Posts Tagged ‘Royal Mint’
The story of the undated 20p
It’s regarded by many as the Holy Grail of change collecting, and back in 2008, the undated 20p saga encouraged an entire country to start carefully checking their coins. In fact plenty of collectors are still doing just that in the hope of finding one.
Online sellers have set prices sky high, with one seller asking for an astonishing £10m for the the coin! However, although these chancers are unlikely to see their coin actually selling for that price, some people have been willing to pay in the thousands for the chance to own one of these rare coins.
The story of the coin
If you’re not familiar with the story of the undated 20p, this is it:
In 2008, the reverse of each denomination from 1p to £1 was redesigned by Matthew Dent to feature a different part of the Royal Arms Shield. The 20p had previously included the date on the reverse, but with the entire face of the coin now devoted to the new design, the Royal Mint produced a new die with the date on the obverse (Queen’s head) side.
However, when the new Royal Shield 20p coins were struck for circulation, the old die was accidentally used, meaning a batch was issued with no date on either side of the coin.
Coins with mismatched sides like these are known in the collecting world as ‘mules’ – the name deriving from the hybrid offspring of a horse and a donkey. Mule coins are always highly coveted, but they rarely receive the kind of mainstream media attention afforded to the undated 20p.
The undated 20p was the first coin issued for circulation in over 300 years without a date on either side
The first for 300 years
The undated 20p became the first coin in over 300 years to enter circulation without a date, and when the story broke in the press, it caused a frenzy not just in the collecting world but amongst the general public who realised they stood just as good a chance as anyone of pulling one out of their change.
Estimates have varied over the years but The Royal Mint confirmed in a statement that no more than 250,000 coins made it into circulation.
Various stories in the media helped to fuel wild estimates of the value of an undated 20p
Stories from numerous media outlets fuelled rumours about the coin’s value. Experts suggest that the faulty 20ps could be worth £50 each, however sellers on eBay listed the coins for thousands, with one lucky seller fetching a colossal £7,100 (35,500 times face value).
Of course, a coin with such a high mintage could never really be worth that sort of figure, and in recent years the average selling price for an undated 20p has levelled off. Nowadays they normally sell for around the £50 mark which I’m sure you’ll agree is still not a bad return for a 20p coin!
In terms of rarity, you are approximately twice as likely to find an undated 20p as you are the famous Kew Gardens 50p. However, ordinarily an undated 20p will sell for more. But why?
The reason quite simply is that everyone loves a good story.
The fact that the coin only exists by way of a freak accident really adds to its appeal, and makes it a collector’s item in every sense of the term. So remember to have a good look at your 20p next time you’ve got one in your hand. A flip of your coin could be worth a lot more than you thought.
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
The best £1 design ever?
It’s not often that such eager anticipation surrounds the issue of a new £1 coin, but the new Royal Arms £1 has captured the imagination of Change Checkers ever since it was revealed at the end of last year.
It is the fourth Royal Arms design since the £1 coin made its debut appearance in 1983 but in a recent Facebook vote, our fans have already hailed it as their favourite, months before its scheduled release date. And it is easy to understand why.
Timothy Noad’s new Royal Arms design is due to enter circulation later this year
Timothy Noad’s contemporary interpretation of the classic British emblem is both bold and original. His design covers a substantial portion of the coin’s reverse, bringing the smaller and normally indistinguishable details to life.
The traditional quartered shield is of course the same, but the crowned lion and unicorn flanking it are far more striking. Noad has also included a subtle twist on the usual design, with a rose, thistle, shamrock and leek at the bottom to represent the four constituent countries of the United Kingdom.
But the coin’s appeal does not stop at its design. It is the very first £1 coin to feature the new portrait of Her Majesty by Jody Clark. It could also be one of the final designs to feature on the pound coin as we know it. The new 12-sided shape will be introduced in 2017 and the window for new designs is getting ever smaller.
Can’t wait?
If you can’t wait to find the new Royal Arms £1 in your change, you can own not one but FIVE straight from the Mint – keep one and swap the rest! The Royal Arms £1 Swapper’s Pack is available now for just £10…
Is this the most important moment ever captured on a coin?
It’s not often that The Royal Mint commemorate an event which occurred as many as 800 years ago, but the Magna Carta warrants every bit of recognition in this very special anniversary year.
In 1215, after King John violated a number of the ancient laws and customs by which England had been governed, his barons forced him to agree to a new set of rules. They rebelled against excessive taxes, formed an army and captured London. John had no choice but to negotiate. To appease the rebels, he produced the Magna Carta and the Royal Seal was attached on 15th June of that year at Runnymede, near Windsor Castle.
The new Magna Carta £2 will enter general circulation later this year
That historic moment is captured on a new £2 coin and features King John holding the Magna Carta and flanked by two barons. Designed by veteran coin artist John Bergdahl, the very distinctive medieval-style lettering is also befitting of the era.
But the edge inscription FOUNDATION OF LIBERTY is the most accurate and succinct description of what the Magna Carta or ‘Great Charter’ represents.
It is certain that King John had not intended to produce a parchment enshrining the basic tenets of human rights, but the elements of the Magna Carta were just that. For the first time an English king had set detailed limits on royal authority and, crucially, made clear that the king was subject to the law and not above it.
The Magna Carta was arguably the most significant early influence on creating the rule of constitutional law today in the English-speaking world. In fact, it is still cited in many legal cases today – even in America.
The Magna Carta £2 is due to enter general circulation later this year – make sure you keep an eye out for one in your change!