Posts Tagged ‘Coins’
Who needs the 2 pence piece?
A survey by Gocompare recently found that as many as 21% of Britons would like to scrap copper coins, leaving the 5p as the lowest circulating denomination.
Coppers are becoming unpopular
In fact, out of the 2,000 adults who participated in the survey, 68% claimed they prefer to empty their pockets of copper coins rather than carry them around or spend them.
And who can blame them?
To all intents and purposes, 1p and 2p coins are worthless because you can’t use them to buy anything.
Matt Sanders of Gocompare commented: “Our survey suggests that for many people, copper coins have had their day. In a world of higher prices, plastic cards and contactless payments, copper coins seem increasingly worthless and irrelevant.”
Other developed nations such as Australia, New Zealand and Canada have all taken steps to remove their minimum denominations, so why has Britain not yet followed suit?
Retaining the penny makes some sense because of the tendency for businesses to use a 99 pence pricing tactic. But why do we need a 2p coin? Would it be a problem if we were never to see it again?
Scrapping either the 1p or 2p would break up the Royal Arms Shield
The missing jigsaw piece
The answer is: probably not.
However, it would pose a problem for collectors.
The famous Royal Arms Shield jigsaw puzzle which has been a quirky design feature of British coins since 2008 uses the reverse design of every coin from the penny to the 50p – including the 2p.
Could this be the reason that the Royal Mint have been reluctant to scrap it?
What do you think should happen? Have your say in our poll below:
Ultimate Guide: The Top 10 Rarest Coins in Circulation
Have I just found a rare coin? It’s a question which collectors ask daily, and to help answer it, we’ve put together these charts showing the TOP 10 rarest coins for each of the four denominations on the Change Checker App.
How does your coin stack up against the others?
- £2 Coins – View in the Change Checker App
The Northern Ireland 2002 Commonwealth Games is the rarest £2 coin currently in circulation – in fact the four designs in the 2002 Commonwealth Games series can be found in the top ten chart. Others to look out for include both 2008 and 2012 Olympic Handover Two Pound Coin designs and the 2015 Royal Navy £2.
- £1 Coins – View in the Change Checker App
The rarest One Pound coin currently in circulation is the Edinburgh £1 – have you ever spotted one in your change? The Royal Arms is a common design which is sometimes ignored, but remember to look out for one with a 2008 date – that’s actually the fourth rarest.
- Olympic 50p Coins – View in the Change Checker App
The Olympic Fifty Pence series is very popular with Change Checkers, but in terms of rarity, there really isn’t much separating the top 10 designs. The Football ‘Offside Rule’ 50p was certainly one of the most talked about designs, and it also narrowly ranks as the scarcest.
- 50p Coins – View in the Change Checker App
As mentioned in our previous blog the rarest coin, of any denomination, is the Kew Gardens 50p. Its status as the most scarce coin has been well publicised, and as a result, many are hoarded by collectors. The chart below illustrates just how rare it is compared with other Fifty Pence designs.
Hopefully our charts will help you identify which coins you should be looking for in your loose change, and remember you can Find, Collect and Swap all your coins for FREE with the Change Checker App: www.changechecker.org/app
Add this year’s most sought after 50ps to your collection!
Own the 2018 Paddington 50p coins in Brilliant Uncirculated quality and give this adorable British bear a home! Just £3.99 each (+p&p) >>
Which coins are missing from your collection?
£5 Coins – My top 5 designs
The UK £5 coin is legal tender, but you won’t ever find one in your change. They were first issued in 1990 and are usually reserved for commemorating Royal occasions. But many others also commemorate significant British anniversaries, and they are a favourite among collectors because of their interesting and powerful designs. I’ve picked out my top five here.
The Millennium £5 with Millennium Dome mintmark
In the build up to the New Year’s Eve in 1999 these coins were widely given as a souvenir of the historic moment we shared when the clock ticked over into the new millennium. Jeffrey Matthews captured this perfectly with his clock hands passing through Greenwich, positioned at midnight. A limited number of these £5 coins were struck at the Millennium Dome and bear a small Dome mintmark (circled). You can count yourself lucky if you’ve got one of these rarer and more valuable versions!
Trafalgar £5 featuring HMS Victory
One of the greatest landmarks in British history, the Battle of Trafalgar was fought on 21st October 1805. The Royal Mint marked the bicentenary with two £5 coins. The first of these designs by Clive Duncan, shows Nelson’s flagship Victory leading the fleet into battle. HMS Victory is in service to this day as the flagship of the Commander-In-Chief, moored in Portsmouth dockyard.
Entente Cordiale £5
The Entente Cordiale was a series of agreements between Brtiain and France which ended nearly a millennium of intermittent conflict between the two countries. To mark the centenary in 2004 the Royal Mint released this commemorative £5 coin. The reverse design by David Gentleman features an unusual and striking combined image of Britannia and her French counterpart, Marianne, to symbolise the bond between Britain and France.
Restoration of the Monarchy £5
2010 Restoration of the Monarchy £5
In 1649, following the English Civil War and the subsequent execution of Charles I, the British monarchy was abolished and the kingdom became a republic with a new government presiding – the ‘Protectorate’ – led by Oliver Cromwell. This £5 coin issued in 2010 marks the 350th anniversary of the restoration of the monarchy under Charles II in 1660. The reverse design features a simplified version of Charles’ crown with the inclusion of oak leaves. Amidst the oak leaves the coin also features a rose and thistles representing England and Scotland respectively.
The Official Olympic £5
This is the Official Olympic £5 coin issued for London 2012, and aside from being a piece of Olympic memorabilia, what sets it apart from other £5 coins is that it was designed by a member of the public. The design was chosen as part of the Royal Mint’s nationwide competition open to art and design students in higher education. Saiman Miah’s creative idea features the iconic buildings of the London skyline and the River Thames within a central circle. The outer ring features pictograms in the style of a clock face, representing various sports at the London 2012 Games.
How many have you got in your collection?
Available in the Change Checker Shop
The £5 is the UK’s flagship coin, and we now have a limited number of £5 coins available in the Change Checker Shop
Click here to browse our full range.