Coin News
Is time up for our 2ps? Production of 2p and £2 coins could be halted for the next 10 years!
In March 2015, the UK treasury confirmed that 1p and 2p coins will continue to be used “for years to come”. However, it has recently been suggested that due to a cash usage slump, The Royal Mint is set to go ten years without producing anymore 2p coins!
But it’s not just our coppers at stake.. The same applies for £2 coins, as it has been revealed that in March 2020, The Royal Mint was sitting on 26 times as many £2 coins as it needed to.
According to the National Audit Office’s report into Britain’s cash usage, the number of coins produced each year by The Royal Mint fell by nearly two-thirds between 2011 and this year.
Less than a quarter of all payments were made by cash last year, according to figures released in June by the banking trade body UK Finance.
It’s fair to assume that even less cash has been used since the start of 2020 due to the coronavirus leading to fears of cash usage and a move to more contactless payments.
However, The Mint told Britain’s spending watchdog that there had been ‘sharp increases in demand’ for change ‘as many businesses and consumers hoarded coins in the early months of the pandemic’.
As a result, the Treasury ordered The Royal Mint to strike 60 million additional 1p coins over the summer to meet this new demand. So make sure you keep your eyes peeled for these new 1p coins, especially if you’re collecting dateruns!
The Royal Mint are required to forecast the demand for small change to ensure it keeps enough coins in stock without striking too few or too many, but with significant fluctuations in consumer behaviour in recent years, this has no doubt been a challenge.
In 2017, after the introduction of the new 12-sided £1, The Royal Mint saw a swell in its coin stocks as people rushed to return their round pounds, ending up returning loose change of other denominations at the same time.
According to the NAO, at the end of March, The Royal Mint aimed to hold 700,000 £2 coins, but actually held 18.7million. And rather than holding its target of 15.9million 2p coins, it held 127.1million.
As a result, in March of this year, The NAO said The Royal Mint had estimated ‘it did not envisage producing any new 2p or £2 coins for at least 10 years’.
We haven’t seen a £2 enter circulation since 2016, so, could this mean that those 2016 dated £2s and 2017 dated 2p coins are the last of their kind? We certainly hope not.
But what about our coppers? Do you think we still need 1p and 2p coins in circulation? Have your say by voting in our poll on Facebook.
And what could the future for Britain’s definitive coinage be if the 1p and 2p coins were removed? Currently the definitive coins from 1p to 50p come together to create The Royal Shield, but with two key pieces missing, could this lead to a complete re-design?
We’d love to hear what you think about the use of cash vs card and the demand for our smaller denominations, so leave us a comment below to share your thoughts.
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
Brand new Agatha Christie £2 celebrates 100 years of mystery!
Agatha Christie’s first novel The Mysterious Affair at Styles was published in 1920 and it kick-started the nation’s love of her detective novels and murder mysteries.
In 2020, to mark 100 years since her first publication, The Royal Mint celebrates the world’s best-selling novelist with this brand new 2020 UK Agatha Christie £2.
2020 UK Agatha Christie £2
David Lawrence’s design of this coin pays homage to Christie’s crime novels, with a piece of a jigsaw slotting into place and her signature at the bottom.
The coin also features the edge inscription ‘100 years of mystery 1920’-2020’ to mark this very special anniversary.
Issued initially as part of the 2020 Commemorative Coin Set, this brand new £2 coin has just been individually released and is available in Brilliant Uncirculated quality for JUST £8.99 (+p&p)
Murder, Mystery, and Masterpieces
After the end of the First World War, Christie published her first novel The Mysterious Affair at Styles. This incredibly popular story introduced readers to one of Christie’s most famous characters – Belgian detective Hercule Poirot*.
Writing well into her later years, Christie wrote more than 70 detective novels as well as short fiction. Her books have been made into films, television, and radio programmes. In 1971, she was made a Dame of the British Empire for her outstanding contribution to Literature.
In 2020, she is celebrated once more with this brand new £2 coin and she becomes another UK author to be commemorated on UK coinage…
2016 Shakespeare £2 Series
William Shakespeare is the most influential literary figure in British history and his works are an important part of Britain’s cultural heritage.
In 2016, a series of three £2 coins were issued to mark the 400th anniversary since his death and to celebrate his greatest works.
