Posts Tagged ‘Coins’
2019 Change Checker Awards WINNERS ANNOUNCED!
Since the 2019 Change Checker Awards were opened to celebrate the very best people in the world of change collecting, nominations have been flooding in, and it really has been incredible to hear all of your stories from the last year.
It’s certainly meant we’ve had a really tough job deciding on the winners, but with thanks to our panel of judges from the Change Checker team and AllAboutCoins, our well deserved winners have now been selected…
Change Checker of the Year
Winner:
Lisa Strange
Lisa has been chosen as the 2019 Change Checker of the Year by AllAboutCoins for always going above and beyond in the Change Checker community. She’s helped many people complete their collections whilst also giving helpful advice and tips on coin collecting!
Well done Lisa!
Runner-up:
Tracey Hunter
Tracey has been chosen as the 2019 Change Checker of the Year Runner-Up by AllAboutCoins for her commitment and involvement to the Change Checker community.
Congratulations Tracey!
Junior Change Checker of the Year
Winner:
Oliver Cross
Oliver has been awarded 2019 Junior Change Checker of the Year by AllAboutCoins for his dedication and passion in finding commemorative coins in his change and inspiring others to start coin collecting.
Congratulations Oliver!
Runner-up:
Lethikka (Narwhal Narwhal)
Lethikka has been chosen as the 2019 Junior Change Checker Runner-Up of the Year by AllAboutCoins for her continued effort in inspiring others to start coin collecting. She has started a coin club at her school where she hopes to share the useful tips she’s learned from the Change Checker Community.
Congratulations Lethikka!
Matt, a panel member at AllAboutCoins, said:
“Once again there were many brilliant entries to the Change Checker Awards and picking the winner was really tough. It was lovely to see nominations for those collectors who had really gone the extra mile to help others and spread the word about collecting coins… I hope both winners enjoy reading more about coins on the allaboutcoins.co.uk website and in Coin Collector magazine!”
Coin Design of the Year
It comes as no surprise that the 2019 Coin Design of the Year is awarded to the 2019 UK Stephen Hawking 50p.
This coin was issued at the beginning of the year, as part of The Royal Mint’s new series celebrating Innovators in Science. It’s design, by Edwina Ellis, honours the most famous British scientist of modern times, Stephen Hawking and his contributions to the world of physics.
Hawking becomes one of only three people to be commemorated on a coin within a year of their death (the others being the Queen Mother and Winston Churchill).
Congratulations Edwina Ellis!
Coin Story of the Year
The winner of the 2019 Coin Story of the Year Award goes to Alex Nelson from iNews for his fantastic article on the 2019 Stephen Hawking 50p – the most talked about coin of the year!
Alex said, “Thanks Change Checker! What a nice surprise. Here’s hoping there’s plenty of new coins to report on in 2020! “
A big thank you once again to AllAboutCoins for supporting us this year and of course a huge congratulations to all of our winners and all the fantastic entries we had this year.
We’d like to thank each and every one of you for your continued support in 2019 and hope that 2020 is a fantastic year of Change Checking for you all!
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
Why are some UK coins magnetic?
It’s a question many coin collectors ask, and so in this blog we’re going to get to the bottom of which UK coins really are magnetic and why!
1p and 2p coins
Prior to 1992, 1p and 2p coins were made from a bronze alloy of copper, tin and zinc.
As a result of rising prices of base metals, from 1992 onwards the composition of the coins changed to copper plated steel.
Both compositions are the same weight, diameter and design, meaning that they circulate together with no noticeable differences – other than the fact that coins with a steel core are magnetic.
The steel core of the newer coins is electroplated in copper to give them the same colour as the pre 1992 coins, so the only way to tell them apart is to use a magnet!
5p and 10p coins
As a result of metal prices rising on world markets, since January 2012 the compositions of 5p and 10p coins have been made from a plated steel, making them magnetic.
In 2013, The Royal Mint began a programme to recover old 5p and 10p coins from circulation. 330 million of new plated steel coins have been issued in their place.
In the same style as the new 1p and 2p coins, the new 5p and 10ps are electroplated, but with nickel rather than copper to give them their ‘silver’ colour.
Interesting Facts
- When plated steel coins are attached to a magnet, the coins themselves become magnetized. With a strong magnet you can attach coins to each other and ‘dangle’ them. (The Royal Mint).
- There are a higher percentage of magnetic 5p and 10p coins in circulation compared to 1p and 2ps.
- The 5p and 10p coins became 11% thicker when their compositions changed.
- In 2010, a magnetic sculpture called ‘Drop’ was created by Paul Cocksedge to encourage passers-by to attach unwanted pennies to its surface in aid of charity.
Have you noticed any magnetic coins in your change? Test it out for yourself and see if you can create your own magnetic artwork using these coins!
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
November 19 Scarcity Index update!
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.
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