Posts Tagged ‘worth’
It’s time for Tea! Your Scarcity Index Update…
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 A-Z 10ps, as Tea establishes itself in top spot…
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 a new leader taking top spot!
In our last Scarcity Index, we saw B for Bond knocked off the top spot by the NHS 10p, but now we’ve seen both of these coins move further down the pack, by 11 and 4 points respectively. The Tea 10p takes the top spot for the first time and Bond now sits at the lowest we’ve seen since our A-Z 10p Scarcity Index started!
Other key movers to keep an eye on are the Y for Yeoman Warders and G for Greenwich Meantime 10ps, both moving up the index by 8 places.
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
We can’t quite believe it, but it looks as though the Olympic Football 50p has been knocked off second place by the Judo 50p this quarter! However, it’s not done enough to take the top spot, as it sits 18 points behind the scarcest 50p coin in circulation, the Kew Gardens. But, are you lucky enough to have the Judo 50p in your collection? Let us know in the comments below.
There’s been quite a lot of shuffling around with the Olympic 50ps, with Table Tennis moving up the index by 16 places! Although, it’s definitely worth noting that all of the Olympic 50ps are particularly sought-after due to their low mintage figures and an estimated 75% have been removed from circulation by collectors, making them even harder to get hold of.
Since our last Scarcity Index update, we’ve seen the 2018 Peter Rabbit climb 2 places but the 2018 Flopsy Bunny 50p has dropped down by 4 places. As the two rarest Beatrix Potter 50ps in circulation, it’s interesting to see them move in opposite directions on the index, so we’ll be keeping our eye on these over the next quarter…
£2 Scarcity Index
The top five coins on the £2 index remain strong, with the Commonwealth Games Northern Ireland keeping its position at the top, now 20 points above the second most sought-after £2 coin in circulation.
There’s been a slight reshuffling on the top half of the index, with the Commonwealth Games England and Scotland, switching positions from the last index! We’ve also seen the King James Bible £2 jump up 4 places, bringing it 6th position.
In the bottom half of the index, there’s been some big shakers! The Shakespeare Histories £2 has dropped a huge 13 points, pushing into the penultimate spot, and Florence Nightingale has also dropped by 6 points!
We’re yet to see any new £2 coins in our change since demand has been so low, although I’m sure I speak for many collectors when I say we eagerly anticipate the release of new £2’s into circulation, hopefully in the near future.
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 your collector pack for the UK 2016 Beatrix Potter coins for JUST £3.50! (+p&p)
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
How much is my coin worth? June 2020 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.
It seems as though the popularity of the 92/93 EEC 50p has rocketed in the past few months, as it has increased in price on the secondary market by a staggering £34 – that’s a 74% jump!
There’s no denying that the UK’s withdrawal from the European Union on the 31st January 2020 and the incredibly popular 2020 Brexit 50p, have played a massive part in the increase of interest for this coin.
It was issued to celebrate the UK’s presidency of the European Council of Ministers and has a mintage lower than the Kew Gardens 50p (just 109,000!)
The Kew Gardens 50p has also seen another rise in price on the secondary market, taking it up to a huge £155.50 – a £35.50 increase since our last update!
With less cash being used in the past few months because of the current climate, it’s likely collectors are heading to the secondary market to get hold of certain coins, rather than waiting to find them in their change. 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!
Other coins to keep an eye on are the 2015 Britannia £2, which has increased in price by 14% since our last eBay Tracker update and the 2018 Sir Isaac Newton 50p, which has increased in price by £4.
Valuation Index
Overall there has been an 18% increase in value for the Top 10 UK coins and banknotes since January’s update and this is mostly due to the impressive spike in price for both the 92/93 EEC 50p and the Kew Gardens 50p.
This is the biggest increase we’ve seen since the tracker started and the first time since January 2018!
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
Sign up today at: www.changechecker.org/app
How much is my polymer £20 note worth?
*** UPDATE ***
With the impact of Covid-19 meaning less people are using cash, it seems older, paper banknotes aren’t being cashed in! According to reports, 24.5 billion paper banknotes are still out there!
Whilst the paper £20 is technically still legal tender, the new polymer notes have been causing quite a stir in the collecting community.
Back in 2016, the first-ever polymer banknote was issued to replace the paper £5 note, with a cleaner, safer and stronger alternative.
Since then, we’ve seen the introduction of the polymer £10, featuring the portrait of Jane Austen and this year saw the issue of the polymer £20 note, featuring JMW Turner’s portrait.
We’ve seen the £5 and £10 notes prove incredibly popular with collectors, with particular notes selling on eBay for way over face value!
But what makes a banknote collectable? Well… It’s all to do with serial numbers!
We previously listed the serial numbers that you should be looking out for on the Polymer £20 note, from AA01 to AK-47, and unsurprisingly, some are proving more popular than others, but which ones are likely to fetch the most on the secondary market?
Well, we’ve done the hard work for you by taking a look at which polymer £20 note serial numbers are selling for the most on eBay and which ones you should be looking out for.
‘Rare’ polymer £20 banknotes
Recurring numbers
If you’ve been lucky enough to find a £20 note with a series of recurring numbers, like the 777777 serial number, you may want to keep hold of it as we’ve seen some which are currently selling on eBay for around £400 – over 20 times its face value!
Similar serial numbers have sold for prices within the same range. The 333333 serial number also sold for £400, so it seems collectors everywhere are desperate to get their hands on a recurring number note!
Another type of serial number you should be keeping an eye out for, is a ‘ladder’. These are serial numbers that have consecutive numbers, like this ‘001122’ note.
One lucky collector got his hands on this note but at a hefty £529… Other ladder numbers include ‘012345’ and these could currently fetch you a very respectful £350 on the secondary market!
AA numbers
As with previous polymer note issues, the lower serial numbers for the new £20 have proven popular with collectors, with the current average selling price for the AA notes coming in at £40! That’s two times the note’s face value!
At the annual Bank of England charity auction held at Spink and Son Ltd in London the very first polymer note, the £5, with the serial number AA01 000017 auctioned for £4,150! However, this year, the £20 note with serial number AA01 000010 sold for a staggering £7,500, over FOUR times its starting price!
AK47
Considered collectable due to the machine gun connotations, polymer notes with the prefix AK47 were thought to be worth well over face value following the new £5 release in 2016.
A quick look at the most recent eBay sold prices for this serial number, on the new £20 note, show that people are willing to pay £11 over its face value!
What about the £50 note?
The Bank of England will be issuing a new polymer £50 in 2021 featuring the scientist Alan Turing.
We can’t wait to see the new polymer £50 when it’s issued!
So there we have it, the current selling prices for your polymer £20 notes! With less cash being used during the current climate and therefore less notes in circulation, it’s possible this has added to the collectability of these new polymer £20 notes.
Are you a banknote collector and if so, which notes do you have in your collection? Let us know in the comments below!
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