How rare is my Salmon 50p?
In October 2024, the 2023 Salmon 50p knocked the Kew Gardens 50p off the top spot and became the new rarest UK 50p in circulation! With a circulating mintage of just 200,000, there are 10,000 less 2023 Salmon 50ps in circulation than the 2009 Kew Gardens 50p, which has been the rarest UK 50p for the last 15 years.
Since the news, collectors have been rushing to find one in their change, but there has been some confusion over which version of the Salmon 50p is actually rare. Let us explain the difference between the different versions and clarify which Salmon 50p is the RAREST UK 50p!
2023 New UK Coinage Sets
The first time we saw the Salmon 50p was in the New UK Coinage set for King Charles III issued in October 2023, which featured 8 brand new designs – from the 1p to the £2 – to usher in the reign of King Charles III.
Each of the new designs featured iconic British wildlife in line with His Majesty’s keen interest in wildlife conservation and plant life.
Although we’d already seen several commemorative 50p, £2 and £5 coins issued bearing His Majesty’s effigy on the obverse, this was the first time we saw his portrait feature on the 1p, 2p, 5p, 10p, 20p and £1.
As well as brand new designs on both sides, these coins also featured a special ‘Privy Mark’ on the obverse – a small crown next to His Majesty’s effigy on the obverse.
This special feature was intended to set the coins in the set apart from those you’ll find in your change once they start to enter circulation.
It’s not yet been announced how many Salmon 50ps in New UK Coinage sets were issued for collectors, but it’s not the Brilliant Uncirculated Salmon 50p with the privy mark you should be looking out for…
Circulating 2023 Salmon 50p
In November 2023, it was announced that an estimated 500,000 2023 Salmon 50ps without the privy mark had entered circulation, and collectors rushed to their local post offices and banks to try and get their hands on one. People were struggling to come across a Salmon 50p in the wild, and it became apparent why almost a year later.
On 7th October 2024, it was announced that only 200,000 2023 Salmon 50ps entered circulation the previous year – less than half of the original estimated amount! That means just ONE in 335 people in the UK could have the chance of snagging one.
In fact, in a recent poll, just 30% of people surveyed said they’d been lucky enough to find a 2023 Salmon 50p in their change!
What about the 2024 and 2025 dated Salmon 50ps?
At the beginning of each year, The Royal Mint issues an Annual Coin Set which usually includes 5 commemorative coins from the year ahead and a full set of definitive coins dated that year. The Salmon 50ps that were issued as part of the 2024 and 2025 Annual Sets will not enter circulation and don’t feature the privy mark on the obverse.
Although it’s incredibly unlikely, if you do happen to come across a 2024 or 2025 dated Salmon 50p in your change, it will have most likely been broken out of an Annual Set and spent.
So how much is my Salmon 50p worth?
It’s worth remembering that it’s the circulation 2023 Salmon 50p without the privy mark that is the rarest UK 50p due to its low mintage figure, and it’s this version which will fetch you a pretty penny on the secondary market.
Some sellers have been listing the Brilliant Uncirculated 2023 Salmon 50p WITH the privy mark on the secondary market for hefty sums, however these are likely to have been broken out of the New UK Coinage Set and will not be one of 200,000 Salmon 50ps in circulation.
Our latest eBay Tracker update revealed that a circulating 2023 Salmon 50p could fetch more than £83 on the secondary market – a 477% increase since before the mintage figure announcement!
Have you caught a Salmon 50p?
Are you one of the lucky collectors who have already caught a 2023 Salmon 50p in your change? Let us know in the comments if you have and where you found it!
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I’ve been lucky in finding a couple in my change from local Post Office a while back but nothing recently.
I found two 2023 salmon coins in a bag last week. i could not believe my luck.
Wow that’s so lucky, make sure you hold on to them!
Kate