Posts Tagged ‘Scarcity Index’
New 50p and 10p entries! Your Scarcity Index Update…
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! And it’s all change once more, as we see some new entrants to our 50p and 10p Indexes…
Following the confirmation of the 2019 mintages at the beginning of the month, we’ve updated our 50p and 10p index to include the Sherlock Holmes 50p, Paddington at the Tower of London 50p, Paddington at St. Paul’s Cathedral 50p, and we’ve updated the total mintages for the A-Z 10p coins.
Whilst these figures have only just been released and we’ll most likely see the effect this has on the Index in the next quarter, there’s been a lot movement across the board in this update…
A-Z 10p Scarcity Index
There’s been another big mix up in our latest A-Z 10p Scarcity Index, with our biggest climber, Q for Queue, jumping up a huge 13 places!
The Yeoman Warder 10p has also knocked the Tea 10p off the top spot where it was sitting comfortably for the previous two quarters!
We’ve seen the Robin 10p climb four spaces – no doubt due to that incredibly low 2019 mintage of just 64,000. This takes the combined 2018 and 2019 mintages for this coin to 284,000.
In fact, all of the lower mintage A-Z 10ps have shot to the top of the index. The Y, Z, and W 10ps all have a 2019 mintage of JUST 63,000 and now all sit in the top 4!
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!
Find out which coins in the series have the lowest mintages here >>
50p Scarcity Index
The top of our Scarcity Index remains consistent with our last update with the Judo 50p sitting just below the Kew Gardens 50p.
However, there’s been a lot of shuffling in the middle and lower third of the index, with the Pentathlon 50p climbing 10 spots and the Taekwondo 50p dropping 10! Last index the Taekwondo 50p climbed 11 so it’s interesting to see it fall back down this quarter.
Now that we have the mintages for the Sir Arthur Conan Doyle (Sherlock) 50p and the 2019 Paddington coins, we’ve seen these enter the index relatively low.
Whilst both coins are relatively common (8,602,000 Sherlock Holmes 50ps entered circulation and 9,001,000 of each 2019 Paddington coins entered circulation) we’re excited to see how the confirmation of their mintages effects their place on our next Scarcity Index update…
£2 Scarcity Index
Once again we’ve seen a reshuffling of the Commonwealth Games coins at the top of the Index, with the Commonwealth Games Wales £2 climbing back into the top 4.
There’s been a fair bit of shuffling around in the rest of the index, with the Florence Nightingale £2 climbing 8 places this quarter! The Act of Union £2 has also dropped 6 places in this update. These are definitely the coins to watch over the next few quarters…
There’s no doubt that the Treasury’s announcement of having no plans to issue any £2 coins into circulation for the next 10 years has caused a bit of shuffling in this index and we’ll no doubt see this effect trickle into the next few 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?
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.
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How much is my coin worth? January 2021 eBay Tracker Update!
Good news Change Checkers – your latest eBay Tracker and Valuation Index is here!
Whilst the secondary market can be a bit of a minefield, we’ve put together an easy way for you to see how much the Top 10 UK coins and banknotes are selling for right now.
eBay Tracker
Find out which coins and notes have been the key movers and shakers in the updated eBay Tracker below.
We’ve seen a huge jump in price for the Undated 20p, increasing by a huge £9! This coin dropped in value in the last eBay Tracker so it’s interesting to see it climb to £50 this month.
This coin is regarded by many as the Holy Grail of change collecting, and back in 2008, the undated 20p saga encouraged an entire country to start carefully checking their coins.
This mule coin came about when the new Royal Shield 20p coins were struck for circulation, with no date on the reverse. The old die was accidentally used, meaning a batch was issued with no date on either side of the coin.
The undated 20p became the first coin in over 300 years to enter circulation without a date and it’s estimated by The Royal Mint that no more than 250,000 coins made it into circulation.
So, there’s no surprises people are prepared to pay a pretty penny on the secondary market to secure one for their collection!
There’s also been an increase in the sold prices of the 2018 Sir Isaac Newton 50p, jumping up by £6.00.
As the 2018 Sir Isaac Newton 50p is a strike your own version, this indicates that collectors are likely heading to secondary markets to get hold of these types of coins, as The Royal Mint Experience remains closed.
