Posts Tagged ‘The Royal Mint’
The £2 coin that never was…
A £2 coin is a familiar sight to us – the gold coloured outer ring with the silver-coloured inner section is instantly recognisable in our loose change. That bi-metallic style was first issued for general circulation in 1997.
But did you know that the very first version was actually struck in 1994?
Not many people know it exists, but it is highly sought after by collectors.
The reverse design of the trial piece features a three-masted sailing ship – thought to be the Mayflower
The reason this coin has remained largely unknown is that it was only issued as a trial piece, and was never legal tender. Trial pieces are used by the Royal Mint to test the minting process of a new coin, and to help the automatic vending industry re-calibrate their machines in preparation.
Other than the handful given as samples for testing, this trial £2 coin was only ever issued in a presentation pack (pictured) and was billed as “The United Kingdom’s first bi-colour coin”.
The packs contained examples of the outer and inner blanks and a nickel-brass ring to demonstrate the stages of production involved with this innovative new style.
The £2 trial pieces were only made available to the general public in presentation packs
The trialled reverse design features a three-masted sailing ship. Although the ship is not named, it is likely to be the Mayflower, which set sail from Plymouth to America to establish the first permanent New-England colony. The outer ring bears the inscription Royal Mint Trial with the date, 1994.
So, how rare are these 1994 trial £2 coins?
There were just over 4,500 packs issued which makes it an incredibly rare example of a bi-metallic £2 coin.
“…more than 100 times rarer than the
rarest £2 coin in circulation.”
To put that into perspective, the £2 coin with the lowest mintage currently in circulation is the 2002 Commonwealth Games Northern Ireland design. It has a mintage of 485,500. This means the 1994 trial piece is more than 100 times rarer than the rarest £2 coin in circulation.
They are not easy to get hold of, though. If you have one, you are in a very select group of collectors. These packs often sell for well into three figures on auction websites such as ebay. Not a bad return for a £2 coin!
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
Sign up today at: www.changechecker.org/app
The Royal Mint Coin Packs which look destined to become rarities
As every collector knows, an error can add significant value to a coin. You only need to look at the undated 20p saga to realise just how much impact a simple human mistake can have. Those 20p coins with a mismatching obverse and reverse still frequently sell for as much as £50.
But sometimes it also pays to look further than the coin itself for such slip-ups.
Brilliant Uncirculated presentation packs, or BU Packs, are issued annually by the Royal Mint and are a collector’s item in their own right. They contain a full set of uncirculated coins for the year, along with illustrated packaging and more information about each coin.
These packs are equally prone to human errors, and this year has already been an eventful one in that respect.
In fact neither of the £5 coins in the 2015 BU Packs have edge inscriptions
2015 Annual Coin Set
If you were among the first collectors to secure a 2015 UK Coin Pack from the Royal Mint, the likelihood is you’ve been sent one with a printed error.
The specification in these original packs states an edge inscription for both the Battle of Waterloo and the Churchill commemorative £5 coins, but in fact both of these base metal coins have milled edges with no inscription. Once the Royal Mint were made aware of the error, the packaging was promptly changed to remove the text, but of course a significant number of packs had already slipped the net.
The New Portrait BU Pack
A watermark was overlooked in this image of the Queen and Prince Philip
The latest presentation pack was issued recently to mark Jody Clark’s new effigy of the Queen, with all coins featuring his new portrait.
Again, if you were quick to snap up one of these packs you may have noticed a couple of mistakes which were overlooked in production.
The first is an errant photographic library watermark which somehow found its way onto the final packaging, and appears in an image of the Queen and Prince Philip.
Ian Rank-Broadley is mistakenly named as the obverse designer
The second and more surprising mistake to look out for is the specification on the reverse stating Ian Rank-Broadley FRBS rather than Jody Clark as the obverse designer of the new coins.
At the time of writing, we understand the Royal Mint has withdrawn the pack from sale and are awaiting a re-print.
For now, it is impossible to say precisely how rare these packs are, and it is unlikely that the Royal Mint will ever disclose the exact number.
It’s normal to feel short-changed if you’ve bought any item which has a defect. However, if you have recently added one of these error packs to your collection, you have actually secured something which is quite special to collectors, and may turn out to be highly prized in years to come.
Almost half of Change Checkers prefer Machin
Jody Clark’s new effigy of Her Majesty means there have now been a total of five Queen Elizabeth II portraits on our decimal coins, and recently we asked you to pick your favourite of the lot.
Voting is now closed, the results are in, and there is a clear winner…
Machin’s portrait was the clear winner of our poll
With a landslide of nearly 43% Arnold Machin’s portrayal of Queen Elizabeth II was voted as your favourite.
Machin’s portrait was used on British coins between 1968 and 1984 and replaced Mary Gillick’s coronation portrait which had been in place since 1953.
With decimalisation edging closer in the sixties, it was decided to refresh the existing Queen’s portrait in time for the new coinage.
Gillick’s original was a popular and youthful portrayal, but with the Queen approaching 40, a change was needed.
Machin’s portrait appeared on British coins from 1968
Arnold Machin was one of several artists chosen to compete for the new effigy. He was a talented sculptor and tutor at the Royal College of Art when his design was chosen for the second portrait and was granted four sittings at Balmoral and Buckingham Palace to perfect his work. It was approved in 1964 but not seen on our coinage until the very first 5p and 10p pieces of 1968.
Like Gillick, Machin decided against the couped (cut-off at the neck) style which had been so common for previous monarchs. He added draping around the shoulders and replaced the laureate with the Girls of Great Britain and Ireland tiara which was given to Elizabeth from Queen Mary as a wedding gift.
A new era for British coins
So why did Machin’s new portrait become so popular, and why is it still popular with Change Checkers?
For many, it is about what his effigy represents. Machin’s elegant portrayal of a young Queen become synonymous with decimalisation and the beginning of a new era for British coins. Of course, for others it is simply about an affinity with the coins they grew up with.
These days, Machin’s portrait only exists on a few denominations, but even if you haven’t noticed it on our coins, it is probably very familiar to you.
In fact, it is the most widely reproduced single work of art in history.
Machin’s effigy was first used on postage stamps in 1967, and has subsequently been used on almost all British definitive stamps. It is estimated that there have been approximately 320 billion copies produced to date, and this figure is rising daily.
Whilst many of us may not be familiar with Arnold Machin, his portrait has reached more people than he could ever have imagined, and it is evidently still a firm favourite with collectors.
The First Arnold Machin Coins
Now you have the chance to own some of the very first decimal coins to feature Machin’s new portrait.
The First and Last Decimalisation Collector Page includes 14 original coins which allow you to compare decimal and pre-decimal coins in a rare pairing of old and new.