How much is my coin worth? – A five point guide.
How much is my coin worth? It’s a question I’m asked multiple times each day, and with some coins selling for many times their face value, I understand why you’d be keen to know.
The truth is, it’s very hard to tell you exactly what your coin is worth as it depends on so many variants. Coins are no different to any other kind of collectible in many ways; there are certain criteria which you should always look out for, which can help you to determine how collectible or valuable your coin is.
Often it’s a very difficult question to answer but with a little bit of detective work you should be able to work out an accurate value for your coin. I’ve put together some useful tips, in our 5 point guide below, to get you started:
1. Change Checker Scarcity Index
The first place to start is our Change Checker Scarcity Index. I believe this to be the single most accurate way of determining how scarce your coins are. Whilst it doesn’t give you an actual value we know that the value of a coin is directly linked to scarcity.
The Change Checker Scarcity Index is a very useful tool to help value your coin
Historically, when trying to determine the scarcity of a coin, the mintage figure was considered the most accurate indicator. Whilst the mintage figures are undoubtedly important, our Scarcity Index also takes into consideration some very useful data from our Change Checker web app.
We combine 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.
It’s very simple to work out how scarce your coin is, each coin is given a score out of 100, the higher the score the more scarce that coin is.
2. eBay is best
Once you’ve determined the scarcity of your coin the next step would be to take a look at what has recently sold on eBay. It’s very important that you make sure you look at ‘recently sold’ coins and not just those that have been listed. Essentially, anybody can list a coin on eBay and charge whatever amount they wish.
By checking the recently sold items (and I’d suggest you look at the previous 3-5 coins sold) you will get an accurate indication of what people are willing to pay for a particular coin.
Make sure you look the ‘Sold Listings’ on eBay to check the price people are paying for coins.
Also, if you are looking to sell any coins in your collection, I’d definitely recommend eBay as the easiest, and importantly, the most secure platform to do this.
3. Are your coins still available to buy in BU quality?
Next, it’s worth checking if the coin in your collection is still available to purchase in superior Brilliant Uncirculated quality from an official Royal Mint distributor. If it is still for sale, it’s unlikely that people would purchase a circulation quality coin for the same price.
If Brilliant Uncirculated coins are still available to purchase, it’s unlikely people will buy a circulation quality coin.
If there are no longer any BU coins available to buy, this will work in your favour as collectors will then look for circulation quality coins to add to their collections.
4. Coin condition
It’s definitely worth checking the condition of your coin as this will, almost always, have an effect on the value. It’s no surprise that collectors favour the more pristine coins to those that are showing signs of wear and tear due to circulation.
The condition of your coin will likely affect its value.
However, your coin’s condition is not the be all and end all; it’s very rare to find a circulation 2002 Commonwealth Games £2 coin in good condition yet these sell for many times their face value.
5. Is there a story?
This can often tie-in with rarity, as the coins with a good story behind them tend to be the ones which are difficult to get your hands on! The “undated 20p” is a recent example of a such a coin. It is known as a ‘mule’ – a coin with a mismatched obverse and reverse (heads and tails). The name derives from a mule being the hybrid offspring of a horse and donkey.
The ‘undated 20p’ generated a huge amount of media coverage resulting in coins selling for many times their face value.
In 2008 when the reverse of the 20p coin changed to the new Royal Shield design, approximately 100,000 coins were accidentally struck with the previous obverse die and therefore there was no date on the coin.
In a similar way to the Kew Gardens story, some of the prices being quoted as a result of media coverage were extraordinary. Mules are highly sought after by collectors, and an undated 20p will certainly be worth more than its face value in years to come.
It’s always good to remember that if your coin is legal tender, it will always be worth at least its face value.The good news…
That’s why I think change collecting is the best hobby you could have!
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
Hi I’ve got two coins one 2012 Olimpics kayaking and one Benjamin Britten coin.
Please could you tell me their value
Thanks!
Hi Jeff, unfortunately we do not offer a valuation service, but if you have a read of the blog it’ll tell you how to get an accurate value for your coin. Thanks Luke
I have a boxing 2012 Olympics 50p and a paralympic wheelchair bowls 2012. Are they collectable
I have a maundy fourpence is this coin worth anything please ?
Thank`s for all the useful information Luke, just thought I`d mention My 1986 £2 coin , commemorating Scotland hosting the Commonwealth games. I had it in change for £5 note & it`s the only one I`ve ever seen , I expect they were all hoarded. Is it likely to have value do you think?
Hi Michael, This depends on a number of factors including the condition of your coin. I would suggest having a look at the ‘Sold Listings’ on eBay to see what similar coins have recently sold for. Thanks Luke
Thank you luke. Michael.
How much is £5 note AK 47 00088
Hi Pat, In the blog it tells you some easy steps to take to determine the value of a note or coin. Thanks Luke
You will get 50 pence for it. Lots for sale and they seldom sell.
I have a miss tiggy winkle 50p, how much is it worth and where is the best place to sell it, thanks.
Hi Jonathan, I’m afraid we do not offer a valuation service but if you have a read of the blog, there’s plenty of tips so that you can work out an accurate value for your coin. Thanks Luke
I have a 5 pound coin just wondering is it worth anything or just a fiver
Hi Anne, This is hard to answer as it depends on which £5 coin and the coin’s condition. Thanks Luke
Five pound coins are worth more than five pounds,due to them being a coin not a note
Its great being up to date with all the latest news. Thank you Change Checker, Love my hobbie.
The good news…
It’s always good to remember that if your coin is legal tender, it will always be worth at least its face value
Just read this. (See post above)I bought from the mint quite a few “ high value” coins £100_£50_£20 coins, for my grandchikdrens coin collection. At the time they were advertised as legal tender….the banks wont cash them in. Was told legal tender does not mean you can get face value back for them. It was a huge con……….
Hi Jackie, at Change Checker we just deal with base metal coins, therefore your coin will always be legal tender. I’m afraid I cannot comment on “high value” coins. Thanks Luke
I have 1 of these supposoley ultra rare Neanderthal pound coin are they actually worth anything
Hi Dave, unfortunately they are not worth what has been reported in the press. This coin, in circulated quality, sells for between £3-£8 on eBay. Thanks Luke
Thank you the information you provide is all ways good to read and keeps us all up to date
I read an article 2 days ago regarding an ‘ultra’ rare coin issued for Gibralter that sold for £5,000. Very interesting and maybe exciting as I have one of the very same coin. I wonder!!!!!!
Thank you this is great information love change checker