Posts Tagged ‘Isle of Man’
The latest Isle of Man TT £2 coin hits the tracks!
The Isle of Man TT races, an annual tradition since 1907, return again this year. Riders and spectators from around the world will travel to the island for what’s been nicknamed ‘the most dangerous race in the world’.
It’s become somewhat of a tradition for the Isle of Man to issue coins to commemorate the TT races each year, with 2024 being no exception…
Add the 2024 Isle of Man TT £2 to your collection for just £12.99 (+p&p) >>
A winning design
This year, the Isle of Man TT £2 coin highlights Creg-ny-Baa – the infamous corner from the TT race course. The reverse design, by Glyn Davies, features a daring motorcyclist riding around Creg-ny-Baa.
This famous corner is home to the Creg-ny-Baa pub, which sits beside a grandstand that overlooks the race course, both of which also feature on the coin.
Since the passing of Queen Elizabeth II in 2022, Isle of Man coinage now features King Charles III on the obverse. Of course, the Official British Isles King Charles III effigy was also designed by Glyn Davies – meaning he’s responsible for both sides of this coin!
Did you know? Creg-ny-Baa translates to ‘rock of the cow’ in English, probably originating from a rock where cows scratched themselves.
Entering circulation
Previous Isle of Man TT coins have always been popular with both collectors and motor enthusiasts. This is due to their small mintages compared to their UK counterparts and the fact that they sometimes crop up in UK coinage. Although Isle of Man coins aren’t legal tender in the UK, there is a chance you could spot one in your change.
And excitingly, just 7,500 2024 Isle of Man TT £2 coins will enter circulation on the island. That’s half the circulating mintage of the 2023 Isle of Man TT £2!
So make sure you don’t miss out and add it to your collection in Brilliant Uncirculated quality >>
Numismatic history of the TT races
The first Isle of Man TT coin was a 50p issued in 1981, and a new TT coin has been released most years since. The TT 50ps, along with other denominations have proved incredibly popular amongst collectors and motoring enthusiasts alike, with some selling for over £700 on eBay!
Here are a few of our favourite Isle of Man TT coins.
2023
An Isle of Man TT £2 was issued in 2023 to mark the centenary of the Sidecar race being introduced to the TT races. This meant both racer and passenger could take part in the ‘Ultimate Road Race’. The design shows an incredibly detailed depiction of the Sidecar riding through Parliament Square on the Isle of Man.
15,000 of these coins entered circulation on the Isle of Man, meaning collectors and the general public had the chance to find one in their change! But there were many who couldn’t wait to get their hands on the 2023 Isle of Man TT £2 and our initial allocation sold out in just 24 hours!
2022
After a 2 year break due to the Coronavirus Pandemic, the TT races returned in 2022 and two new £2 coins were issued to celebrate.
One of the coins featured the iconic TT Grandstand which marks the start and end of the race. The other represented the TT race marshals, most of whom are usually volunteers or motorsports enthusiasts.
A Crown coin was also issued in celebration of the event. It featured the official TT logo in front of the race route map and a chequered flag background.
2019
In 2019, the Isle of Man released two £2 coins marking 112 years since the first TT race in 1907.
The reverse designs features legendary rider, Steve Hislop, racing the Tourist Trophy track.
Steve ‘Hizzy’ Hislop is an 11 time winner of the notorious Tourist Trophy races. His extraordinary racing career has cemented him as a hero of the TT mountain circuit.
2018
These coins were issued in 2018 to celebrate racing legend Mike Hailwood. 2018 marked 60 years since his first TT race and 40 years since his triumphant return.
Just 3,000 of each coin entered circulation on the Isle of Man and we saw unprecedented demand from collectors looking to add the coins to their British Isles collection.
1998
Another famous race that takes place annually on the island, is the Rally Isle of Man.
The Rally Isle of Man – previously known as The Manx Trophy Rally – was first held in 1963 and became a well known event in the British Open Rally Championship.
In 1998, the Isle of Man released the Isle of Man Car Circulation £2 coin featuring three old-style race cars on the track.
1981
The first Isle of Man TT 50p issued in 1981 features famous motorcyclist Joey Dunlop.
Only 5,000 coins of this design were struck. Were you lucky enough to find this in your change on the Isle of Man? Let us know in the comments below!
Do you have any Isle of Man TT races coins in your collection? Let us know in the comments below!
Secure your 2024 Isle of Man TT £2
Secure your 2024 Isle of Man TT £2 for just £12.50 (+p&p) >>
Continue your Isle of Man collection
To celebrate 120 years since the FIRST EVER Manx Motor Race, a new set of five Isle of Man 50ps has also been issued, featuring five motor racing firsts.
Secure your History of Motor Racing BU Isle of Man 50p Set for just £37.50 (+p&p) >>
The Isle of Man’s big move to phase out little coins
The Isle of Man have shared some big news about their copper coinage, and it’s causing quite a stir in the collecting community. They have confirmed that the phasing out of 1p and 2p coins will begin this year, meaning the days might be numbered for copper coins.
Why the change?
Following a consultation in 2023 by the Manx government about whether it should keep copper coins, residents responded with “no thanks”. With a population of only 84,000, many young people on the island said they don’t carry cash at all, and most rely entirely on cards or contactless payments. The pandemic also forced islanders to adapt to card payments.
Credit: Kamran.nef, CC BY-SA 4.0, via Wikimedia Commons
Rising costs of minting new coins, especially coppers, means that making a new 1p coin now costs more than a 1p coin is worth. It’s not just the coppers either, as its estimated that a new 5p coin costs around 20p to make.
