General info
Does the UK now have a new Five Guinea coin?
The new UK Longest Reigning Monarch £5 coin – not the wording ‘One Crown’ on the reverse
Does the UK now have a new Five Guinea Coin? That’s the question collectors have been asking since the Royal Mint’s revelation this morning of a brand new and very unusual £5 coin to commemorate the Queen’s historic milestone as Britain’s longest ever reigning monarch.
Both sides of the coin feature new commemorative designs, with a new effigy of Her Majesty on the obverse and the Coronation Crown she wore in 1953 as the principal focus of the reverse.
Double commemorative designs like this are not unusual for the £5 coin – for example, the recent 2012 Diamond Jubilee £5 Coin.
But what has surprised and confused collectors is an apparent double denomination which is unprecedented on a British coin.
Detail of the apparent double denomination – ‘One Crown’
The usual denomination ‘Five Pounds’ appears alongside the Queen’s portrait as it has done since the very first £5 coin in 1990. The unexpected addition is the wording ‘One Crown’ on the reverse.
Return of the Crown
The Crown denomination was first introduced in the 16th century during the reign of Henry VIII, and had a value of Five Shillings. It retained that value right up until decimalisation in 1971 when it was re-tariffed to its new decimal equivalent of 25 pence.
A total of four ’25 pence’ coins were issued between 1972 and 1981 although interestingly the new decimal denomination was never actually used on the coins and they have always been known as ‘Crowns’ owing to their identical size.
In fact historically, the denomination ‘Crown’ has very rarely appeared on the coin itself, and the words ‘One Crown’ never have, which adds even more confusion over its inclusion in the Royal Mint’s latest issue.
The Guinea was last struck in 1813 but its denomination of £1 and 5 pence is still recognised today in livestock markets and at the races.
Whilst the new coin has an official face value of £5, the extra “One Crown” wording suggests a total face value of £5.25 – the equivalent of 5 Guineas. So perhaps the new Longest Reigning Monarch Coin will become known to collectors as Britain’s New 5 Guinea Coin?
At the moment, all we can be sure of is that the unusual nature of this coin means it will be a numismatic curiosity for many years to come.
If you’re interested…
You can reserve one of these new £5 coins today – simply click here to secure your UK Longest Reigning Monarch £5 now.
Whose face would you like to see on the £20 note?
You may not be familiar with the life and work of economist Adam Smith, but chances are you’ve seen his face more often than you realise. His image has featured on the £20 banknote since 2007, but earlier this year, the Bank of England have announced plans to replace him.
They have asked the British public to nominate “people of historical significance” from the world of visual arts, and over the past 2 months there have been just shy of 30,000 nominations and 592 eligible candidates from which to choose.
The category is a broad one, and the suggestions have been diverse, with painters, authors, architects, film-makers and even fashion designers in contention.
Living people, fictional characters and anyone “unduly divisive” are not permitted.
Some of the nominations (from left to right) include Alfred Hitchcock, Isambard Kingdom Brunel, William Hogarth, Richard Attenborough, Beatrix Potter and William Blake
Ultimately it will be the Bank’s Governor Mark Carney who makes the decision, and the winner will be announced in Spring 2016, with the new note being introduced in the next 3-5 years. Launching the nominations, he said:
“There are a wealth of individuals within the field of visual arts whose work shaped British thought, innovation, leadership, values and society and who continue to inspire people today”.
So who would you like to feature on the new £20 note?
We’ve narrowed the list down to 10 front runners, and you can have your say in our poll below…
[polldaddy poll=9010391]
Ultimate Guide: The Top 10 Rarest Coins in Circulation
Have I just found a rare coin? It’s a question which collectors ask daily, and to help answer it, we’ve put together these charts showing the TOP 10 rarest coins for each of the four denominations on the Change Checker App.
How does your coin stack up against the others?
- £2 Coins – View in the Change Checker App
The Northern Ireland 2002 Commonwealth Games is the rarest £2 coin currently in circulation – in fact the four designs in the 2002 Commonwealth Games series can be found in the top ten chart. Others to look out for include both 2008 and 2012 Olympic Handover Two Pound Coin designs and the 2015 Royal Navy £2.
- £1 Coins – View in the Change Checker App
The rarest One Pound coin currently in circulation is the Edinburgh £1 – have you ever spotted one in your change? The Royal Arms is a common design which is sometimes ignored, but remember to look out for one with a 2008 date – that’s actually the fourth rarest.
- Olympic 50p Coins – View in the Change Checker App
The Olympic Fifty Pence series is very popular with Change Checkers, but in terms of rarity, there really isn’t much separating the top 10 designs. The Football ‘Offside Rule’ 50p was certainly one of the most talked about designs, and it also narrowly ranks as the scarcest.
- 50p Coins – View in the Change Checker App
As mentioned in our previous blog the rarest coin, of any denomination, is the Kew Gardens 50p. Its status as the most scarce coin has been well publicised, and as a result, many are hoarded by collectors. The chart below illustrates just how rare it is compared with other Fifty Pence designs.
Hopefully our charts will help you identify which coins you should be looking for in your loose change, and remember you can Find, Collect and Swap all your coins for FREE with the Change Checker App: www.changechecker.org/app
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Which coins are missing from your collection?