Each coin’s design takes inspiration from some of Shakespeare’s greatest works, including Macbeth (pictured right), A Midsummer Night’s Dream (central) and his most-famous love tragedy (pictured left).
All three coins entered circulation but the Comedy £2 has the lowest circulating mintage – just 4,355,000!
2017 Jane Austen
In 2017, to celebrate the life and works of one of Britain’s best-loved authors, The Royal Mint issued this Jane Austen £2.
Jane Austen is one of the best-loved English novelists from the 19th century. Her novels were revolutionary and from her first novel, Sense and Sensibility, readers began a love affair with her fiction that has lasted two centuries.
Designed by Dominique Evans, a portrait of Jane Austen features on the reverse of this coin. It did not enter general circulation and was issued in collector quality only.
2019 Sherlock Holmes 50p
In 2019, to mark 160 years since the birth of Sir Arthur Conan Doyle, The Royal Mint issued this 50p coin.
The prolific writer is best known for his incredibly popular detective stories featuring the fictional Sherlock Holmes™. It is said his works revolutionised the crime genre, and despite Doyle sharing an ambivalent relationship with his famous character, Holmes’ popularity resulted in Doyle becoming one of the best-paid authors of the time.
The reverse has been designed by Stephen Raw and features a silhouette of Sherlock smoking a pipe, surrounded by a few of his most-famous story titles.
It entered general circulation but the exact mintage figures have not been confirmed yet!
2012 Charles Dickens £2
The Charles Dickens £2 coin was issued by The Royal Mint in 2012 to commemorate the 200th anniversary of one of Britain’s most famous and beloved writers.
His enchanting stories, vivid characters and depiction of Victorian life are widely acknowledged across the world by critics and scholars alike and his novels and short stories continue to be widely popular.
The design features Dickens’ recognisable profile crafted from the titles of his most famous works and is a favourite amongst collectors.
This coin was released into general circulation and has a mintage of 8,190,000.
2018 Mary Shelley’s Frankenstein £2
This £2 coin was issued by The Royal Mint to celebrate the 200th anniversary of the publication of Mary Shelley’s famous novel Frankenstein; or, The Modern Prometheus.
Whilst on holiday in Geneva Mary Shelley and her poet friends, including Lord Byron and future Husband Percy Shelley, decided to have a competition to see who could write the best horror story. Out of this Mary Shelley created Frankenstein, a story about a scientist’s scary act at playing God and creating life. It went on to become one of the best loved gothic novels.
The reverse of this gothic coin was designed by Thomas Doherty and features the words ‘Frankenstein’ in an electric gothic font. It features the edge inscription, Bicentenary of Mary Shelley’s The Modern Prometheus.
It did not enter general circulation.
2016 Beatrix Potter Anniversary 50p
To celebrate the 150th anniversary of the birth of Beatrix Potter, the Royal Mint have released this 50p to celebrate Beatrix herself.
Designed by Emma Noble, the coin includes elements that celebrate Beatrix as the artist behind some of the best-loved characters in children’s literature along with the nostalgic font used for the inscription.
This coin entered general circulation and has a mintage of 6,900,000.
We love seeing Britain’s best-loved authors come to life on our UK coins, but which author coin is your favourite? Comment below!
Secure the 2020 UK Agatha Christie £2 to your collection today!
To secure yours in Brilliant Uncirculated quality for just £8.99 (+p&p) click here >>
* AGATHA CHRISTIE, POIROT and the Agatha Christie Signature are registered trademarks of Agatha Christie Limited in the UK and elsewhere. All rights reserved.
75th Anniversary of the End of the Second World War commemorated on BRAND NEW £5 coin!
2020 marks the 75 years since the end of the Second World War and in commemoration this brand new UK £5 coin has been issued, honouring the struggles and sacrifices made to achieve lasting peace.
Designers Matt Dent and Christian Davies have included the words ‘WAR’ and ‘PEACE’ on the reverse of this coin. This brand new £5 coin’s design was said to be inspired by stone war memorials, paying tribute to the millions of lives lost during the six years of conflict.
To mark this special anniversary, this £5 coin has been issued in a number of different specifications, including Brilliant Uncirculated quality for just £10.99 (+p&p).
