Posts Tagged ‘Royal Mint’
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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£5 Coins – My top 5 designs
The UK £5 coin is legal tender, but you won’t ever find one in your change. They were first issued in 1990 and are usually reserved for commemorating Royal occasions. But many others also commemorate significant British anniversaries, and they are a favourite among collectors because of their interesting and powerful designs. I’ve picked out my top five here.
The Millennium £5 with Millennium Dome mintmark
In the build up to the New Year’s Eve in 1999 these coins were widely given as a souvenir of the historic moment we shared when the clock ticked over into the new millennium. Jeffrey Matthews captured this perfectly with his clock hands passing through Greenwich, positioned at midnight. A limited number of these £5 coins were struck at the Millennium Dome and bear a small Dome mintmark (circled). You can count yourself lucky if you’ve got one of these rarer and more valuable versions!
Trafalgar £5 featuring HMS Victory
One of the greatest landmarks in British history, the Battle of Trafalgar was fought on 21st October 1805. The Royal Mint marked the bicentenary with two £5 coins. The first of these designs by Clive Duncan, shows Nelson’s flagship Victory leading the fleet into battle. HMS Victory is in service to this day as the flagship of the Commander-In-Chief, moored in Portsmouth dockyard.
Entente Cordiale £5
The Entente Cordiale was a series of agreements between Brtiain and France which ended nearly a millennium of intermittent conflict between the two countries. To mark the centenary in 2004 the Royal Mint released this commemorative £5 coin. The reverse design by David Gentleman features an unusual and striking combined image of Britannia and her French counterpart, Marianne, to symbolise the bond between Britain and France.
Restoration of the Monarchy £5
2010 Restoration of the Monarchy £5
In 1649, following the English Civil War and the subsequent execution of Charles I, the British monarchy was abolished and the kingdom became a republic with a new government presiding – the ‘Protectorate’ – led by Oliver Cromwell. This £5 coin issued in 2010 marks the 350th anniversary of the restoration of the monarchy under Charles II in 1660. The reverse design features a simplified version of Charles’ crown with the inclusion of oak leaves. Amidst the oak leaves the coin also features a rose and thistles representing England and Scotland respectively.
The Official Olympic £5
This is the Official Olympic £5 coin issued for London 2012, and aside from being a piece of Olympic memorabilia, what sets it apart from other £5 coins is that it was designed by a member of the public. The design was chosen as part of the Royal Mint’s nationwide competition open to art and design students in higher education. Saiman Miah’s creative idea features the iconic buildings of the London skyline and the River Thames within a central circle. The outer ring features pictograms in the style of a clock face, representing various sports at the London 2012 Games.
How many have you got in your collection?
Available in the Change Checker Shop
The £5 is the UK’s flagship coin, and we now have a limited number of £5 coins available in the Change Checker Shop
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The Royal Mint Coin Packs which look destined to become rarities
As every collector knows, an error can add significant value to a coin. You only need to look at the undated 20p saga to realise just how much impact a simple human mistake can have. Those 20p coins with a mismatching obverse and reverse still frequently sell for as much as £50.
But sometimes it also pays to look further than the coin itself for such slip-ups.
Brilliant Uncirculated presentation packs, or BU Packs, are issued annually by the Royal Mint and are a collector’s item in their own right. They contain a full set of uncirculated coins for the year, along with illustrated packaging and more information about each coin.
These packs are equally prone to human errors, and this year has already been an eventful one in that respect.
In fact neither of the £5 coins in the 2015 BU Packs have edge inscriptions
2015 Annual Coin Set
If you were among the first collectors to secure a 2015 UK Coin Pack from the Royal Mint, the likelihood is you’ve been sent one with a printed error.
The specification in these original packs states an edge inscription for both the Battle of Waterloo and the Churchill commemorative £5 coins, but in fact both of these base metal coins have milled edges with no inscription. Once the Royal Mint were made aware of the error, the packaging was promptly changed to remove the text, but of course a significant number of packs had already slipped the net.
The New Portrait BU Pack
A watermark was overlooked in this image of the Queen and Prince Philip
The latest presentation pack was issued recently to mark Jody Clark’s new effigy of the Queen, with all coins featuring his new portrait.
Again, if you were quick to snap up one of these packs you may have noticed a couple of mistakes which were overlooked in production.
The first is an errant photographic library watermark which somehow found its way onto the final packaging, and appears in an image of the Queen and Prince Philip.
Ian Rank-Broadley is mistakenly named as the obverse designer
The second and more surprising mistake to look out for is the specification on the reverse stating Ian Rank-Broadley FRBS rather than Jody Clark as the obverse designer of the new coins.
At the time of writing, we understand the Royal Mint has withdrawn the pack from sale and are awaiting a re-print.
For now, it is impossible to say precisely how rare these packs are, and it is unlikely that the Royal Mint will ever disclose the exact number.
It’s normal to feel short-changed if you’ve bought any item which has a defect. However, if you have recently added one of these error packs to your collection, you have actually secured something which is quite special to collectors, and may turn out to be highly prized in years to come.