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The 2p drought returns…2022 Mintage Figures REVEALED!
One of the biggest numismatic updates of the year comes when the latest mintage figures are announced, and The Royal Mint have just revealed the mintages of all coins that entered circulation in 2022! Each year, when this information is released, we update our Change Checker Mintage charts to see where new circulating coins rank.
We saw millions of almost every denomination enter circulation in 2022, however there was one denomination that you won’t find with a 2022 date in your change…read on to find out more.
50p Mintage Figures
Three commemorative 50p designs entered circulation in 2022, as well as the definitive Royal Shield 50p design. It was a year of ‘firsts’ as the 2022 Platinum Jubilee 50p was the first ever royal 50p to be issued and the Queen Elizabeth Memorial 50p was the first ever UK coin issued bearing King Charles III on the obverse.
With the Queen Elizabeth Memorial 50p marking a new era of coinage featuring the King, many collectors old and new were excited to find it in their change. We opened our collector map to track where they were popping up across the country, and it turned out the place most people found one was Newcastle!
Find out where the rest were found >>
Despite these new coins being extremely sought after amongst collectors, the 2009 Kew Gardens 50p remains at the top of our chart, with a circulating mintage of only 210,000!
£2 Mintage Figures
After 2016, there was a 4 year period where no new £2 coins, either commemorative or definitive, entered circulation, however this changed in 2021 when 6,045,000 Britannia £2 coins were released into circulation.
The newly released figures show that in 2022, 4,030,000 Britannia £2s entered circulation, and although the amount is considerably lower than the previous year, it is indicative that there is a demand for £2 coins.
We still haven’t seen any new commemorative £2 coin designs enter circulation since 2016, however, when this does happen next, it’ll be the first to feature the King on the obverse – another collecting ‘first’!
2022 Definitives
The mintage figures for 2022 dated definitive coins were also revealed…
- Nations of the Crown £1: 7,735,000
- Royal Shield 20p: 42,875,000
- Royal Shield 10p: 38,000,000
- Royal Shield 5p: 42,800,000
- Royal Shield 2p: 0
- Royal Shield 1p: 30,000,000
As mentioned above, you might notice something odd about one of the denominations’ mintage figure – the Royal Shield 2p doesn’t have one! But this isn’t the first time that the 2 pence piece has had a mintage figure of zero.
No 2p coins entered circulation in 2018, 2019 or 2020, however it made a comeback in 2021 with a whopping 117,700,000 entering circulation. Despite its resurgence in 2021, it seems that the 2p drought could be returning – hopefully not for 3 years this time!
It’s always exciting when new mintage figures are revealed and you realise just how rare the change in your pocket really is!
Have you been lucky enough to find any 2022 dated coins in your change? Let us know in the comments!
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
How are your coins Quality Assured? The Trial of the Pyx!
As Change Checkers, we love it when new coins are issued. But how are they quality assured? And what processes do they have to go through before ending up in our collections or our pockets?
Since 1282, an independent procedure called the Trial of the Pyx has been responsible for ensuring that newly minted coins (both circulating and commemorative) meet the legal specifications for weight, size and metallic composition. The process takes place annually and can take 2-3 months to complete, but how exactly does it work?
Credit: Matt Brown, CC BY 2.0, via Wikimedia Commons
Phase 1: The Opening
After striking, The Royal Mint randomly selects coins from each batch of denominations to be quality assessed. These coins are sealed in bags of 50 and stored in Pyx chests until the day of the trial.
On the day of the opening ceremony, the Pyx chests are transferred to Goldsmith’s Company Hall in London. The ceremony is presided over by the senior judge in the Court of Justice, the King’s Remembrancer, giving the trial the status of a Court of Law.
Credit: Firebrace, CC BY-SA 4.0, Wikimedia Commons
Did you know? The word Pyx comes from the Latin word ‘Pyxis’, meaning small box.