Victory in Europe and Japan
Whilst Victory in Europe (VE) Day in May 1945 marked the start of the end of the war, in the Far East, Japan was yet to be defeated and the war raged on for three more months.
Atomic bombs were used by American forces, which largely destroyed the cities of Hiroshima and Nagasaki on August 6th and 9th and left devastating effects of nuclear radiation for decades to come.
Although he never used the word ‘surrender’, the Japanese emperor Hirohito announced on the 15th August 1945, that he had told his government to accept the demands of the Allies and thus, over Asia and the Pacific, Japanese troops began to lay down their weapons.
This announcement marked the official end to the Second World War for all countries and nations involved.
To celebrate the 75th anniversary of this day and the end of the Second World War, The Royal Mint have issued this brand new £5 coin to preserve the history of this momentous day for generations to come.
But this new release isn’t the only UK coin to commemorate past military conflicts or battles…
2020 UK Victory in Europe Day £2
Issued by The Royal Mint, this 2020 VE Day £2 features a woman holding a newspaper aloft in a crowd of celebrating people, set against a backdrop of the word VICTORY.
2020 marks a particularly poignant anniversary as we celebrate 75 years since Victory in Europe Day. Many celebrations had been scheduled to mark this joyous occasion, including rescheduling the Early May Bank Holiday to the 8th, but were not able to take place due to the pandemic.
In place of the big parties that were planned, people took to their doorsteps to sing and raise a glass over their fence with their neighbours!
The edge inscription of this coin reads ‘JUST TRIUMPH AND PROUD SORROW’ which is incredibly fitting for a coin which marks such a historic anniversary.
2019 D-Day Landings £2
D-Day was the largest seaborne invasion in history. It took place on 6th June 1944 and began the liberation of German-occupied France during WWII, laying the foundations of the Allied victory.
Designed by renowned Royal Mint engraver, Stephen Taylor, this coin was issued in 2019 to mark the 75th anniversary of the D-Day landings. It features arrows each pointing across the English Channel to Normandy. Each arrow also has one of the code names used for each of the beaches where Allied troops landed – Utah, Omaha, Gold, Juno, and Sword.
This £2 coin is a timeless tribute to the thousands of Allied troops who fought tirelessly and sacrificed their lives to make the Normandy landings a success.
2015 Battle of Britain 50p
The Battle of Britain was an intense air battle fought mainly throughout the summer of 1940 between Germany and Britain. The name for the conflict was derived from a Winston Churchill speech in which he said “The Battle of France is over. I expect the Battle of Britain is about to begin”.
Ultimately it was a decisive victory for the RAF and Britain, and crucially it was the first time Germany had faced defeat in World War Two. The reverse design of this commemorative 50p depicts three airmen scrambling towards their planes.
This coin has a circulating mintage of 5,900,000.
2018 First World War (Armistice) £2
Armistice marked the start of the end of the First World War and the victory of the Allies on the eleventh hour of the eleventh day of the eleventh month in 1918.
In 2018, to commemorate the 100th anniversary of this significant victory, The Royal mint issued this £2 coin. It was issued as part of a commemorative £2 coin series from 2014-2018 to mark the centenary of the First World War.
The reverse was designed by Stephen Raw and features the words ‘The truth untold, the pity of war’, from the Wilfred Owen poem Strange Meeting. The words stand out on a mud-like background in the centre of the £2.
2018 RAF £2 Series
The Royal Air Force was formed on April 1st 1918, in the early years of aviation. It was the world’s first independent air force, and is recognised today all over the world for its capability, courage and innovation.
In 2018, a series of £2 coins were issued, including the coin pictured above, commemorating the centenary of the RAF’s establishment.
Each stunning design features an iconic RAF aircraft, from the modern F35 Lightning to the famous Spitfire, with the first coin in the series being this £2 coin, which celebrates the Royal Air Force as a whole.
The reverse features a design by Rhys Morgan of the Badge of the RAF – an eagle flies in front of a circle inscribed with the official motto ‘Per Ardua Ad Astra’, which is Latin for ‘Through adversity to the stars’, with the Imperial Crown at the top.
If the popularity of previous military themed coins is anything to go by, we’re expecting this brand new £5 coin to be a firm favourite with collectors!
What’s your favourite military coin that you have in your collection? Let us know in the comments below.
