Posts Tagged ‘Scarcity Index’

The FIRST EVER A-Z 10p Scarcity Index!

The latest Change Checker Scarcity Index update of 2018 is here and excitingly, we have now been able to put together our first ever A-Z 10p Scarcity Index!

This information has been compiled using data from the third quarter of the year and presented in the easy to use indexes below to help you track the performance of your coins.

 

FIRST EVER A to Z 10p Scarcity Index

As more coins are starting to appear in circulation and Change Checkers are adding them to their collection, we are now able to use this data to put together the very first A-Z 10p Scarcity Index.

Q3 2018 A Z Scarcity Index 1 480x1024 - The FIRST EVER A-Z 10p Scarcity Index!

Initially, 2.6 million A-Z 10p coins were released, however recent news has revealed that another 2.6 million coins have now entered circulation! Therefore, we have estimated a mintage figure of 200,000 for each design in order to put together this index, combining mintage figures with the number of each coin listed in Change Checker’s collections and the number of each coin requested to swap by Change Checkers.

The clear front runner is Z -Zebra Crossing, sitting 24 points ahead of the second place coin, M – Mackintosh. Whilst everyone seems to be struggling to find the A-Z 10ps, these top few coins appear to be the hardest to come across so far, whereas S – Stonehenge, K – King Arthur and A – Angel of the North seem to be the most common. A – Angel of the North was actually the top design for the A-Z 10p Swap Index, suggesting it is most popular and therefore being swapped more often if people are finding multiples of this design.

It is only early days in terms of creating a fully accurate Scarcity Index for these coins, as we still await confirmed mintage figures for each design, and of course it is possible that this may change as more coins are found in circulation.

 

50p Scarcity Index

Q3 50p Olympic 50p Scarcity Index - The FIRST EVER A-Z 10p Scarcity Index!

We’ve seen a lot of movement on the 50p index this quarter, possibly due to the high numbers of 2017 Beatrix Potter 50ps which have now entered circulation.

The Battle of Britain and 2016 Beatrix Potter 50p have both jumped up the index, but the most significant increase goes to the 2017 Sir Isaac Newton 50p, which actually has the second lowest mintage figure for any commemorative 50p in circulation. This coin has moved up 12 places this quarter, and I wouldn’t be surprised to see it continue to improve.

Of course, Kew Gardens still remains the most scarce UK 50p coin with a mintage figure of just 210,000 and in fact, our top 6 coins have remained consistent since last quarter.

 

£2 Scarcity Index

Q3 2018 2 Scarcity Index 1 550x1024 - The FIRST EVER A-Z 10p Scarcity Index!

We’re still waiting on the 2017 WW1 Aviation and Jane Austen £2 coins to enter circulation, and so there hasn’t been much movement for the £2 index this quarter.

The ever popular Commonwealth Games £2 coins remain at the top, although Wales has now moved down to become the least popular of the four. Our final 8 remain consistent and the only major movement goes to the Wireless Transmission £2 coin, which has fallen 7 places down the index.

We’re eagerly awaiting the newer coins to enter circulation, which I’m sure will then cause a significant re-shuffle of the leaderboard!

 

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 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.

 


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - The FIRST EVER A-Z 10p Scarcity Index!

Sign up today at: www.changechecker.org/app

How rare is my £2 and how much is it worth?

Since the first very bi-metallic £2 coins were released back in 1998, there have been over 40 UK £2 coins in circulation! Many of these coins commemorate key moments in Britain’s history and heritage.

But with so many in circulation, how can you tell which are the ones to look for?

Luckily for you, we’ve done the leg work and compiled a number of resources to help you determine how rare your £2 coin is and how much it might be worth.

Mintages

A key tool for working out how rare your coin might be is our £2 mintage chart. Generally speaking, the lower the mintage, the rarer the coin and the harder it will be to find in circulation.

Here are the most up to date mintage charts for UK £2 coins in circulation, with the UK’s rarest circulation £2, the 2002 Commonwealth Games Northern Ireland sat in top spot with the lowest mintage figures of just 485,500.

We haven’t been able to include the 2017 Jane Austen £2 or the  WW1 Aviation £2 coins in our charts yet as the mintage figures are yet to be released, however you can view our previous £2 mintage figures here. There hasn’t been any feedback from Change Checkers finding these coins in circulation but we’re hoping they’ll turn up soon and do let us know if you find any in your change!

Click here to read more about the 50p mintage figures >> 

Change Checker Graph 2 Pounds 03 2 461x1024 - How rare is my £2 and how much is it worth?

eBay Tracker

To help you determine the value of your coin, we’ve created our eBay Tracker, which takes the last 9 sold prices achieved on eBay and gives you the median price achieved (rounded to the nearest 50p). By taking the median, rather than an average, we avoid skewing created by one or two excessive prices achieved.

