Good news Change Checkers – your latest eBay Tracker and Valuation Index is here!
Whilst the secondary market can be a bit of a minefield, we’ve put together an easy way for you to see how much the Top 10 UK coins and banknotes are selling for right now.
Find out which coins and notes have been the key movers and shakers in the updated eBay Tracker below.
We’ve seen a huge jump in price for the Undated 20p, increasing by a huge £9! This coin dropped in value in the last eBay Tracker so it’s interesting to see it climb to £50 this month.
This coin is regarded by many as the Holy Grail of change collecting, and back in 2008, the undated 20p saga encouraged an entire country to start carefully checking their coins.
This mule coin came about when the new Royal Shield 20p coins were struck for circulation, with no date on the reverse. The old die was accidentally used, meaning a batch was issued with no date on either side of the coin.
The undated 20p became the first coin in over 300 years to enter circulation without a date and it’s estimated by The Royal Mint that no more than 250,000 coins made it into circulation.
So, there’s no surprises people are prepared to pay a pretty penny on the secondary market to secure one for their collection!
There’s also been an increase in the sold prices of the 2018 Sir Isaac Newton 50p, jumping up by £6.00.
As the 2018 Sir Isaac Newton 50p is a strike your own version, this indicates that collectors are likely heading to secondary markets to get hold of these types of coins, as The Royal Mint Experience remains closed.
With less cash also being used in the past few months because of the current climate, it’s clear this has influenced collector behaviour on the secondary markets too, as people are unable to exchange coins in the same ways they were previously. This therefore drives the price up, as demand for the coin increases.
Additionally, with more time being spent at home and people seeking new hobbies to keep themselves entertained, new collectors are perhaps becoming more aware of rare and collectable coins that might be worth owning and as a result, are heading to the secondary market to get hold of one.
But will we continue to see the price of this coin rise on the secondary market as we head back to a new kind of ‘normal’? Only time will tell and we’ll have to wait for the next eBay Tracker update to find out!
As collectors are unable to source coins in the usual ways due to the current climate, it’s interesting that we’ve seen some big changes this month, as people head to secondary markets to secure coins for their collection.
Overall, there’s been a 1.3 point increase value for the Top 10 UK coins and banknotes since June’s update and this is no doubt due to the increase in price for 7 of the coins in the tracker.
After an impressive spike in our last update, we’ve seen another increase in January – taking it to the highest we’ve seen since the Tracker started!
My coin isn’t on the eBay Tracker
The eBay Tracker follows the movements of the Top 10 UK coins and banknotes, however if your coin doesn’t appear on the tracker you can use our 6 point guide to help determine realistic a value for your coin.
So now that you’re up to date with our latest eBay Tracker, will you be selling any of the coins in your collection or will you continue to save them? Let us know in the comments below.
How does the eBay Tracker work?
The Change Checker eBay Tracker takes the last 9 sold prices achieved on eBay and gives the median price achieved (rounded to the nearest 50p). By taking the median, rather than an average, we avoid skewing created by one or two excessive prices achieved.
Please note that the Change Checker eBay Tracker is only ever designed to be a guide as to prices achieved on eBay. Prices may vary depending on collector demand and the quality of the coin being sold. It does not provide any guarantee as to future values of 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
*** UPDATE 12/08/2019 ***
The Chancellor Sajid Javid has asked officials if it will be possible to produce Brexit 50p coins in time for Britain’s departure from the EU in October 2019.
Previously, Chancellor Philip Hammond planned for just 10,000 commemorative Brexit coins to be struck for the event, however Javid intends millions of Brexit 50ps to be produced for circulation.
As mentioned in the blog below, the coin will have the words, “Peace, Prosperity and Friendship with all nations” and feature the date of Brexit – now 31st October 2019.
But with only a few months to go, will the coins be signed off by the Queen’s privy council and struck by The Royal Mint in time for Brexit?
It’s official! A Brexit 50p WILL be issued by The Royal Mint to mark the UK’s exit from the EU!