With less cash also being used in the past few months because of the current climate, it’s clear this has influenced collector behaviour on the secondary markets too, as people are unable to exchange coins in the same ways they were previously. This therefore drives the price up, as demand for the coin increases.
Additionally, with more time being spent at home and people seeking new hobbies to keep themselves entertained, new collectors are perhaps becoming more aware of rare and collectable coins that might be worth owning and as a result, are heading to the secondary market to get hold of one.
But will we continue to see the price of this coin rise on the secondary market as we head back to a new kind of ‘normal’? Only time will tell and we’ll have to wait for the next eBay Tracker update to find out!
As collectors are unable to source coins in the usual ways due to the current climate, it’s interesting that we’ve seen some big changes this month, as people head to secondary markets to secure coins for their collection.
Valuation Index
Overall, there’s been a 1.3 point increase value for the Top 10 UK coins and banknotes since June’s update and this is no doubt due to the increase in price for 7 of the coins in the tracker.
After an impressive spike in our last update, we’ve seen another increase in January – taking it to the highest we’ve seen since the Tracker started!
My coin isn’t on the eBay Tracker
The eBay Tracker follows the movements of the Top 10 UK coins and banknotes, however if your coin doesn’t appear on the tracker you can use our 6 point guide to help determine realistic a value for your coin.
So now that you’re up to date with our latest eBay Tracker, will you be selling any of the coins in your collection or will you continue to save them? Let us know in the comments below.
How does the eBay Tracker work?
The Change Checker eBay Tracker takes the last 9 sold prices achieved on eBay and gives 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.
Please note that the Change Checker eBay Tracker is only ever designed to be a guide as to prices achieved on eBay. Prices may vary depending on collector demand and the quality of the coin being sold. It does not provide any guarantee as to future values of coins.
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
It’s all change for the 50ps! Your Scarcity Index…
It’s time for your latest Scarcity Index update, where we’ll reveal the UK’s most sought-after circulation coins of the last three months! And it’s all change again for the 50ps this quarter, as one coin drops a huge 15 places!
With less cash being used because of the current climate, it’s likely this is affecting collecting and it seems this has exposed some new trends on the indexes!
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
Well we’ve seen another big mix up for the latest A-Z 10p Scarcity Index update, with our biggest climber, M for Mackintosh, jumping up a huge 12 places!
In our last Scarcity Index, we saw the Tea 10p take the top spot for the first time and it’s retained its title this quarter, closely followed by Y for Yeoman Warder.
Other big movers include the H for Houses of Parliament and F for Fish and Chips, both moving down 16 places towards the bottom of the index.
Regardless of where they feature on the above index, if you have any of the A-Z 10ps in your collection you should consider yourself lucky, as they are particularly hard to come by in circulation and each design has a relatively low mintage (just 220,000 of each design released in 2018 and 2.1 million overall in 2019).
50p Scarcity Index
Previously the Football 50p had held second spot behind the most sought-after 50p in circulation, the Kew Gardens, but we saw it drop last quarter, and this Index, it’s similar story! The Judo, Triathlon and Wrestling 50ps have now all bumped the Football 50p to fifth spot.
This update sees a huge jump for Taekwondo, jumping up 11 places and landing it in our top 10. There are big changes for the Wheelchair Rugby and Athletics 50ps too, dropping 15 and 11 respectively.
Since our last Scarcity Index update, we’ve seen the 2018 Peter Rabbit drop 3 places but the 2018 Flopsy Bunny 50p has jumped up 2 spots. As the two rarest Beatrix Potter 50ps in circulation, it’s interesting to see them shuffle once more. These coins are definitely the ones to watch…
£2 Scarcity Index
For the first time in recent updates, the Commonwealth Games coins have been disrupted at the top of the index. The Olympic Handover has bumped the Commonwealth Games Wales £2 out of the top 4, moving up a place.
As for the rest of the index, there’s been a substantial amount of reshuffling. The Shakespeare Tragedies has dropped 11 places, whilst the First World War (Navy) is up 3!
After the announcement that there are no plans to issue any £2 coins into circulation for the next 10 years, it’s likely we’ll see a further shuffle to the £2 Index over the next few quarters.
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?
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.
Secure the Ultimate A-Z 10p Collector’s Kit to your collection!
The 2018 UK A-Z 10p Collector’s Kit gives you everything you need to collect, display, and protect your collection of A-Z 10p coins as you find them in your change.