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
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
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.
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.
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?
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
You might remember our blog from last year reviewing 2016 coin mintages, but we’ve also updated our Change Checker Guide to UK coin mintages which includes all the details we have so far on the coins issued in 2017.
Have you managed to find any yet?
Not surprisingly, Kew Gardens remains king of the 50p coins, with Jemima Puddle Duck also sitting in top three, however a new contender has knocked this sought-after Beatrix Potter 50p off second spot, as the 2017 Sir Isaac Newton 50p takes 2nd place just below Kew Gardens.
The 2017 Sir Isaac Newton 50p was issued to commemorate the achievements of one of the most influential scientists of all time and a key figure in the scientific revolution, as well as being master at The Royal Mint for three decades. Although this coin comes nowhere near to the Kew Gardens’ scarce mintage of 210,000 and is closer to Jemima Puddle Duck’s mintage of 2,100,000, still only 1,800,000 of these coins were minted, meaning our top three each have at least 1 million less coins in circulation than any other 50p.
Other newcomers to our updated UK mintage guide include the 2017 Beatrix Potter coins – Jeremy Fisher, Tom Kitten, Benjamin Bunny and Peter Rabbit. These four coins have fairly high mintage figures, with Peter Rabbit in fact having the highest mintage figure of all circulation 50ps at 19,300,000. This is thought to be due to the staggering popularity of the 2016 Beatrix Potter coins and high demand for the Peter Rabbit coin in particular. It will be incredibly interesting to see what the mintage figures for the 2018 Beatrix Potter characters will be.
But what about the 2017 £2 coins?
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. We will of course be the first to update you as soon as we have more information on these coins.
So far in 2018, seven new 50ps have been released, including the Representation of the People Act, Peter Rabbit, Flopsy Bunny, Tailor of Gloucester, Mrs Tittlemouse, Paddington at the Station and Paddington at the Palace. As far as we’re aware the coins have not entered circulation and therefore we don’t expect the mintage figures to be released for quite a while.
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