Within his budget, the Chancellor unveiled his advanced plans for the 50p coin, which will be released in Spring 2019.
As such a controversial issue, which has created much disruption across the UK and the EU since the referendum in June 2016, Philip Hammond hopes that this new coin, which is expected to bear the phrase ‘Peace, prosperity and friendship with all nations’, will promote the positivity of the event.
In our previous blog, we asked Change Checkers if they would like to see a Brexit coin and 68% of you believed that such a significant moment in Britain’s history should be commemorated with a 50p coin. The Government has now finally conceded to create a gesture for this landmark moment and recognise its importance, although Treasury sources say the department has secretly been working on plans for the coin for months now.
The importance of Brexit can now be likened to Britain’s entry to the European Economic Community, which was then incorporated into the EU in 1993. A 50p coin was issued in 1973 to mark the occasion, featuring nine hands clasping each other in a circle, symbolising the nine member states of the community, intended to represent the trust, assistance and friendship which comes with EEC membership. So important was this event, that in 1998 the first “new sized” commemorative 50p was issued to commemorate 25 years of the UK in the EEC.
89,775,000 of the 1973 50p coins were struck for collectors but is no longer in circulation, whilst the 1998 coin has a mintage figure of 5,043,000 and can still be found in circulation.
It seems that the idea of commemorating Brexit in some way is popular amongst collectors, as commemorative 50p shaped Brexit souvenirs are now available on eBay and are currently selling for £6.99. These are not legal tender, but go to show that a Brexit 50p coin is certainly in demand and could be incredibly sought-after.
An order has now been issued by Mr Hammond to The Royal Mint advisory committee to draw up a designs for the Brexit 50p coin, which should be signed off later this year. Just as the EEC 50p from 1973 intended to promote the development of new relationships, so too will the Brexit 50p, but what do you think about the plans for the new coin?
We posted a poll on our Facebook page to find out what Change Checkers think and 66% of you think we should have a Brexit coin, compared to just 34% voted against the coin and the majority opinion seems to be that we had a coin for entering the EU, so we should also have one for leaving.
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Have you heard the latest press rumours about the possibility of a commemorative Brexit coin being struck to mark the UK’s departure from the European Union?
In the news this week, we’ve heard that Conservative MPs are demanding the Treasury produce a ‘Brexit coin’ for 2019, but opinions seem to be split as to whether or not the coin should in fact be made.
Whilst the Treasury is believed to be enthusiastic about the plans, the Department for Business has reportedly rejected proposals for the Royal Mail to issue commemorative Brexit stamps.
Traditionally, stamps and coins have played an important role in celebrating Britain’s historical milestones.
In 1973 both a commemorative stamp and 50p coin were issued to mark the UK’s entry into the EEC, which was then incorporated into the EU in 1993.
As Britain reaches such a significant moment in the country’s history, should stamps and coins be issued to celebrate this, or is the issue just too controversial a topic for our nation to memorialise?
Foreign Secretary Boris Johnson commented, “Leaving the European Union will be a monumental moment in British history, so let’s deliver a commemorative stamp that shows the world we’ve got Brexit licked.”
Despite this, the Royal Mail Director of Public Affairs and Policy has rejected the proposal for a commemorative ‘Brexit stamp’ on the grounds that the Royal Mail must remain a figure of political neutrality.
Nonetheless, Conservative MPs seem to remain ever hopeful that the plans for a commemorative Brexit coin will be granted.
The Royal Mint Advisory Committee will be deliberating on whether or not to grant approval for this proposal and if it is approved, the design will then be proposed to Chancellor Philip Hammond before being sent to the Queen for Royal approval.
In coming months, we may see a public petition and even a design competition for the coin, but will you be signing your name to support the production of this coin?
Results from our Facebook poll showed that 68% of you voted in favour of a commemorative Brexit coin. We shall see what the future holds for this coin as The Royal Mint Advisory Committee deliberates the proposal…