Posts Tagged ‘Scarce coin’
Germany’s first ever 5-euro coin has been released into circulation… and it’s see-through!
Germany’s first ever 5-euro coin was released into circulation yesterday. Dubbed the ‘three material coin‘, it is also see-through!
New 'see-through’ five-Euro coin unveiled in Munich. https://t.co/4UTYBLKHcQ pic.twitter.com/X57uOFIn3t
— The Local Germany (@TheLocalGermany) April 12, 2016
Developed by Dr Peter Huber and Günther Waadt, the coin features a blue plastic ring in the middle and has been named ‘Blue Planet Earth’.
Not only is the blue ring easy to identify and authenticate by the naked eye, it is made of polymer plastic which behaves like a form of insulation between the pieces of two different metals and will be easy for cash machine to recognize whether it is real or fake.
A first in the history of coins
A German Minting Technology team has spent a decade developing this new security feature. In fact, it’s the first coin to be made from a combination of metal and plastic materials.
The plastic ring can be manufactured in any colour – perhaps we’ll see a rainbow of coloured Euro coins in the near future! It is also rumoured that the coin can change colour when exposed to UV light.
A total of 2 million coins have been released and will undoubtedly be snapped up and highly prized by coin collectors… if they haven’t already.
Yesterday it was reported that hundreds of Germans were queuing at the Bundesbank in Frankfurt for a chance to get hold of this new cutting-edge coin.
It’s unlikely that these 5-euro coins will be used in everyday transactions but if you are lucky enough to be heading to Germany any time soon, make sure you keep a look out.
Always ‘Pemember’ the facts about rare £2 coins
Every keen collector knows that it is worthwhile paying close attention to the small details of your coins – it’s the only way you can ever hope to spot an error. However, it’s also important to know when you have a genuine rarity. There are a few stories which crop up more often than others, and hopefully this post will help dispel some of the myths about the £2 coins you can find in your change.
2005 ‘Pemember, Pemember’ Gunpowder Plot £2
The edge inscription of the Gunpowder Plot £2 appears to be spelt incorrectly
The 2005 Gunpowder Plot £2 commemorates the 400th anniversary of Guy Fawkes’ failed assassination attempt on King James I, but the coin is more familiar to collectors for having a spelling mistake in the edge inscription. The timeless quote “Remember, remember the fifth of November” has been found with various combinations of Pemember, Pemembep, Novemebep and so on. The common factor here is the ‘R’ which appears as a ‘P’.
Sadly for collectors this is apparently not a striking error. The explanation from the Royal Mint is that the down-stroke of the R coincides with the milling around the edge, and as the coin has worn over time, the letter has become less defined. This categorical statement from the Mint means that any mark-up in price for a supposed ‘error’ is completely unjustified, and although it makes the coin more interesting, it is not the mistake which it is often perceived to be.
2007 Abolition of Slavery £2
There is a misconception that there were two types of the Abolition of Slavery £2 coin struck for circulation. It is true that two versions of the coins exist – one has a textured finish whereas the other has a smooth finish and features the artist, David Gentleman’s initials (circled). The key difference is that only the textured version was struck for circulation, and if you find one of the smoother types in your change, you have actually found a coin which has been taken out of a presentation pack. This makes it considerably rarer than the circulating version, so it is worth keeping rather than spending!
1997 Maklouf ‘Queen with a Necklace’ £2
The Maklouf ‘Necklace’ £2 was only issued in 1997
The ‘Queen with a Necklace’ £2 has an enduring legacy in the collecting world. The very first bi-metallic £2 coins were issued in 1997, just prior to the Queen’s portrait change in 1998. This meant that the older portrait by Raphael Maklouf was only used for one year: 1997. His version featured Queen Elizabeth II wearing a necklace, which is how the nickname was derived.
When the portrait change was announced, the new £2 coins were snapped up by collectors believing them to be a future rarity. As it turned out, a mintage of nearly 14 million means the ‘Queen with a Necklace’ £2 is not one of the rarest coins in circulation. Nevertheless, with only one year of issue, it still holds an undeniable interest for collectors.
It’s the little details like these that make collecting so interesting – and hopefully we’ve shed a bit more light on some of the most popular myths. Do you have any of these coins in your collection?
Own the UK 2007 Royal Mint Brilliant Uncirculated Pack
This Brilliant Uncirculated collection features nine coins which were released in 2007, including the Abolition of Slavery £2 coin.
Each coin in the pack is struck to the Royal Mint’s Brilliant Uncirculated quality, ensuring they are in superior condition compared to the coins you find in your change
Click here to buy yours today.
A guide to collecting the UK’s rarest circulating coins
After the interest in last week’s charts, I thought I would go into a little more detail about the coins which came out on top – because when it comes to collecting, there is one fact which is always inevitable – the rarest coins are always in highest demand.
So which coins in your pocket are the rare ones?
- Fifty Pence coins
The Kew Gardens 50p is the rarest coin in circulation
Where else to start but the Kew Gardens 50p? As any change checker knows, it is the rarest coin currently in circulation, with just 210,000 struck. To put that in perspective – the next scarcest designs are the 2003 Suffragettes and 2011 WWF 50ps respectively with a mintage of just over 3 million apiece. The famous Chinese Pagoda of the gardens features on the reverse of the coin and is definitely worth looking for in your change. It remains the Holy Grail of circulation coins eluding even the keenest of collectors.
- Olympic Fifty Pence series
The ‘Offside Rule’ Football design is the rarest in the Olympic 50p series
In celebration of London 2012, the Royal Mint issued a series of 29 different 50p designs – each representing a sport from either the Olympic or Paralympic Games. They have gone on to become some of the most highly sought-after coins and are still frequently hoarded from circulation. The ‘Offside rule’ Football 50p had everyone talking about its innovative design, but it also holds the title of the Olympic 50p with the lowest mintage. Only 1,125,500 were struck, which is marginally more than the Triathlon and Judo designs which are the next rarest in the series.
- One Pound coins
The Edinburgh design is the £1 with the lowest mintage
The £1 coin has not traditionally been a place for one-off commemorative designs, but themes have followed a similar pattern over the years, with the four constituent countries of the United Kingdom being represented in cycles. In recent years, the mintage of commemorative £1 coins has dropped off considerably, and the capital cities series is currently the most scarce. The 2011 Edinburgh design is the only £1 coin with a mintage below 1 million and the Cardiff and London issues follow closely behind. By way of comparison, there were over 443 million Royal Arms Shield £1 coins issued in 1983 alone.
- Two Pound coins
The 2002 Commonwealth Games N.Ireland is the rarest £2 in circulation, but it can be tricky to spot!
The 2002 Commonwealth Games £2 designs are notoriously difficult to find. There are four different versions, all similar, but with a different flag to represent each of the four constituent countries of the UK. You’ll need to look very closely at each flag to know which version you’ve got. The Northern Ireland design is the rarest £2 coin in circulation – only 485,500 were struck. The other three in the series are similarly scarce, so finding any Commonwealth Games £2 in your change is an achievement! Other £2 coins worthy of note include the three Olympic-themed designs; 2008 Handover, 2008 Centenary and 2012 Handover which also have mintages of less than one million.
So the next time you’re flicking through your coins, remember – all coins are not created equal! There are some you should count yourself lucky to have, and if you come across any of the rare coins mentioned in this post – it might just be worth hanging on to them!
Collect your coins with Change Checker
Interested in the designs mentioned in this blog?
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