King Charles III
First King Charles III Definitive Coins enter circulation – 2023 Mintage Figures announced!
Each year, one of the biggest numismatic updates comes when the latest mintage figures are announced, and The Royal Mint have just revealed the mintages of all coins that entered circulation in 2023! Every year, when this information is released, we update our Change Checker Mintage charts to see where new circulating coins rank.
Excitingly, in 2023 we saw the very first King Charles III definitive coins start to enter circulation, kicking off with the Atlantic Salmon 50p, which knocked the Kew Gardens 50p off the top spot as Britain’s new rarest 50p!
But the Salmon 50p wasn’t the only new coin that entered our change last year…
50p Mintage Figures
It’s the 2023 Salmon 50p that’s been hitting the headlines due to its incredibly low mintage of just 200,000, making it even rarer than the Kew Gardens 50p which has now been bumped down to 2nd place on our mintage chart.
The Salmon 50p wasn’t the only new 50p to enter circulation in 2023, as the Coronation 50p also made it’s way into our change.
On 10th August 2023, 5 million King Charles III Coronation 50ps entered circulation and we opened our collector map to find out where in the country they were popping up.
From the map data, we put together a list of the Top 5 places where you’re most likely to find a Coronation 50p in your change, and Birmingham came out on top with 5.1% of Coronation 50ps being found there! You can check out where else they were being found here >>
£2 Mintage Figures
Since 2016, no new commemorative £2 coins have entered circulation, and in 2023, there were also no new definitive £2s put into circulation.
The only denominations from the New UK Coinage featuring King Charles III that haven’t yet entered circulation are the Flowers of the Four Nations £2 and the Red Squirrel 2p, so the circulating £2 coin drought continues!
As nothing has changed on the £2 mintage figure chart this year, the 2002 Northern Ireland Commonwealth Games £2 remains the rarest £2 coin in circulation, with a mintage of just 485,000.
2023 Definitives
Usually, the mintage figures for definitive coins are somewhat less exciting than the commemorative coins entering circulation, as the designs have remained the same for the last 16 years. However, the 2023 mintages are particularly interesting as they confirm how many of the very first King Charles III definitive coins entered circulation!
Although we’ve already spoken about the Salmon 50p and its shockingly low mintage, we’ll still include it here as it is technically a definitive coin design.
- Hazel Dormouse 1p: 600,000
- Red Squirrel 2p: 0
- Oak 5p: 32,400,000
- Capercaillie 10p: 600,000
- Puffin 20p: 525,000
- Salmon 50p: 200,000
- Bee £1: 10,030,000
- Flowers of the Nations £2: 0
Interestingly, this makes the 2023 dated 1p, 10p and 20p the rarest coins of their denominations since decimalisation (with the exception of the 2018 and 2019 A-Z 10p coins)!
Considering this, 2023 dated coins are sure to go down in history as some of the most sought after circulating coins, so keep an eye out for them in your change!
It’s always exciting when new mintage figures are revealed, especially when it brings an end to the previous rarest UK 50p’s 15-year reign!
Have you been lucky enough to find a 2023 Salmon 50p in your change? If you’re still searching, don’t forget you can secure the Brilliant Uncirculated version as part of the New UK Coinage set. What’s more, the coins in this set feature a special privy mark which sets them aside from the ones you’ll find in your change.
The Limited Edition Gibraltar King Charles III Definitive Coins
Following the passing of Queen Elizabeth II in 2022, the very first King Charles III effigy was introduced onto Gibraltar’s commemorative coinage. However, the following year, the first circulating Gibraltar currency collection featuring His Majesty’s was issued, celebrating his coronation.
The 2023 Limited Edition Gibraltar Currency Coin Collection was the first full currency set available to feature the Raphael Maklouf King Charles III effigy on the obverse, including all denominations from 1p-£5, but it also included the last ever single metal round pound to be issued.
Secure the 2023 Limited Edition Gibraltar Currency Coin Collection >>
A closer look
In honour of the new Carolean era, the 2023 Limited Edition Gibraltar Currency Coin Collection includes all definitive coin denominations, each featuring different elements, imagery and items related to King Charles III and his coronation.
One Penny
The 1p coin features the King’s royal cypher within a floral wreath.
Two Pence
The 2p coin features a depiction of Windsor Castle within a floral wreath.
Five Pence
The reverse design on the 5p coin shows an illustration of The Sovereign’s Orb.
Ten Pence
On the reverse design on the 10p coin is a depiction of The Sovereign’s Sceptre.
Twenty Pence
The 20p features the a depiction of the Tudor Crown along with the inscription ‘LONG TO REIGN OVER US • GOD SAVE THE KING’.
Fifty Pence
The intricate design on the 50p features the door to Westminster Abbey and the inscription ‘THE CORONATION OF HIS MAJESTY KING CHARLES III • 05.05.2023’.
One Pound
The £1 coin in this collection was the last ever single metal, round pound coin to be issued, as Gibraltar’s 2024 annual issue featured the new 12-sided, bi-metal £1 coin specification. This meant that Gibraltar was the first British Overseas Territory to circulate the 12-sided £1. The reverse design on this round £1 coin features the Coronation Chair and the inscription, ‘LONG TO REIGN OVER US • GOD SAVE THE KING’.
Two Pounds
The £2 coin features the Gibraltar Crest in the centre, with an inscription around the edge reading ‘HIS MAJESTY KING CHARLES III • GOD SAVE THE KING’.
Five Pounds
The £5 coin features the Gibraltar Coat of Arms.
