Posts Tagged ‘scarce’
What’s so special about the 2015 Britannia £2 coin?
Britannia has a long standing history with British coinage. Having first appeared on a 1672 Farthing during the reign of Charles II, she subsequently featured on a British coin in one way or another for more than 300 years. In 2008 she was surprisingly dropped from the 50 pence piece despite a Daily Mail campaign to save her.
Britannia has appeared on many British coin denominations over the past 300 years.
After a short absence, in February 2015 it was announced that Britannia would be making a triumphant return to British circulating coins. Antony Dufort’s modern interpretation of Britannia was to feature on Britain’s highest denomination coin, the £2, replacing the “technology” design which had featured on the coin since 1997.
Antony Dufort’s modern interpretation of Britannia.
It was a very popular move from The Royal Mint, even the then Prime Minister David Cameron said: “It is great to see Britannia’s welcome return to our currency. Britannia is an enduring symbol of our national identity, ideal to help reinforce the sense of shared purpose and history for Britons.”
However, it wasn’t until 2016 when The Mint released the mintage figures for the 2015 coins that the real surprise was unveiled.
Only 650,000 of the 2015 date Britannia £2 coins had been stuck for circulation, making it one of the most scarce UK £2 coins ever! So scarce in fact that there were fewer of this coin than the England and the Scotland coins from the famous 2002 Commonwealth Games series.
The 2015 Britannia £2 coin is the joint third most scarce £2 in circulation.
The astonishing fact that Britannia had appeared on a circulating British coin in one way or another in an unbroken cycle between 1672 and 2008 was enough to ensure this £2 would be a favourite with collectors. The announcement of such a low mintage figure then created somewhat of a collecting frenzy!
The 2015 Britannia coin remains highly sought after by collectors.
The UK 2015 Britannia £2 Coin
This first-year 2015 £2 Britannia is already one of the most-scarce circulating £2 coins ever issued with just 650,000 coins passing through banks and cash centres.
That places it third equal in the all-time low mintage charts!
2017 Quarter 4 Change Checker “Scarcity Index” Released
Following the launch of the Change Checker “Scarcity Index” early last year, the final 2017 Quarter 4 Index has now been published.
50p Scarcity Index
It’s of little surprise that Kew Gardens maintains its top spot as the UK’s most sought after circulation coin with a perfect score of 100.
The mintage figures for the 2017 50p coins were released just before Christmas and have had an effect on the Scarcity Index scores. Interestingly, the Sir Isaac Newton 50p only scores a 3/100 which is lower than we anticipated. This is mainly due to the large number of Change Checkers who list having the coin in their collection. However, we are expecting this score to increase during the next quarter due to the low mintage figure, of just 1.8 million, driving demand.
Jemima Puddle-Duck remains the most scarce Beatrix Potter 50p, with Tom Kitten and Benjamin also scoring quite highly with a score of 13 and 7 respectively. Tom Kitten and Benjamin Bunny were only released into circulation in December so requests for swaps are high. Mintage figures for these coins are also relatively high so as more people find these coins in their change it is possible these scores will decrease slightly.
Interestingly, the mintage figure for the Jeremy Fisher 50p coin has been released, however the coin is not yet in circulation.
£2 Scarcity Index
There’s not a lot of movement in our Quarter 4 £2 “Scarcity Index” update.
The Commonwealth Games Wales £2 coin takes top spot from the Commonwealth Games Northern Ireland. This is down to the very large number of swap requests for this coin in the last quarter. At 99/100 the Northern Ireland coin is still very scarce (as are the other two coins in the Commonwealth Games series) and it’s very possible it will retake the number 1 spot next quarter.
We are still waiting for the Jane Austen and WWI Aviation £2 coins to be released into circulation, hence why they do not feature on our Index. We await the release of these and their mintage figures with great interest, could they be low like the Sir Isaac Newton 50p? It is possible.
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?
The £1 Scarcity Index has already been published for the Round £1 coins and, because they are no longer being issued, this is now set in stone.
Change Checker Awards 2017…RESULTS!
We launched the first ever Change Checker Awards to celebrate the very best people in the world of change collecting…and you certainly didn’t disappointed!
