Following the launch of the Change Checker “Scarcity Index” earlier this year the Quarter 2 Index has just been published.
It takes into account all of the latest ownership and swap information and, most importantly, this Quarter factors in the Royal Mint’s confirmed mintage figures for the 2016 releases.
Jemima Puddle-duck confirmed as most sought-after Beatrix Potter 50p.
For many Change Checkers, the most eagerly anticipated information concerns the Beatrix Potter 50p coins. Following confirmation of the low Jemima Puddle-duck mintage in comparison to the other 3 character designs, we can see the significant effect on the Scarcity Index – with Jemima Puddle-duck holding a scarcity score of over double the next character, Squirrel Nutkin.
For those of you still keen to add Jemima Puddle-duck to your collection, why not enter our Face Value Ballot.
Elsewhere among the 50p coins, it will be of little surprise that Kew Gardens maintains its top spot as the UK’s most sought after circulation coin, whilst Isaac Newton debuts with a score of 23 after its surprise limited release into circulation last month. That will certainly be one to watch over next quarter.
New coin crowned as the UK’s scarcest £2 Coin
Interestingly, the £2 Scarcity Index has seen a new coin top the list. Jumping up 2 places and from an Index score of 81, the England Commonwealth Games £2 coin takes the crown this quarter, benefiting from extra swap interest. However, there are no great surprises when you look at the other top 4 £2 coins, which comprise the other Commonwealth Games coins. Indeed the average Scarcity Index Score for the 4 Commonwealth Games coins has jumped almost 10 points for 85.5 to 94.75.
Elsewhere, we have seen a relaxation in the figures for the 2016 coins as they have made their way into wider circulation and The Royal Mint has confirmed sensible mintages.
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 recent 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?
When The Royal Mint released the mintage figures for the 2016 Beatrix Potter 50p Coins, what immediately caught the attention of collectors was the minimal amount of Jemima Puddle-Duck coins that had been struck compared to the rest of the series.
Only 2.1 million Jemima Puddle-Duck coins were released into circulation, that’s less than 20% of Peter rabbit and half the amount of Squirrel Nutkin which has the 2nd lowest mintage.
When one coin in a series has a much lower mintage figure, collectors struggle to complete the set. We’ve started to see evidence of this as swap requests from our Swap Centre users have increased dramatically.
For every one Jemima Puddle-Duck coin we see listed as available to swap, there are more than 8 users requesting this coin.
The rarity of this coin is also highlighted by our Scarcity Index. Jemima Puddle-Duck is listed as the 6th most collectable 50p in UK Circulation scoring 61/100.
How you can still own the Jemima Puddle-Duck 50p for just 50p
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With Monday’s announcement of four new Beatrix Potter 50p coins leading to as many as 50,000 collectors queuing at The Royal Mint’s website to reserve the coins online, Change Checker can reveal which of last year’s 5 Beatrix Potter circulation 50p coins are currently the most sought after by collectors.
Using data unique collecting and swap data, Change Checker will be publishing its first-ever 50p “Scarcity Index” later this month but ahead of the full publication, we can give you a sneak preview as to which of last year’s Beatrix Potter 50p coins are currently most sought after by collectors.
How rare are the Beatrix Potter 50p coins?
Final mintages are yet to be published but the Change Checker “Scarcity Index” scores each of the UK’s 54 circulation 50p coin designs out of 100 to determine their relative scarcity.
Results suggest that Jemima Puddle-Duck is currently the 6th most difficult coin to find in your change, with Squirrel Nutkin coming in close behind. Peter Rabbit has certainly become easier over the last few months but still sits 20th out 54 issues.
How valuable are my Beatrix Potter 50p coins?
Currently you can still buy base metal collector versions of the Beatrix Potter 50p coins direct from the Royal Mint for £10 and Change Checker Certified Brilliant Uncirculated versions for £3.99, rather than wait to find them in your change. That has meant that their values have been pretty much capped.
But The Royal Mint has confirmed that they are not striking any more 2016 collector editions, which means that when current stocks of the Brilliant Uncirculated version are exhausted, collectors’ only choice will be to search for circulation versions.
So whilst the 2016 Beatrix Potter 50p coins are not likely to follow the example of the ultra-rare Kew Gardens 50p, which achieves prices of between £70 and £100, collectors may see prices rise from around 6 times face value to somewhere between 10 and 12 times face value over the coming months.
But don’t forget, the joy of Change Checking is that you may receive a Beatrix Potter 50p coin in your change at any time for just its face value – 50p.
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