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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A history of Sir Winston Churchill on UK coins
The 9th April marks National Winston Churchill Day, a moment to reflect on and celebrate one of the most iconic figures in British history. In honour of National Winston Churchill Day, let’s take a look at the man who led Britain to victory in World War II and the UK coins that he features on.
Image Credit: Public Domain via Wikimedia Commons
Who was Sir Winston Churchill?
Sir Winston Churchill was a British statesman and leader, known for his role as Prime Minister during the Second World War. However he was a man of many talents, serving in the British army from 1895 to 1899, creating over 500 oil paintings and even winning the Nobel Prize in Literature in 1953 for his mastery of historical and biographical descriptions.
Image Credit: Public Domain, Via Wikimedia Commons
Churchill has been celebrated for his leadership, speeches, and contributions to British and global history, so it’s only fitting that he features on several UK coins.
1965 Churchill Crown
In 1965 shortly after his death, Churchill became the first person outside of the Royal family to be commemorated on a British coin, making numismatic history. The nation mourned the loss of one of the best loved Prime Ministers, and his 90 year life was honoured with a state funeral in London, the first afforded to a ‘commoner’ in more than a century!
The reverse design features a sombre-looking head and shoulders portrait of Churchill wearing a ‘siren suit’ – overalls designed to be worn in wartime air-raid shelters, invented and popularised by Churchill.
2010 Olympic Churchill £5
After a 45 year hiatus, Winston Churchill returned to UK coins in 2010 when The Royal Mint issued a limited edition £5 coin celebrating the London 2012 Olympic and Paralympic Games.
The coin featured an instantly recognisable depiction of the Winston Churchill statue in Parliament Square, along with the London 2012 logo and a quote from British businesswoman, Anita Roddick. The quote reads “Be daring, be first, be different, be just”, capturing the spirit of pride in our nation.
2015 Winston Churchill £5
To mark 50 years since Churchill’s death, The Royal Mint issued a new £5 coin in 2015, heavily inspired by the 1965 Churchill Crown.
One of the UK’s finest portrait sculptors, Mark Richards FRBS, wanted to create a design on the 2015 Winston Churchill £5 conveying Churchill as larger than life, and so used an engraving larger than the coin itself.
2024 Winston Churchill £2
The most recent coin to feature Winston Churchill was issued as part of the 2024 Annual Set and marks 150 years since his birth.
The 2024 Winston Churchill £2 depicts him as a young man during his time in the Cavalry army, with the years of his life 1874-1965 either side of his portrait.
As the first UK £2 coin to feature Churchill, this coin sparked much excitement amongst collectors and interestingly, it wasn’t individually released. This means that the only way for collectors to get their hands on it is by securing the 2024 Annual Coin Set.
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The rare penny worth £72,000!
Do you ever pay attention to the pennies in your change? Well, you might want to take a closer look at your coppers in future, because one particular 1p coin could be worth an astonishing sum!
The 1933 George V Penny is one of the rarest and most sought-after coins in British numismatic history. Despite having a face value of just 1p, this elusive coin has fetched staggering prices at auction. In 2016, an example sold for an incredible £72,000! And its value has been climbing for years – with sales recorded at £40,000 in 2004 and £45,000 in 2006.
Image credit: The Royal Mint Museum
Why is this coin so rare?
During the 1930s, there was such an abundance of pennies already in circulation that no new ones needed to be struck, however a few were still produced for ceremonial purposes. According to the Royal Mint, no official records exist confirming how many 1933 pennies were struck, but seven are known to exist.
Of the known 1933 pennies, one is located in the Royal Mint Museum, one belongs to the British Museum, two are in private collections and one was placed under the foundations the Senate House of the University of London by King George. One was placed under the foundation stone of Church of St Cross in Leeds, but was stolen in 1970 during reconstruction, its whereabouts now unknown. To avoid further thefts, the coin placed under St Mary’s Church in Leeds was dug up and sold, however it’s thought the one underneath Senate House remains in place.
Image Credit: philld / Mount St Mary’s Leeds via Wikimedia Commons
This makes the chances of finding a 1933 Penny in your change almost impossible. But don’t worry if you don’t have one in your collection, as there are plenty of other coins that could still be worth a small fortune…
Fetching a fortune
1983 2p
After the 2p coin design was changed in 1982 to read TWO PENCE instead of NEW PENCE, a few coins were mistakenly struck in 1983 using the old reverse die and therefore have the old inscription of NEW PENCE.
Image Credit: RWB Auctions
It’s not known how many of these coins made their way into circulation, but in 2024, one sold for a whopping £1,000!
Undated 20p
In 2008, the reverse of each denomination from 1p to £1 was redesigned by Matthew Dent to feature a different part of the Royal Arms Shield. The 20p had previously included the date on the reverse, but with the entire face of the coin now devoted to the new design, the Royal Mint produced a new die with the date on the obverse (Queen’s head) side.
However, when the new Royal Shield 20p coins were struck for circulation, the old die was accidentally used, meaning a batch was issued with no date on either side of the coin.
Back in 2008 when this ‘error’ was discovered, one lucky seller sold theirs for a colossal £7,100! Nowadays, an undated 20p fetches around £60 on the secondary market, which is still not a bad return on a 20p coin!
Proceed with caution
Before you get too excited, it’s important to remember that a coin’s condition plays a huge role in determining its value. Coins in perfect condition can be worth far more than their well-worn, damaged, and poor-condition counterparts, and sometimes a minor difference in grade translates to hundreds or even thousands in value!
So, next time you’re checking your change, take a closer look! Who knows? You might just discover a hidden gem worth more than you ever imagined!
Kick start your Penny collection
Whether you’ve got a penny collection already or you’re just starting out, you can piece together a fascinating timeline showing the changing face of Her Majesty with the Queen Elizabeth II Portraits Penny Collecting Page.