The trial jury, which is made up of Liverymen and more senior figures of the Goldsmiths’ Company, open each sealed bag of coins and place 1 into a copper bowl for testing by the London Assay Office, the remaining 49 are placed into a wooden bowl to be weighed.
Phase 2: Testing
The coins selected for testing are sent to the Assay Office where they are compared against a Trial plate. These metal plates, made of gold, silver, platinum, nickel and zinc, are held at the National Measurement and Regulation Office. The oldest surviving Trial plate, from 1477, resides in The Royal Mint Museum.
Credit: The Royal Mint
Next, the base metal and precious metal coins are separated, with the base metal ones going through X-Ray fluorescence spectrometry, and the precious metal ones sent for laboratory chemical testing. The main purpose of these tests is to break down the coins’ composition to check their metal content meets specifications.
Phase 3: Verdict
After rigorous testing, the Assay Office decide if the coins meet all specifications set out in the Coinage Act or by Royal Proclamation. Their recommendations are passed to the Senior Master and the King’s Remembrancer, who instruct the Goldsmiths’ Company.
Credit: The Goldsmiths’ Company
The final verdict is delivered to the Chancellor of the Exchequer or their deputy and the Deputy Master of The Royal Mint.
The oldest judicial procedure in the country
The Trial of the Pyx dates back as far as the 12th century, making it one of the oldest judicial procedures in the country. As such, should the coinage be found to be substandard, the punishment for the Master of the Mint would be a fine, removal from office or even imprisonment!
Luckily however, modern coin production processes have become far more reliable, therefore the last Master of the Mint to be punished was Sir Isaac Newton in 1696. Newton was, of course, celebrated on the Sir Isaac Newton 50p in 2017, a coin that quickly become popular with collectors. Find out what makes this coin so interesting >>
Did you know about this process? Or perhaps you’ve been lucky enough to attend the trial as a spectator? Let us know in the comments below!
The ‘Father of Fantasy’ celebrated on a UK coin – J.R.R. Tolkien £2
I guarantee that most of you will have heard of The Lord of the Rings, or The Hobbit, but do you know who created these literary masterpieces?
J.R.R. Tolkien of course – and the legendary author has been honoured on the latest UK £2 coin!
An intricate design
The 2023 UK J.R.R. Tolkien £2 features a bespoke design by artist David Lawrence, featuring Tolkien’s trademark monogram, framed by an intricately detailed runic band. Also inscribed onto the reverse design are the years of his life 1892-1973 and the words ‘Writer, Poet, Scholar’, representative of his intellect and imagination.
The edge inscription of the coin reads ‘NOT ALL THOSE WHO WANDER ARE LOST’, a quote taken from Tolkien’s poem, ‘The Riddle of Strider’, which actually appears in The Fellowship of the Ring.
The ‘Father of Fantasy’
Often referred to as the ‘Father of Fantasy’, J.R.R. Tolkien’s iconic stories inspired a whole new generation of fantasy literature, helping shape the modern fantasy genre as we know it today. He’s perhaps best known for titles such as The Lord of the Rings and The Hobbit, which are considered some of the greatest fantasy books ever written.
Credit: FlickreviewR CC BY 2.0 via Wikimedia Commons
The Lord of the Rings books have inspired countless games, tv shows and music, they’ve been translated into 38 different languages, and were of course adapted into 3 blockbuster films, which have a huge cult following.
Other works
Aside from his incredibly popular fantasy novels, Tolkien also published a number of other works, from scholarly essays to translations of Middle English. His literary legacy even continued after his death in 1973, with another cult favourite, The Silmarillion being published in 1977.
Credit: Stojanoski Slave, CC BY-SA 3.0, via Wikimedia Commons
Secure the 2023 UK J.R.R. Tolkien CERTIFIED BU £2
So, if you’re a fan of The Lord of the Rings, fantasy films or literature in general or you just appreciate beautifully detailed coins, the 2023 UK J.R.R. Tolkien £2 is definitely one to add to your collection.
To secure this new coin in superior brilliant uncirculated quality, protectively encapsulated in official Change Checker packaging, simply click here >>