Taking these factors into consideration, the Isle of Man has encouraged businesses to introduce ‘cash rounding’ as the first phase.
What is cash rounding?
Cash rounding is the practice of rounding prices to the nearest five or zero, eliminating the need for 1p and 2p coins.
Cash rounding has been used in Sweden since the 1970s and was also adopted by Canada, New Zealand and the Republic of Ireland.
Credit: Zannaoriordan, CC BY-SA 4.0, via Wikimedia Commons
Credit: Jennifer McNairMuseums Victoria, via Wikimedia Commons
Copper coins will remain legal tender on the island, and won’t be withdrawn from circulation, but no more will be minted.
Let’s hear from the Isle of Man
After the cash rounding initiative was announced, there were concerns from the public about inflation. However, businesses were quick to claim that, based on research from other countries, this would not be a problem.
The Isle of Man’s treasury minister, Dr Alex Allinson MHK, said: “Most businesses here didn’t think it would cause significant inflation. But certainly the public perception is that it would do.”
He also stated that: “If the UK were to get rid of coppers, we would probably follow suit”.
No new coppers have been minted by the Isle of Man since 2016 due to decreased demand, and even the most recent decimal coin set, the 2023 Manx Wildlife Set, didn’t feature 1p or 2p denominations – so the phasing out process has been inevitable for a while.
What about the UK?
The number of cash payments in the UK has reduced significantly in the last 10 years, and especially so since the pandemic.
According to The Royal Mint, no new 2p coins were minted in 2022 and no new pennies were minted in either 2018 or 2019. This is an indication of decreasing demand for small change, even in the UK, so it’s not surprising that the Isle of Man, with a much smaller population, would be one of the first places to implement the phasing out of coppers.
Find out more about the future of 1p and 2p coins in the UK >>
A Treasury spokesperson confirmed that there are currently no plans to change the denominational mix of coins in the UK. So if the Isle of Man is waiting to follow our lead on getting rid of coppers, it’s unlikely that any definitive changes will happen anytime soon.
What do you think about copper coins? Do you still use the 1ps and 2ps in your change? Let us know in the comments!
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
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Sign up today at: www.changechecker.org/app
The Isle of Man Christmas £2 returns!
The Isle of Man has released a BRAND NEW Christmas £2 in the run up to the festive period!
Keen collectors will know that the Isle of Man has made some of the most popular festive coins over the years, so this is not one to be missed out on.
A traditional design
The stunning reverse design on the 2023 Isle of Man Christmas £2 has been inspired by the iconic stained-glass window of Church Kirk Christ, Rushen on the Isle of Man. Also included on the coin is the message ‘Merry Christmas’ in both English and Manx, a feature common to most of their Christmas £2 coins.
The first King Charles III Isle of Man Christmas £2
Breaking tradition, the Isle of Man didn’t release a Christmas £2 in 2022, making this coin the first one since the passing of Queen Elizabeth II. This also means that the 2023 Isle of Man Christmas £2 is the first to feature Glyn Davies’ effigy of King Charles III on the obverse.
Your 2023 Isle of Man Christmas £2 has been struck to a superior Brilliant Uncirculated quality – the favoured specification amongst collectors! It also comes protectively encapsulated in Official Change Checker packaging.
Secure yours for just £12.50 (+p&p) >>
Previous Isle of Man Christmas coins
2021 Isle of Man Christmas Nativity £2
The last Isle of Man Christmas £2 took inspiration from the very same stained-glass window in Church Kirk Christ that features on this year’s design.
2020 ‘A Christmas Carol’ £2 coins
2020 marked 150 years since the passing of Charles Dickens, and so we were treated to three new Isle of Man Christmas coins, each representing a different scene from Dickens’ timeless Christmas tale, ‘A Christmas Carol’.
2019 Santa £2
The 2019 Isle of Man Christmas £2 featured Old St Nick himself, alongside the distinctive Isle of Man Triskelion (three armoured legs). The 2019 Santa £2 was so popular in fact, that some Change Checkers missed out on securing it for their collections.
2018 Hunt the Wren £2
The first Isle of Man Christmas £2 coin set a new tradition of festive £2 coins.
The design on the 2018 Christmas £2 pays tribute to an unusual Boxing Day tradition which takes place on the island – Hunt the Wren. The famous Manx tradition involves communities coming together to dance and sing in the streets around a wren bird, which is paraded around on a special pole.
Isle of Man The Snowman™ 50ps
Prior to 2018, the Isle of Man issued some Christmas 50ps to celebrate the festive season.
In 2003, the Isle of Man issued a 50p to celebrate the 25th Anniversary of The Snowman™. This coin was incredibly sought after by collectors, not only because it was the first ever Snowman™ 50p, but because just 10,000 were minted, making it very scarce.
The Snowman™ 50p was re-issued in 2008 to celebrate the 30th Anniversary of The Snowman™.
Another Isle of Man The Snowman™ was issued in 2014 featuring The Snowman™, James and The Snowdog™. Only 30,000 were minted, making it almost as scarce as the 2003 coin.
2023 UK The Snowman™ 50p
The Royal Mint has recently issued a 2023 UK The Snowman™ 50p, the 6th in the UK Snowman™ series! It features James and his frosty friend dancing under the Northern Lights.
Secure your 2023 UK The Snowman™ 50p for just £4.99 (+£2.99 postage) >>
Don’t miss out!
The 2023 Isle of Man Christmas £2 truly is the ideal present or stocking filler for this year’s festive celebrations.
What’s more, as this coin will not enter circulation in the UK, this could be your only opportunity to own this BRAND NEW £2.
