Uncategorised
First King Charles III Definitive Coins enter circulation – 2023 Mintage Figures announced!
Each year, one of the biggest numismatic updates comes when the latest mintage figures are announced, and The Royal Mint have just revealed the mintages of all coins that entered circulation in 2023! Every year, when this information is released, we update our Change Checker Mintage charts to see where new circulating coins rank.
Excitingly, in 2023 we saw the very first King Charles III definitive coins start to enter circulation, kicking off with the Atlantic Salmon 50p, which knocked the Kew Gardens 50p off the top spot as Britain’s new rarest 50p!
But the Salmon 50p wasn’t the only new coin that entered our change last year…
50p Mintage Figures
It’s the 2023 Salmon 50p that’s been hitting the headlines due to its incredibly low mintage of just 200,000, making it even rarer than the Kew Gardens 50p which has now been bumped down to 2nd place on our mintage chart.
The Salmon 50p wasn’t the only new 50p to enter circulation in 2023, as the Coronation 50p also made it’s way into our change.
On 10th August 2023, 5 million King Charles III Coronation 50ps entered circulation and we opened our collector map to find out where in the country they were popping up.
From the map data, we put together a list of the Top 5 places where you’re most likely to find a Coronation 50p in your change, and Birmingham came out on top with 5.1% of Coronation 50ps being found there! You can check out where else they were being found here >>
£2 Mintage Figures
Since 2016, no new commemorative £2 coins have entered circulation, and in 2023, there were also no new definitive £2s put into circulation.
The only denominations from the New UK Coinage featuring King Charles III that haven’t yet entered circulation are the Flowers of the Four Nations £2 and the Red Squirrel 2p, so the circulating £2 coin drought continues!
As nothing has changed on the £2 mintage figure chart this year, the 2002 Northern Ireland Commonwealth Games £2 remains the rarest £2 coin in circulation, with a mintage of just 485,000.
2023 Definitives
Usually, the mintage figures for definitive coins are somewhat less exciting than the commemorative coins entering circulation, as the designs have remained the same for the last 16 years. However, the 2023 mintages are particularly interesting as they confirm how many of the very first King Charles III definitive coins entered circulation!
Although we’ve already spoken about the Salmon 50p and its shockingly low mintage, we’ll still include it here as it is technically a definitive coin design.
- Hazel Dormouse 1p: 600,000
- Red Squirrel 2p: 0
- Oak 5p: 32,400,000
- Capercaillie 10p: 600,000
- Puffin 20p: 525,000
- Salmon 50p: 200,000
- Bee £1: 10,030,000
- Flowers of the Nations £2: 0
Interestingly, this makes the 2023 dated 1p, 10p and 20p the rarest coins of their denominations since decimalisation (with the exception of the 2018 and 2019 A-Z 10p coins)!
Considering this, 2023 dated coins are sure to go down in history as some of the most sought after circulating coins, so keep an eye out for them in your change!
It’s always exciting when new mintage figures are revealed, especially when it brings an end to the previous rarest UK 50p’s 15-year reign!
Have you been lucky enough to find a 2023 Salmon 50p in your change? If you’re still searching, don’t forget you can secure the Brilliant Uncirculated version as part of the New UK Coinage set. What’s more, the coins in this set feature a special privy mark which sets them aside from the ones you’ll find in your change.
Britain has a new RAREST 50p! Could it be in your pocket?
Hold on to your wallets, Britain! There’s a NEW rarest 50p in circulation, and it’s just knocked the legendary Kew Gardens 50p off the top spot – for the FIRST TIME in 15 years!
Introducing the Salmon 50p, and you won’t believe how scarce it is. Only a jaw-dropping 200,000 of these coins were released into circulation in November 2023. That means just ONE in 335 people in the UK could have the chance of snagging one. Is it sitting in your pocket right now?
Something fishy is going on…
Collectors are in a frenzy, desperately scouring their change to get their hands on this rare beauty before it’s too late. And some lucky few have already struck gold, listing their Salmon 50p coins on eBay for as much as £23 to £50. That’s more than 50 TIMES its face value!
But hold on tight – with this latest shocking revelation, those prices are expected to skyrocket!
*UPDATE*
Since the news broke this morning, the price of Salmon 50ps on the secondary market have soared, with some selling for nearly £150!
Rarer than the Kew Gardens 50p
If you thought the Kew Gardens 50p was the ultimate collector’s item with only 210,000 in circulation, think again! That coin, regularly fetching £150 to £250 on the secondary market, has even hit the dizzying heights of £1,000 in listings! The new Salmon 50p is hot on its tail, and it could be worth even more in the months to come.
And here’s the best part – You could have one in your change right now!
While the Kew Gardens 50p has had 15 years for collectors to squirrel it away, the Salmon 50p is fresh out of the water – meaning this could be your best chance to snap up the UK’s new rarest coin. Imagine if you had grabbed a Kew Gardens 50p back in 2009, knowing how prized it would become… Now, the Salmon 50p offers you a second chance at coin-collecting glory!
The race is on!
