Posts Tagged ‘£2 Scarcity Index’

We’ve been eagerly awaiting this latest Scarcity Index update, which includes the newly released figures for the 2018 50p coins!

Find out how this has affected the Index and discover how sought-after the coins in your collection really are…

This information has been compiled using data from the Change Checker Swap Centre (find out how it works here) and presented in the easy to use indexes below, with arrows to signify how many places up or down a coin has moved since the last Scarcity Index.

You’ll notice stars have been included on the 50p Index and these show where the new 2018 coins have now been included.

50p Scarcity Index

The coin collecting community received some exciting news in October when the mintage figures were revealed for the 2018 50p coins, and this new data means that these coins can now be included on the Index.

And their introduction to the 50p Scarcity Index certainly has caused quite a stir!

With such low mintage figures (just 1,400,000 of each coin) the 2018 Peter Rabbit and Flopsy Bunny 50ps were bound to be scarce, but it’s remarkable to see just how high up the Scarcity Index they have actually placed.

In fact, these coins are now the second and third most sought-after 50ps in circulation (excluding the Olympic 50ps).

Mrs Tittlemouse has also infiltrated the Olympic 50ps, which currently dominate the first half of the index.

The other four 50p coins to enter circulation in 2018 are more common and therefore have found their way onto the second half of the Index.

However their addition has pushed the majority of the lower scoring coins down the chart and has had a significant impact on the Roger Bannister 50p, which has moved down the Index by 16 places.

Of course the top scorer is still that Kew Gardens 50p, which is considered by many to be the holy grail of change collecting, with a mintage of just 210,000!

A-Z 10p Scarcity Index

As well as revealing the 2018 50p mintage figures, The Royal Mint also published the figures for the 2018 A-Z 10p coins and we now know that 220,000 of each design entered circulation last year.

We’ve taken these figures, combined with the 2.1 million coins released in 2019 (split evenly over the 26 designs) to update the A-Z 10p Index.

Once again there has been quite a bit of movement from the A-Z 10ps and excitingly B for Bond has now taken top spot.

This coin has been a firm favourite with collectors since the coins were released last year and it seems likely that anyone lucky enough to come across one will be keeping tight hold of it.

The biggest mover on the 10p Index is F for Fish and Chips which has moved up 15 places since last quarter.

This will certainly be one to watch out for on the next update.

£2 Scarcity Index

The £2 Index has remained fairly consistent since last quarter, which is to be expected as no new £2 coins have entered circulation since 2016.

Last quarter we saw the Rugby World Cup £2 drop by 10 places, however this has now moved back up 9 places to sit just below the middle of the pack. This could have potentially been influenced by the 2019 Rugby World Cup increasing interest in the coin.

Nearer the top of the Index, the Olympic Handover £2 has moved up 5 places into the top 5 scarcest £2 coins in circulation.

However it comes as no surprise that the scarcest UK £2 coin in circulation is still the Commonwealth Games Northern Ireland £2, with that tiny mintage figure of just 485,500.

How your Scarcity Index works

Generally collectors have had to rely upon mintage figures to identify the scarcest coins.  But they only tell part of the story.  Trying to find a good quality coin from 15 – 20 years ago, even for a higher mintage issue, is much more challenging than a more recent issue, as coins become damaged over time and are ultimately removed from circulation.

Additionally, some designs are more hoarded than others by people who might not normally collect coins – the poignant First World War £2 Coin series being an example. Finally, it can be up to a couple of years before the Royal Mint eventually confirms the actual mintage for an issue.

That’s why we have combined the mintage information with two other key pieces of information.

• How many of each design are listed as “collected” by Change Checkers, indicating the relative ease of finding a particular coin.
• The number of times a design has been requested as a swap over the previous 3 months, showing the current level of collector demand.

Importantly, as new coins are released and popularity rises and falls across different designs the Scarcity Index will be updated quarterly allowing Change Checkers to track the relative performance of the UK’s circulation coins.

How much are my coins worth?

The Scarcity Index does not necessarily equate to value but it is certainly an effective indicator.  For example, the Kew Gardens 50p coin commands a premium of up to 200 times face value on eBay.

You can use the 6 point guide to help you determine a more realistic value for your coins.

What about £1 Coins?

The £1 Scarcity Index has already been published for the Round £1 coins and, because they are no longer being issued, this is now set in stone.

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If you’re interested in coin collecting, our Change Checker web app is completely free to use and allows users to:

– Find and identify the coins in their pocket
– Collect and track the coins they have
– Swap their spare coins with other Change Checkers

Sign up today at: www.changechecker.org/app