Posts Tagged ‘The Royal Mint’
Why you should be collecting £5 Coins
We’re often asked by Change Checkers what can they collect once they’ve completed their collections of 50ps, £1s and £2s.
Quite simply, there’s only one answer. £5 coins. These are my reasons why:
1. A Treasure Hunt
In the past, collectors were able to get £5 coins from banks and post offices, but nowadays some of the older designs are like gold-dust. And more often than not, new UK £5 issues are snapped up by collectors on release, so it can be quite a challenge tracking down every single one for a complete collection. You can source online, in auctions and of course from Change Checker! We’ve built up some superb stock over the years which we are now making available to collectors.
2. When less is more
In this case – interest. It’s obvious that popular coin issues create instant and on-going demand for a coin, but the same can be said for ‘less interesting’ coin designs. Let me explain…
This may come as a surprise, but a coin that is issued with a less interesting theme or design and is not initially popular with collectors, can be a real hidden gem for coin collections. This is because the less coins that are sold, the lower the final number of units that are available to future collectors.
But whilst most collectors would shy away from unpopular themes, it is these very coins that are likely to become the most sought after in years to come. And the 2011 Prince Philip £5 coin is a prime example…
Back in 2011 a UK £5 coin was issued by The Royal Mint in celebration of the 90th birthday of Prince Philip.
The coins design featured a specially commissioned portrait of Philip by Mark Richards FRBS. Just 18,730 of these coins were struck in Brilliant Uncirculated presentation packs making it one of the rarest £5 coins ever.
And because of this, the coin is extremely sought after by collectors and is virtually impossible to get hold of on the secondary market.
3. Only available for a limited time
As you probably already know, coins with a lower mintage are often the most sought-after by collectors in years to come. And the coins with popular themes are timeless pieces of numismatic history that only become more and more desireable as time passes.
£5 coins are only available for a limited time and when you add to this the intense interest in the event the coin is commemorating (usually important royal events), you have a hugely collectable coin, sought after by collectors from all over the world.
4. Historically valuable
One of the key points Change Checkers look out for when deciding which coins to add to their collection, is the possibility that the value of that coin will increase and we’ve seen it happen many times before with circulation coins. The Kew Gardens 50p for example.
One thing you can be sure of though is the historical interest of £5 coins will be worth more to future generations than the £5 face value now. When you take all the above points into account, there is no doubt that the importance of £5 coins ensures the coins remain sought-after and collectable.
So do you have any £5 coins in your collection? Let us know via Facebook, Twitter or leave a comment below!
Interested in finding out if you own one of the rarest £5 coins? Click here to find out more>>
Exclusive £15 SAVING – Own the FIRST EVER UK £5
The UK’s FIRST EVER £5 coin was fittingly issued to celebrate the 90th birthday of Queen Elizabeth, the Queen Mother.
A limited number of these are available to our collectors at the exclusive discounted price of JUST £9.99 (+p&p) – that’s a £15 SAVING.
Click here to secure your Queen Mother 90th Birthday £5 for just £9.99 (+p&p)
New UK £5 coin issued to celebrate Her Majesty’s 70th Wedding Anniversary
On the 20th November, Her Majesty Queen Elizabeth II and HRH the Duke of Edinburgh will celebrate their Platinum Wedding Anniversary – that’s an incredible 70 years of marriage (or 25,568 days to be exact) and a first in British royal history.
Her Majesty the Queen and HRH The Duke of Edinburgh at their Wedding in 1947
In honour of the occasion, The Royal Mint issued a brand new £5 coin – featuring a specially commissioned double portrait of the couple.
The coin marks the longest marriage in royal history, and a very personal milestone for the couple. But it’s also the RAREST EVER Royal anniversary and is of huge significance to collectors around the world.
The incredibly rare anniversary few of us know about
Although there are no official statistics to back it up, it seems likely that only around 30 couples will join the Queen and Prince Philip in celebrating their Platinum Wedding Anniversary this year. Or to put it another way – just 60 people in the UK will mark 70 years of marriage in 2017 – that literally makes each of them one in a million!
The Royal Mint has commissioned John Bergdahl to create the reverse design of the royal couple on horseback while the obverse features a special conjoined portrait by Etienne Millner.
The royal couple have a love of horses so it is only fitting that the coin depicts the Queen riding her favourite horse ‘Burmese’ with her husband Prince Philip by her side. The special conjoined portrait of Her Majesty the Queen and His Royal Highness Prince Philip on the obverse has been designed by Etienne Millner, a leading figurative sculptor.
So not only does the new UK £5 coin commemorate this incredibly rare milestone, the coin is also one of the most historically important coins issued during Her Majesty’s reign.