Here’s the top 5 highest selling £2 coins from our eBay Tracker, with the Commonwealth Games Northern Ireland sitting on top spot as the highest selling £2followed by the Commonwealth Games England and Wales respectively. In 4th place is the 2017 Jane Austen £2. Mintage figures for this coin have not yet been released and collectors don’t seem to have found the coin in their change, which seems to have made the coin very popular to buy on eBay, but will you wait to find this coin when it enters circulation?

Click here to see our full eBay Tracker >>

Ebay Tracker Price Info 02 2 Pounds 1 - How rare is my £2 and how much is it worth?

*Accurate as of June 2018

Scarcity Index

To give you a complete picture of how your coin compares to other £2 coins in circulation, we have combined the mintage information with two other key pieces of information to provide the Change Checker Scarcity Index:

  • 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.

Here’s our most recent Scarcity Index for £2 coins, with yet again the Commonwealth Games Northern Ireland coming in on top as the most scarce £2. Where does your £2 rank on the Scarcity Index?

See the full Index here >> 

2 Scarcity Index 569x1024 - How rare is my £2 and how much is it worth?

Hopefully these tools will enable you to get a more realistic picture of how rare your £2 is and how much it might be worth. Of course, these figures will change in time as the latest £2 coins are released into circulation, so stay up to date with all our latest coin news and information.

Have you found any rare coins in your change recently? Let us know in the comments below.


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - How rare is my £2 and how much is it worth?

Sign up today at: www.changechecker.org/app

UPDATED: The results of our latest Scarcity Index are in…

The latest Change Checker Scarcity Index update of 2018 is here and the results are in…

The 50p and £2 Scarcity Indexes have been compiled using data from the second quarter of the year.

As per our previous quarter, you can now use our new feature to help you track the performance of your coins. The arrows signify how many places, up or down, a coin has moved on the Scarcity Index; any coins with a yellow star are making their first appearance after having been released into circulation.

 

50p Scarcity Index

50p and OLY 50p Scarcity Index 967x1024 - UPDATED: The results of our latest Scarcity Index are in...

 

Not surprisingly, Kew Gardens still remains the most scarce UK 50p coin with a mintage figure of just 210,000. There has been a lot of movement this quarter, with significant improvements in the performance of Sir Isaac Newton, Rowing and Canoeing. 

On the other hand, both Girl Guides and Tom Kitten have seen less interest, with both coins moving 9 points down the Index.

Our top and bottom 6 coins seem to remain consistent for now, although there is always the potential for change as new coins enter circulation, and we’ve had a number of new releases recently that could mix things in up…

 

£2 Scarcity Index

2 Scarcity Index 569x1024 - UPDATED: The results of our latest Scarcity Index are in...

 

Although the 2017 WW1 Aviation and Jane Austen £2 coins are yet to enter circulation, we’ve still seen some movement amongst the current coins in our Scarcity Index.

The ever popular Commonwealth Games Northern Ireland £2 regains its place at the top after a briefly being replaced by Wales. Another strong improvement goes to Trinity House, which has also moved up the Index 4 places.

On the other end of the spectrum, the Rugby World Cup and Florence Nightingale coins have moved down the Index this quarter, with Florence Nightingale dropping an impressive 8 places. This is due in part to a lack of Change Checkers requesting to swap these coins, however we wouldn’t be surprised to see these coins creeping up the Index in the next quarter.

 

What about the A to Z 10p coins?

Unfortunately, at present, there is simply not enough data to accurately compile a full A to Z 10p Scarcity Index. However, we have put together a ‘Swap Index’ using data from the Change Checker App which we feel is the most accurate way currently to determine which A-Z 10ps are most sought after.

 

A Z 10p Swap Index June 18 page 001 657x1024 657x1024 - UPDATED: The results of our latest Scarcity Index are in...

 

Our top two coins (A for Angel of the North and E for English Breakfast) are very clearly the most sought after, with  L for Loch Ness Monster coming in third. Speculation as to why people might be collecting certain designs is three pronged: 1) Perhaps people are looking for A to start their collection at the beginning of the alphabet. 2) They could be looking for coins that match their initials. 3) People might be collecting the coins based on which design/theme is their favourite.

 

podium A Z 1024x625 - UPDATED: The results of our latest Scarcity Index are in...

Initially, a limited stock of 2.6 million A-Z 10p coins were released into circulation through the Post Office network to coincide with the release of the designs in March. It has been no surprise that these have been quickly snapped up by eagle-eyed change collectors.

As more coins enter circulation and are found, we will begin to see more data emerge and a full Index for these coins will be compiled.

 

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.

 


If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Change Checker Web App Banner 2 Amends 1024x233 1 1024x233 - UPDATED: The results of our latest Scarcity Index are in...

Sign up today at: www.changechecker.org/app