With a mintage of just 200,000, this new king of coins firmly takes the throne, leaving the Kew Gardens 50p in the dust.
The race is truly on to track one down, will you be one of the lucky collectors to find the new ‘holy grail’ of change collecting before its too late? Best of luck everyone, and happy hunting!
Secure the collector’s edition
If you haven’t been lucky enough to find a Salmon 50p in the wild, don’t worry! You can still secure the Brilliant Uncirculated version for your collection, alongside SEVEN other new King Charles III coins in the New UK Coinage Set.
What’s more, the coins in this set feature a special privy mark on the obverse, setting them apart from the ones you’ll find in your change.
The designers behind the faces on our coins
In the last century, there have been 9 different designers who have created the effigies of monarchs that feature on UK and Commonwealth coin obverses.
The most recent change in designer came after the passing of Queen Elizabeth II, when the baton was passed from Jody Clark to Martin Jennings to create the UK coinage portrait of King Charles III.
Let’s look back at those who designed the portraits that feature on every coin in our pockets…
George William de Saulles
Credit: Look and Learn.
George William de Saulles worked at The Royal Mint from 1892 as ‘Engraver to the Mint’, engraving the dies for what would become known as the ‘Old Head’ or ‘Widowed Head’ coinage of 1893, featuring a portrait of Queen Victoria. de Saulles went on to design the obverse portrait of Edward VII, used on UK coins from 1902 until the end of his reign in 1910.
Sir Edgar Bertram Mackennal
Credit: Wikimedia Commons
When George V became King in 1910, Australian born sculptor Bertram Mackennal was responsible for the design on the coronation medal, the obverse of UK currency, postage stamps and military honours for King George V.
Mackennal was also commissioned to produce several monuments and statues around the world, including his home country of Australia, India and Scotland. He was appointed M.V.O. in 1912 and knighted in 1921, making him the first Australian-born artist to be so honoured.
(Thomas) Humphrey Paget
Credit: Royal Mint Museum
Humphrey Paget designed the effigy for King Edward VIII, however due to his short reign and abdication, Paget’s designs never reached the minting stage. Some trial pieces did find their way out of the mint for testing purposes, and these are thought to be some of the most rare and collectible pieces of all sterling coinage.
Mary Gillick
Credit: Royal Mint Museum
Mary Gillick was the first artist to design a Queen Elizabeth II portrait, and remains the only female designer of UK coinage obverse effigies. Her portrait, used on UK coinage between 1953 and 1970, shows Her Majesty uncrowned and was the last to be used on pre-decimal coinage.
Arnold Machin
Credit: Royal Mint Museum
Arnold Machin designed the royal portrait which featured on the first UK decimal coins from 1968 to 1984. He also created the reverse design of the 1972 Silver Wedding Crown, the obverse and reverse of the 1977 Silver Jubilee Crown and the royal portrait which appeared on definitive British stamps between 1967 and 2023.
As well as designing UK coinage and stamps, Arnold Machin’s designs were also used on coins in Rhodesia in 1964, Canada between 1965-1889, Australia between 1966-1984 and New Zealand in 1967-1985.
Raphael Maklouf
Credit: Tower Mint
In 1982, The Royal Mint asked 17 artists to submit models of Queen Elizabeth II to be considered a replacement for Arnold Machin’s then-outdated likeness of the Queen on UK and Commonwealth coinage. The Royal Mint Advisory Committee selected Israeli-born British sculptor Raphael Maklouf’s design, now known as the ‘Third Portrait’ to take over, and it featured on UK and Commonwealth coins until from 1985 until 1997.
Ian Rank-Broadley
Credit: Tatler
Ian Rank-Broadley won The Royal Mint’s competition to design a new Queen Elizabeth II effigy in 1997, making him the designer of the ‘Forth Portrait’. Rank-Broadley was influenced by Pistrucci’s portrait of George III which was issued in 1817, where the head crowds the field of the coin. His portrait featured on UK and Commonwealth coinage between 1998 and 2015.
Jody Clark
Credit: The Mirror
In 2015, Jody Clark’s submission to a design competition was chosen to become the fifth coin portrait of Queen Elizabeth II. At 33 years old, he was the youngest designer to have designed a portrait for British coinage. He was also the first designer to use computer-aided design software when creating his portrait. Despite the passing of Queen Elizabeth II in 2022, Clark’s portrait continues to feature on the UK coins featuring Her Majesty which currently co-circulate with new King Charles III coins.
Martin Jennings
Credit: The Royal Mint
Martin Jennings is a British sculptor renowned for his public sculptures across the UK. His most notable and admired works include statues of prominent writers and poets, such as John Betjeman at St Pancras Station and Charles Dickens in Guildhall Square, Portsmouth.
The Royal Mint commissioned Jennings to design the first definitive coinage portrait of King Charles III in 2022 which features on all new UK King Charles III commemorative and definitive coins. Jennings also created a special crowned effigy version of the UK Coronation 50p and £5 which is only available on the collector editions of these coins, setting it apart from the Coronation 50ps you can find in your change.
Find out more about your coins
If you’re interested in coin collecting, our Change Checker web app is completely free to use!
