Posts Tagged ‘scarce £2’

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