It’s been a very tough job picking the winners as there were so many strong entries but the decisions have been made and the winners are…
Change Checker of the Year 2017
The winner of Change Checker of the Year 2017 is Robert Durrant!
Robert has been a fantastic Change Checker throughout the whole of 2017.
He was nominated by another Change Checker due to his constant presence on our social media pages and willingness to help others with their collections.
He always has enough time to pass on his incredible knowledge and passion to other collectors.
Robert started collecting from a very early age when the old One Shilling would still be found in your change. He collects both old and new coins, especially any commemorative pieces.
Congratulations Robert – keep up the great work!
Runners Up:
Sarah Nimmo
Sarah was described by the colleague who nominated her as ‘a generous and inspiring collector who gives generously of her time and knowledge’. Sarah’s enthusiasm for change checking has sparked a revolution in her office; nobody who worked for the company collected coins until Sarah joined and now she’s even launched a coin collecting club! Great work Sarah!
John Clarke
John was also nominated by a colleague who described him as ‘a brilliant bloke who’s brilliant at collecting coins!’. He has completed his 50p, £1, and £2 collection and by sharing his love for collecting has now convinced another 4 of his colleagues to start checking their change. He’s also enlisted the help of staff at local shops and garages who check their change for him. Well done John!
Junior Change Checker of the Year 2017
The winner of Junior Change checker of the Year is Candice Clews!
Candice is 16 years old and first became interested in coins around 1 year ago. As she came across more and more ‘unusual’ designs, Candice joined Change Checker and purchased an album for her coins.
She has enlisted the help of her family, friends and online forums and has now finished her 50p collection (minus Kew Gardens), completed the Olympic 50ps, the Round Pounds and has nearly collected all the £2 coins.
She’s gained an almost expert knowledge of both UK and British Territory coins and is always keen to help other collectors whenever possible.
Congratulations Candice, you are a very worthy winner!
Runners Up:
Hamza Mughal
11 year old Hamza started checking his change earlier this year and quickly developed a passion for collecting. He has taken his collection into school and was also awarded the ‘hobbies’ badge at Scouts. Everytime he goes shopping he makes sure that he’s given change that will include £2 and 50p coins! Well done Hamza!
McKenna Kelly
Mckenna is 10 years old and has been collecting since she was small. She is a child with autism and her special interest is collecting coins with different faces on. As well as UK coins, McKenna’s collection also includes coins from around the world and has nearly completed the USA 50 state quarters collection. Many of McKenna’s family now also collect coins due to her enthusiasm. Congratulations McKenna!
Coin Design of the Year 2017
The winner of Coin Design of the Year 2017 is the Sir Isaac Newton 50p designed by Aaron West.
This award was voted for by Change Checkers earlier in the year.
This is the second year in a row that one of Aaron’s designs has won Coin Design of the year, his Great Fire of London £2 coin was voted as the 2016 winner by Change Checkers.
It’s a huge achievement given the fantastic coins that were released in 2017. Will Aaron make it a hattrick in 2018? He’s certainly going to be hard to beat.
Coin Photo of the Year 2017
The winner of Coin Photo of the Year 2017 is ‘Gold and Silver Medal’ by Kerry White.
Kerry’s photo was the winner in the ‘Sport’ category and is a beautiful image. It utilises the 2012 Olympic 50p coins and has the 2008 Olympic Handover £2 coin at the centre.
Set against a black backdrop, the coins stand out perfectly creating a lovely medal image.
The 4 finalists were voted for by Change Checkers and the winner was chosen by our panel. Congratulations to our 3 other finalists.
Coin Story of the Year 2017
The winner of Coin Story of the Year 2017 the ‘Dual-Dated £1 Coin’ written by journalist Henry Saker-Clark for the Hull Daily Mail.
On the 13th June a story broke of a 12-sided £1 coin with two different dates. The coin has 2016 on the obverse and 2017 micro engraved on the reverse.
This was the first 12-sided £1 coin ‘error’ that anybody had heard of and once it had been verified by The Royal Mint as a genuine ‘mule’ the story went national. Picked up by all the major newspapers it quickly became the biggest UK circulation coin story of 2017.
A huge congratulations to all of our winners and also to all the fantastic entries we had for all the categories. We’d like to thank each and every one of you for your continued support in 2017 and hope that 2018 is a fantastic year of Change Checking for you all!