Just 350 sets available
The 2023 Limited Edition Gibraltar Currency Coin Collection is strictly limited to 2,000 sets worldwide, and we’ve managed to secure just 350 of them for Change Checkers.
Don’t miss out on owning the sought-after pack including the FIRST Gibraltar King Charles III currency and the LAST Gibraltar round pound.
Secure your 2023 Gibraltar Coin Pack for just £49.99 (+p&p) >>
The eBay Tracker gets a shake up! June 2024 update
If you have any of the below coins or banknotes in your collection, read on to find out how much they could be worth in our latest eBay Tracker and Valuation Index update!
Since January 2017, our eBay Tracker has monitored the secondary market prices of 10 of the top UK coins and banknotes. However, due to demand for rare and sought after coins changing over the years, and the introduction of the new King Charles III banknotes, we’ve updated the coins and banknotes on our tracker to give you the most relevant data on the top UK coins and banknotes right now.
You might notice that your favourite coin or banknote that we usually track is missing, but you can always check out our previous eBay Tracker updates to see how their value has changed over time.
eBay Tracker
Of course, we’ll still be tracking the secondary market selling price of the rarest 50p and £2 in circulation – the 2009 Kew Gardens 50p and the 2002 Northern Ireland Commonwealth Games £2, as their extremely low mintage figures make them some of the hardest coins to find in your change.
We’ll also keep monitoring the undated 20p, the 92/93 EEC 50p, the 2018 Sir Isaac Newton 50p and the rarest Olympic coin – the Football 50p.
Kew Gardens 50p
In 2014, 5 years after its release, The Royal Mint revealed that only 210,000 Kew Gardens 50p coins had been struck for circulation, making it the scarcest UK coin in circulation. And 10 years later, people are still willing to pay hefty sums to get their hands on one, in fact it’s the only coin on our tracker to have increased in price in the last 6 months.
The average secondary market value for a Kew Gardens 50p is currently around £145, which is just £7 more than our last update.
Undated 20p
The undated 20p is often thought of as the ‘holy grail of change collecting’, as it’s not been confirmed just how many of these error coins made it into circulation. As one of the most sought-after coins, it’s at the top of many collectors’ wish lists, and some are willing to pay up to £50 to get their hands on one!
Although that’s 22% decrease since our last eBay Tracker update, it’s still a whopping 250 times the coin’s face value!
Her Majesty Queen Elizabeth II 50p
The very first UK coin to feature King Charles III on the obverse after the passing of Queen Elizabeth II in September 2022 paid tribute to Her Majesty’s life and record breaking reign. As only the second ever royal UK 50p AND the first UK coin to feature the new monarch, collectors were keen to get their hands on the 2022 Her Majesty Queen Elizabeth II 50p.
Those who weren’t able to find one in their change straight away took to the secondary market and, back in January 2023 when it first appeared on our eBay Tracker, were willing to pay up to five times its face value! Since then, however, the median secondary market selling price has slowly decreased, as more and more are being found ‘in the wild’ and since The Royal Mint announced that there are 9.6 million of them in circulation – more than the amount of definitive Royal Shield 50ps that entered circulation the same year.
New additions to the eBay Tracker
As of June 2024, we’ll start tracking the median secondary market selling price of some other rare coins in circulation as well as some newer coins and banknotes that are proving hard for collectors to find.
Salmon 50p
The first coin to enter circulation from the New UK Coinage set featuring King Charles III was the Atlantic Salmon 50p. In November 2023, an estimated 500,000 Salmon 50ps entered circulation, but The Royal Mint are yet to announce the definitive mintage figure.
Collectors haven’t been having much luck finding them in their change and due to this, they’ve been selling for a pretty penny on the secondary market, fetching up to £14.50!
Have you found an Atlantic Salmon 50p in your change? Let us know where you found one!
W (World Wide Web) 10p
The A-Z of Great Britain 10p series was first issued in 2018, with a 10p representing something quintessentially British for each letter of the alphabet. A second wave of these 10ps was issued in 2019, and out of all of them, the 2019 W for World Wide Web 10p has the lowest mintage figure of just 63,000 – even lower than the Kew Gardens 50p!
According to our eBay Tracker, you can expect to pay up to £4.50 for a W 10p on the secondary market, not a bad return on a 10p coin!
The first ever King Charles III Banknotes
The first ever King Charles III banknotes entered circulation on 5th June 2024, however they were only available at a select few locations. As these new notes will only be issued to replace worn or damaged Queen Elizabeth II going forward, they’ve inevitably become extremely sought after by collectors.
A King Charles III £5 banknote will cost you up to £25 on the secondary market, whilst a £10 note featuring His Majesty will set you back £21.
Valuation Index
Using the total price of the coins and banknotes tracked, the Valuation Index follows the rise and fall of their overall value, measured in points against the baseline set at January 2017.
Since the last update in January 2024, there’s been a 5% decrease in the overall value of the Top 12 coins and banknotes on the eBay Tracker, but bear in mind that the coins and banknotes tracked have been updated, as represented by the vertical dotted line on the graph.
eBay Tracker FAQs
How does the eBay Tracker work?
The Change Checker eBay Tracker takes the last 9 sold prices on eBay and gives the median price achieved. By taking the median, rather than an average, we avoid skewing figures with excessively high or low prices.
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.
My coin isn’t on the eBay Tracker
The eBay Tracker follows the movements of the top UK coins and banknotes, however if your coin doesn’t appear on the tracker you can use our 6 point guide to help determine the realistic value for your coin.
Find out more about your coins
If you’re interested in coin collecting, our Change Checker web app is completely free to use!
