The biggest movers yet! Your Scarcity Index Update…
It’s time for your latest Scarcity Index update, where we reveal the UK’s most sought after circulation 10p, 50p and £2 coins.
This information has been compiled using data from the Change Checker Swap Centre 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.
50p Scarcity Index
Since our last update, the top 4 circulating 50ps have stayed strong with no movement. This means the Kew Gardens 50p is of course, still right at the top, closely followed by the Olympic Judo 50p.
Further down, we’ve seen some huge movers like the Olympic Boccia 50p which has climbed 13 places and the Beatrix Potter 50p which is up 10 places. The 2017 Peter Rabbit 50p which has also shot up 15 places!
There have also been some not so fortunate coins though. The Sir Arthur Conan Doyle 50p has dropped 18 places and the 50 Years of Pride 50p is down an astonishing 27 places. The Pride 50p only entered circulation in October 2022, so perhaps most of them have made their way safely into your collections, or maybe they’re still out there waiting to be found.
If you’re new to collecting and want to find out more about circulation coins, you can check out our fact files here >>
Otherwise, keep reading to find out which 10ps and £2 coins you should be looking out for.
10p Scarcity Index
It’s all change on our 10p index this time, as every single coin has moved!
One to keep your eye on is the Angel of the North 10p which has climbed a massive 20 places since our last update. The Angel of the North sculpture in Gateshead, has become one of the most recognizable pieces of public art ever. It’s also thought to be the largest sculpture of an angel in the world. So it’s no wonder the 10p has shot up in the rankings.
We’ve also seen big moves from the Bond 007 10p which is up 14 places. This could possibly be due to the recent anniversary marking 60 years since the first James Bond book was published.
Sadly though, the X marks the spot 10p’s rise in the last update was short lived. It’s fallen by 17 places, putting it at the bottom of the list.
Remember, a maximum of JUST 304,000 of each A-Z 10p design entered circulation in 2018 and 2019, making them some of the most sought-after coins out there. So make sure you keep your eyes peeled for them in your change!
£2 Scarcity Index
The £2 index remains fairly stable. This is to be expected as we’ve not had a £2 coin enter circulation since 2016.
Of course, remaining at the top of the Index is the 2002 Commonwealth Games Northern Ireland £2. With a mintage figure of just 458,000, it’s one of the rarest and clearly still one of the most popular £2 coin designs, even 20 years after entering circulation!
A few others creeping up the ranks are the Gunpowder Plot £2 which has climbed 5 places. The Shakespeare Histories £2 has gone up 7 places.
The biggest mover though is the Florence Nightingale £2 which has fallen 10 places.
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. This allows 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 our 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. Because they are no longer being issued, this is now set in stone.
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Sir Isaac Newton 50p becomes EVEN MORE collectible
The Sir Isaac Newton 50p is one of the most popular 50ps in circulation. Shortly after it was issued in 2017, it ranked as the second rarest 50p in circulation after the Kew Gardens 50p, with a mintage figure of just 1.8 million.
Due to its huge popularity, the following year The Royal Mint announced that collectors would be able to strike their own 2018 dated Sir Isaac Newton 50p at The Royal Mint Experience. The 2018 dated coin became one of the rarest 50ps, as the only way to get one was to strike your own.
What makes this 50p so popular?
The coin’s incredibly detailed reverse design by Aaron West is based on elements of Propsition 11, in Book One of Newton’s Principia Mathematica. It also pays tribute to the legacy of Sir Isaac Newton, a genius of the Scientific Revolution and one of the most famous figures to ever hold the role of Master of the Mint.
Change Checkers even voted the 2017 Sir Isaac Newton 50p as their all time favourite Queen Elizabeth II circulating 50p in a poll last year.
An interesting error
As if this coin’s incredible popularity, intricate design and low mintage figure weren’t enough to make it extremely collectible, there’s something else you should look out for...
Several collectors have reported finding an error on their 2017 Sir Isaac Newton 50p. The reverse design looks normal, however the obverse appears to have several extra lines across Queen Elizabeth II’s portrait.
Credit: @The50pC on Twitter
This is thought to be an error caused during the striking process, a result of what is known as a die clash. Interestingly, the extra lines aren’t grooves scratched into the surface of the coin, but rather ‘whiskers’ standing slightly proud of the surface.
How rare is it?
Although we don’t know for sure how many of these error coins are in circulation, they’re thought to be extremely rare. They’ve even been listed on the secondary market for more than 100 times face value!
Always make sure you’re careful buying coins on the secondary market to avoid being overcharged.
Have you ever found an error coin in your change? Or perhaps you have this one? Let us know in the comments below!
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Your guide to collecting King Charles III coins
Since the passing of Queen Elizabeth II in September 2022, there’s been a huge shake up in the numismatic world. Not only have collectors been rushing to secure the very last coins featuring the late Queen, but wanting to be the first to own new coins bearing King Charles III’s effigy.
Here are some tips to guide you in building your King Charles III coin collection.
1. Use cash
It may seem obvious, but the best way to increase your chances of finding a King Charles coin in your change is to use cash. And where possible, ask for your change to be given in the denominations you’re interested in.
For example, if you’re looking for the Queen Elizabeth Memorial 50p, which is the first coin to enter circulation featuring the King on the obverse, ask for your change in 50ps.
2. Look closely
Make sure you’re looking closely at the coins in your change to check whether you have a commemorative coin, especially one featuring His Majesty.
The most obvious difference will be the effigy on the obverse of the coin. But it’s also a good idea to familiarize yourself with the reverse designs of commemorative coin so you know what you’re looking out for.
3. Do your research
The best way to identify coins you’ve found in your change is by using our Change Checker Web App.
Simply select the denomination, year and obverse monarch of the coin you’ve found to view all the possible coins it could be. You’ll find information like mintage figures and facts about the theme or designer.
You can also find much more information about your coin on our blog.
4. Check our scarcity index
Something else you’ll find on our web app is where each coin ranks on our scarcity index.
We combine mintage figures with how often a coin has been listed in collections to determine how scarce and sought after each coin is. Our scarcity index is updated quarterly as there can be some pretty big shake ups in the rankings.
5. Swap with others
If you’re looking for a specific coin and aren’t having any luck finding it in your change, you can use the swap centre on our web app or our Facebook community group to swap coins with other collectors.
Who knows, someone else might just have the coin you’re looking for!
Happy Hunting!
So there you have it, 5 tips you can use to start collecting King Charles III coins!
You may already have an impressive collection including some new King Charles coins. If so, post a photo of yours on social media and tag us, we’d love to see them!