin, The Royal Mint offer an authentication service starting from £20 and will provide you with a letter to confirm the coin’s authenticity.
6) Where can you sell your coin?
Now that you have a better idea of how much you could sell your coin for and why – it’s time to find a seller that’s willing to pay! Coin dealers, auction sites, Facebook coin groups and eBay are your best bets.
You can contact a member of the British Numismatics Trade Association who will advise you on auctioning your coin, although they do charge for this service. If you’re selling on eBay, be sure to set a minimum price equal to or higher than the coin’s face value and be mindful that if your coin ‘sells’ at a high price, the sale may not actually go through.
Remember, your coin is legal tender and therefore will always be worth at least face value!
Sell or save?
So there you have our 6 point guide to help you work out how much your coin could be worth, you can now make an informed decision on whether you decide to sell or keep your coin. Perhaps you don’t want your collection to decrease in size, but you have some duplicate coins – you can swap with other collectors completely FREE via either the Change Checker Swap Centre or the Change Checker Community Group on Facebook.
Either way, I think you can agree that the buzz of finding rare coins in your change is second to none and one of the best hobbies to have!
Download the Change Checker Web App
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
