Posts Tagged ‘numismatics’
Your Latest Scarcity Index Update!
How sought-after are your coins? Let’s find out with the latest Scarcity Index update!
We’re delighted to share with you the latest A-Z 10p, 50p and £2 coin indexes, with all the information you need to see 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 to help you track the performance of your coins.
A-Z 10p Scarcity Index
We’re now starting to see the A-Z 10p Scarcity Index stabilise as more data is gathered from the Change Checker web app to give a more accurate representation of how sought-after each design is.
K for King Arthur and S for Stonehenge remain at the top of the index and these along with F for Fish and Chips, Y for Yeoman Warder and R for Robin are the top 5 you’ll want to be looking out for.
Are you lucky enough to have any of these in your collection?
The biggest movement on the index is an 11 place drop going to P for Postbox, which is now amongst the 5 least scarce A-Z 10p coins.
V for Villages still remains at the bottom, but I for Ice Cream has jumped up 4 places to move out of the bottom 5 coins.
It’s important to note that the A-Z 10p Scarcity Index is currently based on estimated mintage figures, assuming each coin has been struck in equal quantities. This includes the extra 2.1 million coins released in 2019. It will certainly be interesting to see what happens to the index once the official mintage figures are confirmed.
50p Scarcity Index
We all know that the Kew Gardens is the UK’s most sought-after 50p and unless it’s revealed that another 50p has an even lower mintage figure, this won’t change and we’ll continue to see the Kew Gardens at the top of the 50p Scarcity Index.
There’s been some small movements amongst the Olympic 50ps which dominate the top end of the index, with some of the coins moving a few places here and there and the Gymnastics 50p actually increasing in scarcity by 5 places.
The scarcest of the non-Olympic commemorative 50ps is Jemima Puddle-Duck, who’s position remains unchanged for this update.
Despite having a lower mintage figure, the 2017 Sir Isaac Newton sits one position below Jemima Puddle-Duck on the index, making these two and the Kew Gardens the only three coins to break up the Olympic 50ps.
Volleyball has actually moved down the index by 7 places, making it the second least scarce Olympic 50p.
Team GB rose up the index by 9 places at the last index, but has now moved back down 11 places to sit in the bottom 5 least scarce 50p coins in circulation.
£2 Scarcity Index
As with the Kew Gardens 50p, the Commonwealth Games Northern Ireland continues to sit at the top of the index due to its incredibly low mintage figure.
The other Commonwealth Games £2 coins have had a small shuffle around, with Scotland taking the spot for second scarcest £2 in circulation.
The rest of the £2 index has only seen minor changes, which is to be expected as we haven’t seen new £2’s entering circulation since 2017.
However, one change to note is the Great Fire of London, which has moved 4 places up the index.
This is actually due to the updated mintage figures which reveal that whilst the coin was previously listed with a mintage of 5,135,000 there are actually only 1,625,000 of these coins in circulation. We’ve updated our mintage figure charts to reflect this, as well as the changes to the 2016 Peter Rabbit 50p, Shakespeare Histories and Shakespeare Tragedies £2 mintage figures.
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
Your chance to own future UK 50p and £2 coins for FACE VALUE!
With fewer coins going into circulation these days, we want to give collectors a fair chance to secure the latest UK coins for face value. And, with our Face Value Coin Ballot – you can do just that!
Simply sign up to the Face Value Ballot and each time there’s a new UK 50p or £2 released, you’ll be entered into our ballot for your chance to get your hands on it for just face value POST FREE!
For new UK 50ps, we randomly select 500 people from the ballot entries list to get the latest coin in superior Brilliant Uncirculated quality for just 50p, and for new UK £2 coins, 250 lucky winners will be randomly selected to get theirs for just £2.
If you’re lucky enough to be chosen, we’ll still keep your name in the pot for all future releases – so if you’re really lucky, you might even get picked more than once!
And don’t worry, if you’re selected as a winner but decide you no longer want to purchase the coin at face value, you’re under no obligation to place your order.
Sign up to the Face Value Coin Ballot for FREE today >>
FAQs
1. How do I enter the Face Value Coin Ballot?
Simply click here and follow the step by step instructions.
2. Does it cost anything to enter the ballot?
No, it’s FREE to enter the Face Value Coin Ballot. If you are successful, we’ll email you a link to pay for your coin at face value post free.
3. Who can enter the Face Value Coin Ballot?
The ballot is open to all UK residents.*
4. If I entered the ballot previously, do I need to sign up again year?
No, if you’ve previously entered the ballot, you’ll be automatically entered for future releases – so you don’t have to do anything!
5. How many times can I enter the ballot?
Ballot entry is limited to one per household. Additional applications will not be entered into the ballot.
6. Will I need to enter the ballot each time a new coin is released?
No, you only need to enter once to be included in the ballot for all upcoming UK new issue 50p and £2 coins.
7. Will I need to enter again if I win a ballot?
No, even if you win, we’ll still automatically include you in the next ballot.
8. How will I know if my ballot entry has been successful?
The successful ballot entrants will be notified via email on launch day. You will have 7 days to confirm your reservation.
