It’s time for your latest Scarcity Index update, where we reveal the UK’s most sought-after circulation coins of the last three months! As we continue to go out and spend more cash, we’ve seen some BIG movers and shakers on our Scarcity Index.
There’s been movement across all of our indexes, with one coin climbing 16 spots and another dropping by 14!
You can use the updated A-Z 10p, 50p and £2 indexes below to discover how sought-after the coins in your collection really are.
This information has been compiled using data from the Change Checker Swap Centre and presented in the easy to use indexes below, with arrows to signify how many places up or down a coin has moved since the last Scarcity Index.
A-Z 10p Scarcity Index
The Union Jack 10p has jumped up an incredible 16 places on our 10p index this quarter, placing it the highest we’ve ever seen it!
All of the lower mintage A-Z 10ps have remained strong at the top of the index; the Y, Z, and W 10ps all have a 2019 mintage of JUST 63,000 so it would take some doing to beat them to the top…
Regardless of where they feature in the above index, if you have any of the A-Z 10ps in your collection you should consider yourself very lucky. A maximum of only 304,000 of each design entered circulation!
50p Scarcity Index
There’s been a lot of movement at the top of our 50p Index, with each Olympic 50p have been shaken up! The Table Tennis 50p has climbed by seven spots, and Gymnastics climbing an impressive five spots too.
The 2016 Peter Rabbit 50p has climbed by an incredible 13 places, which is the biggest move we’ve seen for this coin since our Index started. The Libraries 50p has also dropped by 13 places, pushing it down to the bottom of our Index. These two coins are definitely worth watching over our coming Index updates.
£2 Scarcity Index
This £2 Index is full of movers and shakers, as only 8 coins have stayed in the same spot from last quarter’s update!
Some key movers at the top of the Index, include the Commonwealth Games Wales £2, which has previously sat comfortably in the top five. It’s been bumped down three places, with the 2015 First World War (Navy) coin jumping up 4 spots to position itself just below the other Commonwealth Games and Olympic £2 coins.
Interestingly, the Britannia £2 has also climbed by five places, pushing it closer to the top of the Index. This is definitely one to watch over the coming updates!
How your 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 200 times face value on eBay.
You can use the 6 point guide to help you determine a more realistic value for your coins.
What about £1 Coins?
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*** UPDATE – BALLOT NOW CLOSED ***
The 2021 Team GB 50p ballot has now closed, but congratulations to our 650 lucky winners!
Despite the road to Tokyo 2020 not being easy for our Team GB athletes, their performances and dedication to their sports has be nothing short of inspirational.
The 2020 Games, amongst other things, were postponed for only the fourth time in Olympic history, due to the coronavirus pandemic.
With this, we also saw the delay of the individual release of the official Team GB 50p, issued to celebrate our incredible athletes in the upcoming sporting event.
So, to celebrate Team GB’s incredible success at this year’s Olympic Games and the release of this outstanding new 50p coin, Change Checker is incredibly excited to announce that we’re launching a National UK 50p for 50p Ballot.
Your chance to own the 2021 Team GB 50p for JUST 50p
We’re giving away 10 of these fantastic new coins at face value for every medal won by Team GB at the Tokyo Olympics!
That means 650 lucky collectors will have the chance to own this brand new coin, in Brilliant Uncirculated quality for JUST 50p.
The winners will be contacted via email on the 23rd August with details of how to claim the new 50p coin for just 50p.
This coin was initially issued as part of the 2020 Annual Coin Set but with the postponement of the Olympic Games to 2021, this 50p was never individually released in 2020.
This 50p is already proving to be one of the most sought-after coins in recent years, especially after collectors have waited a whole year to get their hands on the individual issue.
What’s more, this makes the new 2021 UK Team GB 50p one of only a small handful of UK 50ps to feature a dual-date – only adding to the collectability of the new coin!