Coin News
Where are all the coins? US Covid-Driven Coin Shortage!
The United States are facing a nationwide coin shortage in the midst of the coronavirus pandemic – urging members of the public to use cash where possible to help ease the coin crisis.
As more people turn to online shopping and contactless payments and avoid using physical money due to the virus, the normal flow of currency has been severely interrupted.
Last year, third-party coin processors and retailers accounted for around 83% of coins in the US coin supply chain.
However, as many stores have been closed and with the US Mint briefly slowing production to implement safety measures, further interruptions to this supply chain have been caused.
The effects mean that as stores are reopening, retailers are quickly exhausting their cash inventories, with some now advising customers they may not be able to provide change in coins.
Solving the US coin supply problem
The US Mint is now asking people to return any coins they might have lying around and to use exact cash for purchases to help replenish the country’s supply.
The Fed have even convened a US Coin Task Force, working to restore the vital coin supply chain.
And what’s more, one particular bank has even started paying members of the public to return any spare change.
UK Coin Shortage?
With the UK public being urged to use contactless where possible during the pandemic, could we too being facing a similar issue soon?
In recent years demand for cash in the UK has dropped, not simply because card payments have increased, but also due to the introduction of the 12-sided £1 coin in 2017.
As members of the public were tasked with returning their old round pound coins to the bank, other denominations, loose change and unwanted coins were also returned, meaning a surplus of cash was injected into the system.
We’ve certainly felt the effects of this with the lack of new coins entering circulation in the last few years.
Secondary Market Coin Prices
We recently updated the Change Checker eBay Tracker, revealing the average selling prices for the top 10 UK coins and banknotes.
Amazingly, there’s been an 18% increase in the overall value of these issues – the biggest increase we’ve seen since the Tracker began!
With less cash being used in the past few months, it’s likely collectors are heading to the secondary market to get hold of certain coins, rather than waiting to find them in their change.
Additionally, with more time being spent at home and people seeking new hobbies to keep themselves entertained, new collectors are perhaps becoming more aware of rare and collectable coins that might be worth owning and as a result, are heading to the secondary market to get hold of one.
We’ve seen this increased demand on the secondary market driving up the prices, particularly for the more rare and sought-after coins.
Now, as more retailers open up shop in the UK and the country starts to head towards the ‘new normal’, will we start to see more cash exchanging hands once again? And will collectors be able to start hunting down coins in their change once more?
Perhaps one of the biggest questions on collector’s lips will be whether we’ll see an increase in demand, leading to new commemorative coins being released into circulation…
At Change Checker HQ we’ve certainly got our fingers crossed!
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
Winnie the Pooh 50p series – What we know so far…
“Sometimes the smallest things take up the most room in your heart” said Winnie the Pooh.
Well, it seems this silly old bear is right once more, as Change Checker has just heard that a brand new Winnie the Pooh 50p coin series is set to be released this year, and the news has already taken up all of the room in our hearts!
*** UPDATE ***
It has been confirmed that the BRAND NEW Winnie the Pooh 50p will be released Wednesday 23rd September!
Remember to sign-up for updates using the form at the bottom of this blog to stay up to date.
As of the Royal Proclamation on 24th July 2020, a series of 50p designs, inspired by the classic stories of A.A. Milne, will be issued to celebrate one of the world’s most-loved bears and his friends.
It has been confirmed that there will be three 50p coins issued. The first will feature Winnie the Pooh himself and then later, a Christopher Robin 50p, and a Piglet 50p.
Originally published in 1926, Winnie the Pooh is a story about the adventures of Christopher Robin’s honey-loving teddy bear and his friends Piglet, Tigger, Eeyore, Owl, Kanger, and Rabbit.
Since then, Winnie the Pooh has featured in over 11 films, 11 television programmes, 4 different books, and has become a worldwide collectable item.
Whilst the designs of the upcoming 50p coins are currently top-secret, we can’t wait to see this loveable bear, his loving owner Christopher Robin and adorable friend Piglet, come to life once more, this time on the UK’s most collected coin.
Sign-up for Winnie the Pooh 50p updates
If you’d like to find out more, you can fill in our sign-up form below to stay up-to-date with all the latest news about this exciting upcoming release.
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Never miss out on a UK 50p coin release!
This is your opportunity to get ahead of the crowd and secure every future new UK 50p issue at the initial release price of just £4.50 (+p&p).
If you want to own the latest 50p coin releases, delivered straight to your doorstep, without any of the hassle of ordering the coin yourself then click here!
New 2020 £5 coin releases – what to expect from this year’s coins!
Here at Change Checker we’ve been keeping an eye on the latest Royal Proclamations and excitingly for collectors there’s not just one, but FOUR brand new £5 coins on the horizon!
I’m sure you’ll be just as excited as I am to hear which £5 coin themes have been announced, as there really are some fantastic coins due to be released in 2020!
British Red Cross £5
The Royal Proclamation issued on 22nd May 2020, confirms that a British Red Cross £5 coin will be issued this year.
We can assume this coin will be issued in celebration of the British Red Cross’ 150th birthday, as it’s establishment date ‘1870’ is said to feature as in inscription on the coin.
Whilst the actual design remains top secret, The Royal Proclamation hints the coin will feature “a cross set against a background of the British Isles and a series of lines symbolising the globe.”
The official motto of the British Red Cross, “The Power of Kindness” will also feature.
If you’d like to find out more, you can fill in our sign-up form below to stay up-to-date with all the latest news about this release.
The End of the Second World War £5
Earlier this year we saw the release of the incredibly popular Victory in Europe Day £2 coin but it looks like 75th anniversary celebrations will be continuing with the release of a brand new End of Second World War £5 coin.
The coin is said to feature the words ‘War‘ and ‘Peace‘ accompanied by the inscription ‘The End of the Second World War.’
If the popularity of the 2020 Victory in Europe £2 is anything to go by, we can expect this £5 to be a real hit with collectors.
If you’d like to find out more, you can fill in our sign-up form below to stay up-to-date with all the latest news about this release.
Remembrance £5
Every year, to commemorate Remembrance Day and the end of the First World War, The Royal Mint issues a brand new £5 coin. As of the Royal Proclamation on 24th June, it has been confirmed that a new 2020 Remembrance Day £5 coin will be issued later this year.
Although the final design hasn’t been revealed yet, the reverse is said to feature the silhouette of a First World War soldier formed by poppies accompanied by the inscription, “Lest We Forget 11 November 2020”.
These coins prove popular every year, so if you’d like to find out more, you can fill in our sign-up form below to stay up-to-date with all the latest news about this release.
2021 Lunar Year of the Ox
In 2020 (and for the first-time-ever!) The Royal Mint issued a Lunar Year of the Rat £5 coin as part of their Shēngxiào Collection in Brilliant Uncirculated Quality.
And it seems this series will be continuing as brand new 2021 Lunar Year of the Ox £5 will be issued in Brilliant Uncirculated quality.
Whilst the actual design remains a mystery, the coin is said to feature the inscription “2021 YEAR OF THE OX” and the Chinese lunar symbol for an Ox.
Last year’s coin proved incredibly popular with collectors, so if you don’t want to miss out on this new release, you can sign-up for updates below.
Never miss out on a UK £5 coin release!
This is your opportunity to get ahead of the crowd and secure every future new UK £5 issue at the initial release price of just £10.99 (+p&p).
If you want to own the latest £5 coin releases, delivered straight to your doorstep, without any of the hassle of ordering the coin yourself Click here!