The Royal Mint has today released a brand new UK £5 coin that celebrates the 250th Anniversary of the founding of the Royal Academy of Arts.
The coin is available as a Silver Proof UK coin as standard, but The Royal Mint have also made another version. This version has been struck to base metal specifications and has initially been made exclusive to Change Checkers.
The reverse of this £5 has been designed by architect Sir David Chipperfield RA, and features the mid-19th century frontage of the famous Burlington House of the Royal Academy, with ornate sculptures on the roof.
What’s more, a mintage of just 12,000 has been set, making this the rarest base metal UK £5 coin ever!
The other £5 coins that make up the top 3 are The Queen Anne £5 coin that commemorates the 300th Anniversary of the death of Queen Anne – the first queen of Great Britain who left behind political stability and prosperity. Just 12,181 of these coins were struck in Brilliant Uncirculated presentation packs which made it the rarest UK £5 coin ever…until now!
The Prince Philip £5 coin, the third rarest with a mintage of 18,730, is extremely sought after by collectors and is virtually impossible to get hold of on the secondary market. In fact, sold listings on eBay show that the Prince Philip £5 coin regularly fetches in excess of £50!
Remember, when it comes to collecting, there is one fact which is always inevitable –the rarest coins are always in highest demand.
The Royal Academy of Arts
Founded through a personal act of King George III on 10 December 1768, The Royal Academy of Arts (RA) is an art institution based in Burlington House on Piccadilly in London.
It has a unique position as an independent, privately funded institution led by eminent artists and architects; its purpose is to promote the creation, enjoyment and appreciation of the visual arts through exhibitions, education and debate.
The Royal Academy does not receive financial support from the state or the Crown. Its income is from exhibitions, trust and endowment funds, receipts from its trading activities, and from the subscriptions of its Friends and corporate members.
It also gains funds by sponsorship from commercial and industrial companies, in which the Academy was one of the pioneers.
2018 UK Royal Academy of Arts BU £5
This brand new £5 has been struck to a Brilliant Uncirculated quality and has initially been made exclusively available to Change Checkers.
What’s more, an edition limit of just 12,000 has been set, making this the rarest base metal UK £5 coin ever!
We’re often asked by Change Checkers what can they collect once they’ve completed their collections of 50ps, £1s and £2s.
Quite simply, there’s only one answer. £5 coins. These are my reasons why:
1. A Treasure Hunt
In the past, collectors were able to get £5 coins from banks and post offices, but nowadays some of the older designs are like gold-dust. And more often than not, new UK £5 issues are snapped up by collectors on release, so it can be quite a challenge tracking down every single one for a complete collection. You can source online, in auctions and of course from Change Checker! We’ve built up some superb stock over the years which we are now making available to collectors.
2. When less is more
In this case – interest. It’s obvious that popular coin issues create instant and on-going demand for a coin, but the same can be said for ‘less interesting’ coin designs. Let me explain…
This may come as a surprise, but a coin that is issued with a less interesting theme or design and is not initially popular with collectors, can be a real hidden gem for coin collections. This is because the less coins that are sold, the lower the final number of units that are available to future collectors.
But whilst most collectors would shy away from unpopular themes, it is these very coins that are likely to become the most sought after in years to come. And the 2011 Prince Philip £5 coin is a prime example…
Back in 2011 a UK £5 coin was issued by The Royal Mint in celebration of the 90th birthday of Prince Philip.
The coins design featured a specially commissioned portrait of Philip by Mark Richards FRBS. Just 18,730 of these coins were struck in Brilliant Uncirculated presentation packs making it one of the rarest £5 coins ever.
And because of this, the coin is extremely sought after by collectors and is virtually impossible to get hold of on the secondary market.
3. Only available for a limited time
As you probably already know, coins with a lower mintage are often the most sought-after by collectors in years to come. And the coins with popular themes are timeless pieces of numismatic history that only become more and more desireable as time passes.
£5 coins are only available for a limited time and when you add to this the intense interest in the event the coin is commemorating (usually important royal events), you have a hugely collectable coin, sought after by collectors from all over the world.
4. Historically valuable
One of the key points Change Checkers look out for when deciding which coins to add to their collection, is the possibility that the value of that coin will increase and we’ve seen it happen many times before with circulation coins. The Kew Gardens 50p for example.
One thing you can be sure of though is the historical interest of £5 coins will be worth more to future generations than the £5 face value now. When you take all the above points into account, there is no doubt that the importance of £5 coins ensures the coins remain sought-after and collectable.
Interested in finding out if you own one of the rarest £5 coins? Click here to find out more>>
The perfect introduction to collecting UK £5 coins or a great addition to your existing collection…
With the release of a new £5 coin, a 20 year anniversary and a major milestone in The Great £1 Coin Race – August tuned out to be a very interesting month!
Watch as Yasmin and Luke discuss all the latest change collecting news: