Posts Tagged ‘UK Coins’
Queen Victoria – Around the World on Coins…
Cast your imagination back to the 19th century… Queen Victoria ruled 400 million people in an empire that covered almost a quarter of the world’s surface!
With a name and title famous across the globe, it may come as a surprise to you that Queen Victoria never actually stepped foot in many of the countries she ruled over.
India was held with such high regard in Victoria’s heart that it became known as the Jewel in the Empire’s crown. In 1876, India awarded her the title of ‘Empress of India’ in a gesture of appreciation.
Although having never stepped foot in the country and living 4,500 miles away, Victoria’s portrait was minted on to the currency of India (the rupee) from 1840, so people could recognise their empress!
The rupee is one of the oldest currencies in the world, so to feature a British monarch for the first time was an important moment in numismatic history.
The later portrait issued on rupees, similar to the Gothic Head effigy, can be considered one of the most beautiful coins of the empire.
A 22hr flight to Australia seems a long journey now but for Queen Victoria, a trip to this corner of the world would have taken her almost two months to get there!
So, there’s no surprises this was also a country that she never visited. However, the need for a British presence in the country was growing with the empire; as the empire grew, so did the need for coins. The Royal Mint opened branches in Australia and in 1855, a sovereign was minted outside of the UK for the first time – the Sydney sovereign.
It featured a portrait of Victoria that was based on the Young Head effigy, but with a sprig of banksia weaved through Victoria’s hair, giving the portrait a distinct Australian feel.
The Sydney sovereign became incredibly successful and a number of Royal Mint branches were opened throughout Australia as a result. To identify the Mint that sovereigns were produced in, mintmarks were added to the coins, with a small ‘P’ for Perth, and an ‘M’ for Melbourne.
The sovereign became legal tender in the majority of British colonies in the 1860s, and its importance in British trade, and worldwide circulation earned it the title “the King of Coins”. By the final years of the British Empire, the sovereign was minted in four continents across the globe.
India and Australia weren’t the only countries that saw Victoria’s portrait. Her image also reached as far as Hong Kong, Ceylon, East Africa and New Zealand. In 1870 the first Canadian dollar with Victoria’s portrait was issued, taking Victoria’s image to a new side of the world for people to see.
Despite never leaving Europe, Queen Victoria’s portrait and image stood strong on coins around the world. Whilst she never stepped foot in many of the countries that she ruled over, that didn’t stop people recognising her image around the world.
The coins that they used every day provided a link to the empire that they were a part of, despite the miles between them.
If you’ve found this blog informative and have enjoyed reading, let us know in the comments below!
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Is time up for our 2ps? Production of 2p and £2 coins could be halted for the next 10 years!
In March 2015, the UK treasury confirmed that 1p and 2p coins will continue to be used “for years to come”. However, it has recently been suggested that due to a cash usage slump, The Royal Mint is set to go ten years without producing anymore 2p coins!
But it’s not just our coppers at stake.. The same applies for £2 coins, as it has been revealed that in March 2020, The Royal Mint was sitting on 26 times as many £2 coins as it needed to.
According to the National Audit Office’s report into Britain’s cash usage, the number of coins produced each year by The Royal Mint fell by nearly two-thirds between 2011 and this year.
Less than a quarter of all payments were made by cash last year, according to figures released in June by the banking trade body UK Finance.
It’s fair to assume that even less cash has been used since the start of 2020 due to the coronavirus leading to fears of cash usage and a move to more contactless payments.
However, The Mint told Britain’s spending watchdog that there had been ‘sharp increases in demand’ for change ‘as many businesses and consumers hoarded coins in the early months of the pandemic’.
As a result, the Treasury ordered The Royal Mint to strike 60 million additional 1p coins over the summer to meet this new demand. So make sure you keep your eyes peeled for these new 1p coins, especially if you’re collecting dateruns!
The Royal Mint are required to forecast the demand for small change to ensure it keeps enough coins in stock without striking too few or too many, but with significant fluctuations in consumer behaviour in recent years, this has no doubt been a challenge.
In 2017, after the introduction of the new 12-sided £1, The Royal Mint saw a swell in its coin stocks as people rushed to return their round pounds, ending up returning loose change of other denominations at the same time.
According to the NAO, at the end of March, The Royal Mint aimed to hold 700,000 £2 coins, but actually held 18.7million. And rather than holding its target of 15.9million 2p coins, it held 127.1million.
As a result, in March of this year, The NAO said The Royal Mint had estimated ‘it did not envisage producing any new 2p or £2 coins for at least 10 years’.
We haven’t seen a £2 enter circulation since 2016, so, could this mean that those 2016 dated £2s and 2017 dated 2p coins are the last of their kind? We certainly hope not.
But what about our coppers? Do you think we still need 1p and 2p coins in circulation? Have your say by voting in our poll on Facebook.
And what could the future for Britain’s definitive coinage be if the 1p and 2p coins were removed? Currently the definitive coins from 1p to 50p come together to create The Royal Shield, but with two key pieces missing, could this lead to a complete re-design?
We’d love to hear what you think about the use of cash vs card and the demand for our smaller denominations, so leave us a comment below to share your thoughts.
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75th Anniversary of the End of the Second World War commemorated on BRAND NEW £5 coin!
2020 marks the 75 years since the end of the Second World War and in commemoration this brand new UK £5 coin has been issued, honouring the struggles and sacrifices made to achieve lasting peace.
Designers Matt Dent and Christian Davies have included the words ‘WAR’ and ‘PEACE’ on the reverse of this coin. This brand new £5 coin’s design was said to be inspired by stone war memorials, paying tribute to the millions of lives lost during the six years of conflict.
To mark this special anniversary, this £5 coin has been issued in a number of different specifications, including Brilliant Uncirculated quality for just £10.99 (+p&p).
Victory in Europe and Japan
Whilst Victory in Europe (VE) Day in May 1945 marked the start of the end of the war, in the Far East, Japan was yet to be defeated and the war raged on for three more months.
Atomic bombs were used by American forces, which largely destroyed the cities of Hiroshima and Nagasaki on August 6th and 9th and left devastating effects of nuclear radiation for decades to come.
Although he never used the word ‘surrender’, the Japanese emperor Hirohito announced on the 15th August 1945, that he had told his government to accept the demands of the Allies and thus, over Asia and the Pacific, Japanese troops began to lay down their weapons.
This announcement marked the official end to the Second World War for all countries and nations involved.
To celebrate the 75th anniversary of this day and the end of the Second World War, The Royal Mint have issued this brand new £5 coin to preserve the history of this momentous day for generations to come.
But this new release isn’t the only UK coin to commemorate past military conflicts or battles…
2020 UK Victory in Europe Day £2
Issued by The Royal Mint, this 2020 VE Day £2 features a woman holding a newspaper aloft in a crowd of celebrating people, set against a backdrop of the word VICTORY.
2020 marks a particularly poignant anniversary as we celebrate 75 years since Victory in Europe Day. Many celebrations had been scheduled to mark this joyous occasion, including rescheduling the Early May Bank Holiday to the 8th, but were not able to take place due to the pandemic.
In place of the big parties that were planned, people took to their doorsteps to sing and raise a glass over their fence with their neighbours!
The edge inscription of this coin reads ‘JUST TRIUMPH AND PROUD SORROW’ which is incredibly fitting for a coin which marks such a historic anniversary.
2019 D-Day Landings £2
D-Day was the largest seaborne invasion in history. It took place on 6th June 1944 and began the liberation of German-occupied France during WWII, laying the foundations of the Allied victory.
Designed by renowned Royal Mint engraver, Stephen Taylor, this coin was issued in 2019 to mark the 75th anniversary of the D-Day landings. It features arrows each pointing across the English Channel to Normandy. Each arrow also has one of the code names used for each of the beaches where Allied troops landed – Utah, Omaha, Gold, Juno, and Sword.
This £2 coin is a timeless tribute to the thousands of Allied troops who fought tirelessly and sacrificed their lives to make the Normandy landings a success.
2015 Battle of Britain 50p
The Battle of Britain was an intense air battle fought mainly throughout the summer of 1940 between Germany and Britain. The name for the conflict was derived from a Winston Churchill speech in which he said “The Battle of France is over. I expect the Battle of Britain is about to begin”.
Ultimately it was a decisive victory for the RAF and Britain, and crucially it was the first time Germany had faced defeat in World War Two. The reverse design of this commemorative 50p depicts three airmen scrambling towards their planes.
This coin has a circulating mintage of 5,900,000.
2018 First World War (Armistice) £2
Armistice marked the start of the end of the First World War and the victory of the Allies on the eleventh hour of the eleventh day of the eleventh month in 1918.
In 2018, to commemorate the 100th anniversary of this significant victory, The Royal mint issued this £2 coin. It was issued as part of a commemorative £2 coin series from 2014-2018 to mark the centenary of the First World War.
The reverse was designed by Stephen Raw and features the words ‘The truth untold, the pity of war’, from the Wilfred Owen poem Strange Meeting. The words stand out on a mud-like background in the centre of the £2.
2018 RAF £2 Series
The Royal Air Force was formed on April 1st 1918, in the early years of aviation. It was the world’s first independent air force, and is recognised today all over the world for its capability, courage and innovation.
In 2018, a series of £2 coins were issued, including the coin pictured above, commemorating the centenary of the RAF’s establishment.
Each stunning design features an iconic RAF aircraft, from the modern F35 Lightning to the famous Spitfire, with the first coin in the series being this £2 coin, which celebrates the Royal Air Force as a whole.
The reverse features a design by Rhys Morgan of the Badge of the RAF – an eagle flies in front of a circle inscribed with the official motto ‘Per Ardua Ad Astra’, which is Latin for ‘Through adversity to the stars’, with the Imperial Crown at the top.
If the popularity of previous military themed coins is anything to go by, we’re expecting this brand new £5 coin to be a firm favourite with collectors!
What’s your favourite military coin that you have in your collection? Let us know in the comments below.