9. If I am successful, what do I need to do?
We’ll email you with a link to purchase your new coin for face value. You’ll need a credit/debit card to confirm your payment. Payment will not be taken until after the coin has been despatched.
10. If I am successful, when will I receive my coin?
You should receive your coin 3-5 working days after despatch.
11. If I am successful, do I have to complete my order?
If you are successful in the ballot, you have the choice of whether you wish to complete your application by making your payment. If you choose not to, there is no obligation to place your order and your allocation will automatically be forfeited after 7 days.
How to contact us:
If you have further questions please click here to contact our Customer Service Team
Please do NOT add [email protected] to your spam list as it may affect you receiving your successful ballot allocation. We recommend you add [email protected] to your safe senders list.
Terms & Conditions
- Ballot entry is limited to one per household. Additional applications will not be entered in to the ballot.
- The ballot will be drawn up to three days before each launch.
- The successful ballot entrants will be notified by email on the day the new coin is released.
- Successful entrants will be provided with an exclusive link to confirm their purchase of the newly released coin at face value. Please note that entrants must use the link from the email to secure the coin. We will not be able to place the order over the phone. Successful entrants will have 7 days in which to confirm their purchase. After that time their allocation will be forfeited.
- We reserve the right to vary the terms and conditions at any time, including, but not limited to, stopping the Face Value Ballot completely, closing the ballot early or extending the closing date and varying the number of coins available.
- *The ballot is not open to employees of 288 Group or their families.
Did you know that the first 10p is actually 170 years old?
2019 marks the 170th anniversary of the Florin – a coin with a fascinating history, first issued during the reign of Queen Victoria in 1849.
Whilst you certainly wouldn’t recognise it as a 10p nowadays, it was actually Britain’s very first decimalised coin, with a value one tenth of a pound.
This experiment in decimalisation didn’t take off for almost another 120 years when the 5p and 10p coins were issued, however the Florin remained in circulation until 1970 when a final edition was issued for collectors.
The Godless Florin
For hundreds of years, right up until the present day, Britain’s coinage has been diligently pious, featuring a range of different Latin inscriptions, but almost all coins feature the full text, or an abbreviation of, ‘Dei Gratia, Fidei Defensor’ – ‘by the Grace of God, Defender of the Faith’.
All coins that is, except the original Florins issued in 1849…
The introduction of these Florins was met with immediate outcry from the strongly religious Victorians of the time and the coin gained the nickname ‘the Godless florin’.
It was even suggested that an outbreak of cholera that year was the act of a vengeful God, visiting death upon the British population as revenge for leaving Him off the new coin!
Queen Victoria herself even complained and coin was replaced, meaning that to this day, the 1849 Florin is one of the most infamous coin designs in British numismatic history.
The Gothic Silver Florin
In 1851, a new Florin was introduced, known as the ‘Gothic Florin’.
The coin earned its name from the distinctive Gothic-style inscription on the obverse side, surrounding the shields of the United Kingdom.
The inscription featured a combination of upper and lower-case letters and Roman Numerals to signify the date, which are both very unusual features for a British coin.
Another irregularity with the Florin was the crowned portrait of Queen Victoria, which would have been highly unusual to the public at the time, as this new denomination was the first coin to feature a crowned monarch for over 200 years.
The ‘Barmaid’s Ruin’ Florin
A second attempt to introduce decimal currency occurred in 1887 when the double Florin was issued, valued at 1/5 of a pound.
This coincided with the year of Queen Victoria’s Golden Jubilee, yet despite the joyful occasion, for many the coin was an unwanted addition to British currency and it did not receive a warm welcome from the public.
The real reason for its introduction is disputed, nevertheless it became Britain’s second ‘decimal’ coin, just 2mm smaller in diameter than the familiar Crown, yet worth a shilling less.
The unintended consequence was that the coin was often passed off as a Crown, with naïve barmaids apparently being the most susceptible to the deception.
It’s even been suggested that more than a few barmaids lost their livelihood on the grounds that they were losing the tavern owners money, hence the nickname ‘Barmaid’s Ruin’.
Creating the Gothic Head
The ‘Gothic Head’ featured on the Florin was first produced in 1847 by Royal Mint chief engraver, William Wyon, following the success of his ‘Young Head’ portrait.
Young Queen Victoria can be seen wearing an ornate crown, with a loose braid in her hair – the first time since the coins of Charles II that a monarch had been shown wearing a crown on British coinage.
Inspired by the revival of Gothic style throughout Victorian Britain, the new design also featured gothic style text used for the inscription .
The Gothic style influenced every aspect of Victorian life, from architecture, literature, clothing and coinage.
Even today, the gothic style can still be seen in British architecture, such as the Natural History Museum and the many Victorian churches that still stand today.
Do you have any Florins in your collection and what do you think about their gothic designs?
Own a collector’s favourite – The ‘Gothic’ Silver Florin
The Gothic Florin is a firm favourite with British coin collectors for its originality, and unique style. However, our stock of this classic coin is limited so please don’t delay your reservation!