50p Coins
This 50p just sold for £820.00
Finding a coin which is worth a small fortune is the stuff of dreams for every Change Checker. You may remember the excitement over the rarity of the Kew Gardens 50p earlier this year and the bidding frenzy that occurred on eBay shortly afterwards.
Well now there is a coin which has eclipsed the Kew Gardens, both in terms of scarcity, and the sheer scale of money changing hands.
This week, a UK 50 pence piece sold on eBay for £820. Or to put it another way, 1,640 times its face value!
It appears to be an ordinary Aquatics Olympic 50p at first glance, but this coin has a special quality which collectors desire more than anything else: an error.
And the good news is, there are more out there to be found!
The rare Aquatics Olympic 50p sold on eBay this week for £820.00
In 2011 the Aquatics Olympic 50p depicting a swimmer underwater was redesigned by the Royal Mint to make the swimmer’s face more visible. However, before the change was made, a small number of coins were struck with the original design.
The coin on the left is the rare original design, with waves passing over the swimmer’s face
The added sense of excitement and anticipation over this particular error is that nobody knows exactly how many of the original coins were ever struck.
Their rare appearance at auction (and only so far in their original packaging) along with the astronomical amounts which buyers are happy to pay, supports the theory that there are very few around.
The 29 Olympic designs are now commonplace in our day-to-day life, so this coin ultimately is just a normal 50p which you would happily pass over the counter to pay for something. Blink and you would miss that small detail which is worth so much to coin collectors.
But the Aquatics Olympic 50p error is the latest example of why you should always carefully check what’s in your change – there really could be treasure hidden in your pocket!
Do you have an Aquatics Olympic 50p?
You can add it to your collection on the Change Checker App here
The most collectable 50p since the Olympics?
A new commemorative coin has just entered circulation which could well become the most collected 50p since the Olympic series in 2012. Collectors all over the country are checking their change right now in an attempt to find the new 2014 Glasgow Commonwealth Games 50p.
The new Commonwealth Games 50p features a dynamic sporting design
Struck by The Royal Mint, this legal tender UK coin has been designed by Alex Loudon in the ‘arts and crafts’ style. Two athletes are intersected by the Scottish Saltire, and the words XX Commonwealth Games Glasgow fill the top right section of the surprisingly distinctive 50p.
But this coin has been attracting attention from collectors for another reason…
Collecting fever
In 2011 The Royal Mint issued a series of 29 different Olympic themed 50ps – one to represent each sport. With London 2012 around the corner, these coins suddenly became THE must-have collectables to commemorate the Games. Collectors still can’t resist flicking through their change to find the elusive last two or three coins they are missing.
A bag of 2014 Commonwealth Games 50ps, have you found one yet?
Now, 2 years on, the 2014 Glasgow Commonwealth Games 50p looks set to become the next collecting sensation – as the race to find the first sports-themed British coin since the Olympics begins in earnest.
With the mintage figures as yet unconfirmed by The Royal Mint, this coin could well be the rarest of the lot, but only time will tell. Have you found yours yet?
How the Commonwealth Games started £2 Coin Collecting
In 2014 the Royal Mint struck a new circulating coin for the Glasgow Commonwealth Games. But I can still remember back to the summer of 1986…
My father worked for a bank. He came home one evening with half a dozen coins in his hands. “I bet you don’t know what these are…”, he said. “They’re the new £2 coin. They’ve been released to celebrate the Commonwealth Games.”
The Royal Mint struck the circulation Commonwealth Games 50p on 25 May 2014
A new denomination for the UK
This was something genuinely new. The only “commemorative” coin in circulation was that slightly odd “hands” 50 pence that no-one really knew much about and there had only been two commemorative crowns issued in the last 20 years – both for Royal events.
The 1996 Commonwealth Games £2 coin changed the face of UK commemorative coins.
This was a brand new denomination and it commemorated a proper non-royal national event that really engaged the nation. Although the 1986 Commonwealth Game coin was largely kept by collectors and never really entered mass circulation, it marked a significant change in the UK’s commemorative coin issuing strategy.
Six more single-coloured commemorative £2 coins were struck over the next 10 years before the introduction of the fully circulating £2 denomination, which has now seen 50 different designs issued.
Of course, amongst those 50 coins are four coins from 2002 – again issued to celebrate the Commonwealth Games – this time held in Manchester. At first glance, you might struggle to spot the difference between them. They all feature the same running athlete trailing a banner behind. But each has a different cameo, representing each of the four constituent parts of the United Kingdom. Find out how to tell these coins apart here >>
Officially the UK’s rarest £2 coin
They are some of the scarcest £2 coins now in circulation, with even the largest mintage (Scotland) set at just 771,750 – just 17% of the first ever commemorative bimetallic £2 coin, which was issued for the Rugby World Cup in 1999.
The 2002 Commonwealth Games £2 coins are some of the rarest ever issued. Their mintage figures are shown below each design.
But the coin you really need to be looking out for is the Northern Ireland £2. Just 485,000 coins were ever struck making it officially the UK’s rarest £2 coin.
75% disappear from circulation
Of course, the 2014 Commonwealth Games coin is a 50p, rather than the previous £2 coins. But with the Royal Mint estimating that as many as 75% of all Olympic 50ps being kept by collectors, it’s definitely worth scouring your change for.
Own the Commonwealth Games coin that started £2 collecting
This coin is no longer in circulation, but we’re giving you the chance to own the UK 1986 Commonwealth Games £2 for your collection.