Posts Tagged ‘Rare coin’
Always ‘Pemember’ the facts about rare £2 coins
Every keen collector knows that it is worthwhile paying close attention to the small details of your coins – it’s the only way you can ever hope to spot an error. However, it’s also important to know when you have a genuine rarity. There are a few stories which crop up more often than others, and hopefully this post will help dispel some of the myths about the £2 coins you can find in your change.
2005 ‘Pemember, Pemember’ Gunpowder Plot £2
The edge inscription of the Gunpowder Plot £2 appears to be spelt incorrectly
The 2005 Gunpowder Plot £2 commemorates the 400th anniversary of Guy Fawkes’ failed assassination attempt on King James I, but the coin is more familiar to collectors for having a spelling mistake in the edge inscription. The timeless quote “Remember, remember the fifth of November” has been found with various combinations of Pemember, Pemembep, Novemebep and so on. The common factor here is the ‘R’ which appears as a ‘P’.
Sadly for collectors this is apparently not a striking error. The explanation from the Royal Mint is that the down-stroke of the R coincides with the milling around the edge, and as the coin has worn over time, the letter has become less defined. This categorical statement from the Mint means that any mark-up in price for a supposed ‘error’ is completely unjustified, and although it makes the coin more interesting, it is not the mistake which it is often perceived to be.
2007 Abolition of Slavery £2
There is a misconception that there were two types of the Abolition of Slavery £2 coin struck for circulation. It is true that two versions of the coins exist – one has a textured finish whereas the other has a smooth finish and features the artist, David Gentleman’s initials (circled). The key difference is that only the textured version was struck for circulation, and if you find one of the smoother types in your change, you have actually found a coin which has been taken out of a presentation pack. This makes it considerably rarer than the circulating version, so it is worth keeping rather than spending!
1997 Maklouf ‘Queen with a Necklace’ £2
The Maklouf ‘Necklace’ £2 was only issued in 1997
The ‘Queen with a Necklace’ £2 has an enduring legacy in the collecting world. The very first bi-metallic £2 coins were issued in 1997, just prior to the Queen’s portrait change in 1998. This meant that the older portrait by Raphael Maklouf was only used for one year: 1997. His version featured Queen Elizabeth II wearing a necklace, which is how the nickname was derived.
When the portrait change was announced, the new £2 coins were snapped up by collectors believing them to be a future rarity. As it turned out, a mintage of nearly 14 million means the ‘Queen with a Necklace’ £2 is not one of the rarest coins in circulation. Nevertheless, with only one year of issue, it still holds an undeniable interest for collectors.
It’s the little details like these that make collecting so interesting – and hopefully we’ve shed a bit more light on some of the most popular myths. Do you have any of these coins in your collection?
Own the UK 2007 Royal Mint Brilliant Uncirculated Pack
This Brilliant Uncirculated collection features nine coins which were released in 2007, including the Abolition of Slavery £2 coin.
Each coin in the pack is struck to the Royal Mint’s Brilliant Uncirculated quality, ensuring they are in superior condition compared to the coins you find in your change
Click here to buy yours today.
The £2 coin that never was…
A £2 coin is a familiar sight to us – the gold coloured outer ring with the silver-coloured inner section is instantly recognisable in our loose change. That bi-metallic style was first issued for general circulation in 1997.
But did you know that the very first version was actually struck in 1994?
Not many people know it exists, but it is highly sought after by collectors.
The reverse design of the trial piece features a three-masted sailing ship – thought to be the Mayflower
The reason this coin has remained largely unknown is that it was only issued as a trial piece, and was never legal tender. Trial pieces are used by the Royal Mint to test the minting process of a new coin, and to help the automatic vending industry re-calibrate their machines in preparation.
Other than the handful given as samples for testing, this trial £2 coin was only ever issued in a presentation pack (pictured) and was billed as “The United Kingdom’s first bi-colour coin”.
The packs contained examples of the outer and inner blanks and a nickel-brass ring to demonstrate the stages of production involved with this innovative new style.
The £2 trial pieces were only made available to the general public in presentation packs
The trialled reverse design features a three-masted sailing ship. Although the ship is not named, it is likely to be the Mayflower, which set sail from Plymouth to America to establish the first permanent New-England colony. The outer ring bears the inscription Royal Mint Trial with the date, 1994.
So, how rare are these 1994 trial £2 coins?
There were just over 4,500 packs issued which makes it an incredibly rare example of a bi-metallic £2 coin.
“…more than 100 times rarer than the
rarest £2 coin in circulation.”
To put that into perspective, the £2 coin with the lowest mintage currently in circulation is the 2002 Commonwealth Games Northern Ireland design. It has a mintage of 485,500. This means the 1994 trial piece is more than 100 times rarer than the rarest £2 coin in circulation.
They are not easy to get hold of, though. If you have one, you are in a very select group of collectors. These packs often sell for well into three figures on auction websites such as ebay. Not a bad return for a £2 coin!
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How rare is the Royal Navy £2?
The Royal Navy £2 commemorates the Royal Navy’s efforts in World War One and is known as the 3rd rarest £2 coin in circulation.
The coin features a battleship design by military artist David Rowlands and the 5th portrait of Her Majesty Queen Elizabeth II, but just 650,000 2015 Navy £2 coins were struck for circulation, making it very sought-after amongst collectors.
But you may have also heard about the small number of Royal Navy £2 coins which were issued to HMS Belfast and its visitor facilities in 2015 – 100 of them to be precise. The story was widely covered, including being featured by the BBC. Naturally plenty of excitement ensued amongst collectors, many of whom flocked to HMS Belfast in the hope of finding one.
The 100 Royal Navy £2 coins distributed at HMS Belfast all carry the Ian Rank-Broaldey FRBS portrait of the Queen
The distinguishing feature of these 100 coins is that they all carry the portrait of Queen Elizabeth II by Ian Rank Broadley FRBS whereas those issued for general circulation later in the year then featured the Queen’s new portrait which was announced 2nd March 2015.
However, the Brilliant Uncirculated Royal Navy £2 packs which were originally made available in 2014 also feature Ian Rank-Broadley’s current effigy of the Queen, and there is nothing fundamentally different between these and the 100 issued to HMS Belfast.
Inevitably, scammers capitalised on these blurred lines and a large number of coins purporting to be from HMS Belfast started to crop up on eBay for extortionate amounts. Whilst we can’t prove or disprove the legitimacy of the listings it is nonsensical to bid on a coin which can in no way be authenticated as one of the 100 rare issues. And as we know, when it comes to collecting, there is one fact which is always inevitable – the rarest coins are always in highest demand.
A Royal Navy £2 claiming to be from HMS Belfast selling on ebay for over £100
So although the dust has settled and the Navy £2 is no longer the talk of the town, it is still a staple coin for any collection (even without the Ian Rank-Broadley portrait) and if you come across one in your change, it might just be worth hanging on to!
Own the 3rd rarest £2 coin in circulation!
If you would like to own this rare Royal Navy £2 Coin, you can order yours today.