Mintages
UPDATE: How rare is my coin? The complete Change Checker guide to UK coin mintages
In 2016, we took a look at the mintage figures of all 50p, £1 and £2 coins that have been released. As always, ‘The Change Checker guide to UK coin mintages’ is THE place to check how rare your coins are! Here are the charts listing each coin in order of its rarity.
The Kew Gardens 50p coin remains top of the chart and doesn’t look as though it’ll be shifted any time soon!
Due to the high number of commemorative designs, no definitive design 50p coins were struck for circulation in 2016. Of those commemorative designs, the Beatrix Potter Peter Rabbit 50p has the highest mintage with 9.6 million pieces. However, some collectors may struggle to complete their Beatrix Potter set as it’s been revealed that only 2.1 million Jemima Puddle-Duck 50p coins were struck, making it the second most scarce commemorative 50p design (excluding the Olympic 50p series)! Squirrel Nutkin has also made it into the top 10 rare 50ps with a mintage of 5 million.
2016 was the first year since 1983 that no round £1 coins were struck for circulation due to the release of the new 12-sided £1 coin, as a result, this chart is now set in stone and the 2011 Edinburgh coin will remain the target for all round £1 coin collectors. But they’ll have to act quickly – along with the other round £1 coins it will disappear from circulation forever on 15th October.
The 2002 Commonwealth Games Northern Ireland £2 still remains the only £2 coin to have a mintage of less that 500,000, placing it firmly at the top of the chart.
From the 2016 designs, the First World War Army £2 coin has a very high mintage figure with over 9.5million pieces being struck, making it the second most common commemorative £2 coin ever.
Interestingly, the three Shakespeare £2 coins, ‘Comedies‘, ‘Histories‘ and ‘Tragedies‘ each have a different mintage figure. Over 1.3 million fewer ‘Comedies’ coins were struck than ‘tragedies’, likely having an impact on collectability in the future.
You’ll notice that the Britannia £2 coin isn’t listed, this is because it is a definitive design, however the mintage increased to just over 3.5 million.
It will be very interesting to see how these coins fare in our updated Scarcity Indexes which will be released in July, so keep your eyes peeled for any changes.
And keep hold of your coins – you never know what they might be worth in the future! Remember you can Find, Collect and Swap all your coins for FREE with the Change Checker App: http://www.changechecker.org
2016 mintage figures just released!
The Royal Mint have just released the mintage figures for the 2016 dated circulation coins.
Mintage figures have been released for the 2016 coins.
These are the new figures:
WW1 Army £2 – 9,550,000
Shakespeare Comedies £2 – 4,335,000
Shakespeare Histories £2 – 4,615,000
Shakespeare Tragedies £2 – 5,695,000
Great Fire of London £2 – 5,135,000
Britannia £2 – 2,925,000
Peter Rabbit 50p – 9,600,000
Beatrix Potter 50p – 6,900,000
Jemima Puddle-Duck 50p – 2,100,000
Mrs Tiggy-Winkle 50p – 8,800,000
Squirrel Nutkin 50p – 5,000,000
Team GB 50p – 6,400,000
Battle of Hastings 50p – 6,700,000
We’ll have a closer look at these figures and come back with a full analysis on Monday with updated graphs so stay tuned!
The £1 Scarcity Index reveals which £1 coins are the rarest
Can’t wait – click here to reveal the UK’s “scarcest” £1 coin
With the Great One Pound Coin Race nearing the finishing line, collectors across the UK are desperate to complete their Round Pound collections.
Historically, change collectors have relied upon mintage figures for their indication as to which coins in circulation are the rarest. But the story is not that simple.
650 million coins lost from circulation
The £1 coin has been in circulation since 1983. During that time a total of 2.2 billion £1 have been struck for circulation. But they are not all still in use.
There are 1.5 billion coins in circulation but probably fewer than 800,000 of the rarest design
The last available figures for coins in circulation, published by The Royal Mint for 2014, suggest that 1,553,000,000 £1 coins are in circulation.
In other words, 650 million of the coins struck no longer circulate, presumably withdrawn over the years as worn or damaged.
The majority of those 650 million coins are from the early issuing years, meaning that although some of those years may have high mintages, the actual number of coins available to collect from your change is far lower. In fact our research suggests that only a little more than half of the early years’ £1 coins are still in circulation. Far fewer if you’re trying to secure one in good collectable condition.
Scarcity breeds scarcity
But even that is only part of the story. Of course, scarcity breads scarcity.
Even before the launch of the Great One Pound Coin Race, we noticed a rise in collector interest for £1 coins on the back of the introduction of the new 12-sided £1 coin. And the demand is always disproportionately high for the more difficult coins. The result is a continued ratcheting up in demand for the rarer coins.
The Change Checker £1 Scarcity Index
That’s why Change Checker launched the £1 Scarcity Index. Rather just relying on mintage figures, we have combined them with the two critical points above – the actual numbers of coins in circulation and real collector demand, measured by Change Checker swap data – to create a unique Scarcity Index for the £1 Coin.
Scaled from 100 to 1, the scores represent the relative scarcity of each coin, with 100 being the most scarce.
So will I ever find the Edinburgh City £1 Coin in my change?
With a scarcity rating of 100, the Edinburgh City £1 Coin is the rarest Round £1 in circulation
With the Edinburgh City £1 Coin topping the Scarcity Index, will you ever actually find one in your change?
Well certainly it won’t be easy – but it’s definitely possible. Our calculations suggest there are probably somewhere between 600,000 – 800,000 Edinburgh City coins still in circulation but as we near the withdrawal date this number is decreasing rapidly. In other words, it is of similar rarity to the recently issued 2015 First World War Navy £2 but far less scarce than the rarest current circulation coin – Kew Gardens 50p, which had a mintage of just 210,000.
On average, it means that you will have to examine roughly 3,000 mixed £1 coins to find the Edinburgh City £1 Coin. But with over 6,000 Change Collectors already listing the Edinburgh City £1 Coin in their collection, it is certainly an achievable goal.