For the Queen and Prince Philip their Platinum Wedding Anniversary is the pinnacle of their long list of incredible milestones, and this coin is sure to be sought after by collectors all over the world for years to come.
2017 UK Platinum Wedding CERTIFIED BU £5
To mark the longest marriage in royal history, The Royal Mint issued a brand new UK £5 coin.
The Platinum Wedding £5 coin is protectively encapsulated and Certified as superior Brilliant Uncirculated quality, so you know your coin will be protected forever and guaranteed by its Certified Hologram.
The Jane Austen Polymer £10 notes to look out for…
When the new polymer £5 note was released in September 2016, serial numbers became the talk of a nation. Stories of early serial numbers selling for thousands of pounds were commonplace. An “AK37 007 James Bond Bank of England Polymer £5 note” sold for £5000 – 1,000 times its face value!
A ‘James ‘Bond’ £5 note sold for £5,000 on eBay
So with the release of the new Jane Austen £10 note TODAY, I’ve taken a look at the serial numbers I think everybody will be searching for…
World famous author, Jane Austen, features on the new Polymer £10 note
The first prefixes I considered were JA01, JA75 (Jane Austen’s birth year) and JA17 (the year of Jane Austen’s death).
However, whilst these will likely become popular with collectors in the future, it could be many years before notes with these serial numbers enter circulation due to the huge amount of possible combinations that would come before ‘JA’.
Prefixes on the £5 notes started at AA and there are 60 notes on a sheet, AA01- AA60. For each of these cyphers there are 999,000 serial numbers printed: 000001 to 999000. Therefore for the first AA cypher there’s an incredible 59,940,000 notes!
I know that with the £10 note being larger, there are only 54 notes per sheet but that’s still A LOT of combinations.
UK Bank notes are produced in very large batches (Image: the Bank of England)
So I started looking at the main 8 digit serial numbers and there are certainly some key Jane Austen dates collectors will be looking out for:
- Serial numbers 16 121775 and 18 071817 would represent the author’s date of birth and death respectively.
- Serial number 17 751817 would be her birth and death year combined.
- And true Jane Austen fanatics would know that Serial number 28 011813 is the date that Jane Austen’s most celebrated novel, Pride and Prejudice, was first published.
What others serial numbers should I look out for?
The first is obvious, AA01 notes are the first to be printed and will undoubtedly be popular amongst collectors.
The rest of the AA prefix notes will be interesting to collectors but not necessarily worth a huge amount, although that said, some £5 notes did sell for around £20 last year – four times their face value.
There may well be a rush to find the AK47 serial numbers again and James Bond 007 will likely be popular.
Consecutively numbered notes are always interesting to collectors too, one man sold three consecutive AA01 notes for £456.
Will all the serial numbers be circulated?
Actually, no. The Bank of England will always hold back some of the notes with the earliest serial numbers, donating them to people or institutions that were involved in the development of the note or who traditionally receive a note when a new series is issued. For example, the Queen receives AA01 000001 and the Churchill War Rooms received a new £5 note with serial number AA01 001945, the date that WWII ended.
The Bank of England did offer people the chance to own some of the earliest serial numbers when they held an auction (which raised £194,500 for a number of charities). However, these were not cheap, the earliest note (AA01 000017) sold for £4,150 and the average price for a single £5 note was £865.
Can you request specific serial numbered notes from the bank?
Sadly not. For the launch of the new £5 note 440 million bank notes were printed and these were printed in very large batches.
There will be even more new £10 notes printed than the £5, to service the country’s 48,000 ATMs for example, so it’s just not possible for the bank to separate certain serial numbers.
How much should I pay for a new £10 note?
The simple answer is, it’s completely up to you. An early serial numbered £10 note will be a genuine piece of the country’s history. It’s likely the bank of England will hold another auction of early editions, so if you have the disposable income, why not?!
However, when the polymer £5 note was released we saw a collecting frenzy. The prices people were paying (and demanding) for some of the early notes was vastly inflated and in some cases ridiculous, as Yasmin explained earlier in the year.
Just remember, a year down the line the market has settled and you can now pick up an AA01 note for around £7.00 on eBay.
Exclusive 2017 Jane Austen £2 Coin and £10 Banknote Pack
2017 marks the 200th anniversary of Jane Austen’s death. To celebrate such an inspirational female figure, the Royal Mint and the Bank of England have chosen to honour her on a brand new £2 coin and £10 banknote.
You can own one of the very first Polymer £10 notes issued in perfect mint condition alongside the 2017 Jane Austen £2 Coin issued by The Royal Mint.