£2 coin scarcity index

Following the 2018 mintage figure reveal, we know that no £2 coins have entered circulation since 2016, so the £2 index continues to remain fairly stable with no new coins to add to the mix. First World War centenary Navy £2 (Photo: Royal Mint) Scarcity index number: 57. Collectability effects scarcity, as collectors often hoard desirable specimens. decimal currency. This is the expected maximum mintage, and may help to calculate a scarcity index until the final mintage is confirmed. Head over to our blog to find out more about the history of VE Day coins and this new £2 release. Unfortunately this wouldn’t add any extra value to the coin, but certainly makes for interesting collecting! The rarest and most valuable coins have been revealed. Following the recently published indexes for the Round £1 Coin and 50p Coin, the Scarcity Index tracks which £2 coins are the most scarce and collectable, using a unique combination of mintage, collecting and swap data to give the most up-to-date picture of today’s £2… This can be because a coin is very attractive, or that it has some special historic and numismatic significance. Double Sovereigns Following the launch of the Change Checker “Scarcity Index” earlier this year the Quarter 2 Index has just been published. Around 485,000 of this design were minted and it could fetch £56 on eBay. 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. The top five coins are unchanged since the last index and it comes as no surprise that the Commonwealth Games Northern Ireland £2 remains on the top spot, as this £2 has a mintage figure of just 485,500 and is considered incredibly sought-after amongst collectors. It’s standing on the shoulders of giants. We currently know that 220,000 of each design entered circulation in 2018 and a further 2.1 million coins overall were released in 2019, but exact figures for individual 2019 designs are currently unknown. The other 650,000 Navy £2 coins issued for circulation feature the 5th portrait. When will I find an A to Z 10p in my change? Thanks, Hi Nas, whilst we can’t give valuations, you can use our 6 point guide to help you determine what your coin might be worth: https://www.changechecker.org/2018/08/02/could-i-be-minted-the-6-point-guide-to-valuing-your-coin/, Dinosaurs going into circulation…..Have the Royal Mint”, really thought about their release……, Hi Rachel, Jul 4, 2018 - Explore Change Checker's board "£2 (two pound) coins", followed by 452 people on Pinterest. Registered Office: Floor 16, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA, Registered in England No. With less than 2,500,000 coins issued, the Commonwealth Games £2 coin tops the Scarcity Index. * Source: Experian Hitwise - UK Internet Visits (January 2019 - January 2020). We expect this to happen in Q4." ... History of the coin. It is not easy to index the rarity of one £2 coin compared to another; calculations of scarcity must consider subjective and indefinite factors. It as a couple of errors.and also the center of it seems loose.was wondering the value.thanks. With less cash being used because of the current climate, it’s likely this is affecting collecting and it seems this has exposed some new trends on the indexes! 2000. How the Scarcity Index works, according to Change Checker. Historically, change collectors have relied upon mintage figures for their indication as to which coins in circulation are the rarest. Collectability The biggest movers on the latest 10p index update are W for World Wide Web and S for Stonehenge, which have both moved up the index by 14 places. . As I’m sure you’ll agree, it would be fantastic to see some new £2 coins entering circulation and how they might affect the £2 Scarcity Index. . Experts indicate it might be worth going through your pockets, as a new Scarcity Index from Changechecker has identified the 37 rarest and most valuable £2 coins in circulation. . Hi Richard, * 3% Sitewide Sale: Discount off regular premiums. S for Stonehenge actually dropped by 14 places in the previous index, so this could be the coin levelling back out again. Additionally, some designs are more hoarded than others by people who might not normally collect coins – the poignant First World War £2 Coin series being an example. Fingers crossed they’ll be enough demand for these coins to enter circulation soon! Rarest £2 coins 5. Perfect, mint condition, and proof coins will always command much higher prices, whatever their scarcity. We do not offer investment or tax advice and recommend that you conduct your own independent research before making any investment decisions. A £2 coin scarcity index is a rough guide that compares the relative availability of coins. With a scarcity score of 99, the Northern Ireland Commonwealth games £2 coin is the second rarest. Some of these coins are already worth far more than a couple quid and will continue to climb in value over time, as described in the Mirror . However, the ranking of 50p coins - particularly the Olympic ones - do tend to change year on year, so keep an eye on the latest scarcity index. In fact , now we’ve mentioned it , are there any records of the numbers minted of each of the 4th & 5th versions ? Shop using Dollars ($), HIGH DEMAND: Interestingly, the £2 Scarcity Index has seen a new coin top the list. and the Surely the release of new coins would create an instant demand, and To get a rough scarcity index of how coins compare, subtract your estimate of the wastage and collectability from the mintage or mint limit. We’re used to seeing quite a bit of movement on the A-Z 10p index as these particularly tricky-to-find coins are snapped up by collectors. Even if two coins had the exact same mintage numbers, if one was struck in 2016 and one struck in 2006, the latter would be scarcer today. The lower the number is, the scarcer and potentially valuable it could be. Thanks Graham, really pleased to hear you’ve found the article helpful. Interestingly, in this latest update only the top and bottom coins have remained unchanged, with B for Bond staying on top spot as the current scarcest A-Z 10p coin in circulation. SALE: 3% off everything*Prices cut on thousands of products. Certain anniversaries, such as royal weddings for example, attract a much higher demand amongst collectors. The £2 coin is the newest and largest of the coins currently in circulation. . The number of times a design has been requested as a swap over the previous 3 months, showing the current level of collector demand. It would be great to see a new £2 coin in 2020 enter circulation! It also happened in 1994 for the Bank of England £2 coin – where some gold proof versions of those were made with the incorrect obverse from the double sovereign). Can't wait - click here to reveal the UK's "scarcest" £1 coin With the Great One Pound Coin Race nearing the finishing line, collectors across the UK are desperate to complete their Round Pound collections. That’s why we have combined the mintage information with two other key pieces of information. According to collectors, the right coin could land you a small fortune well above what the coin seems worth at face value. We’re excited to reveal to you the very first Scarcity Index of 2020! The latest scarcity index for 10p coins specifically focuses on A to Z coins Credit: ChangeChecker. Money experts at ChangeChecker have revealed a scarcity index of the UK's 20 rarest £2 coins that are set to mint one day. . Wastage occurs over time to all coins as they are lost and/or destroyed. It’s a real money-spinner for the Royal Mint, but makes a mockery of the term ‘collecting’. Trying to find a good quality coin from 15 – 20 years ago, even for a higher mintage issue, is much more challenging than a more recent issue, as coins become damaged over time and are ultimately removed from circulation. As we look forward to the Olympic Games which will be held in Tokyo later this year, perhaps we’ll see more of the Olympic 50ps increase in popularity by the next Scarcity Index update. We use cookies to give you the best experience on BullionByPost.co.uk and to customise marketing content.By continuing, you agree to our use of cookies - find out more here. Thanks, All three Olympic themed £2 coins (Olympic Handover, Olympic Centenary and London 2012 Handover) also remain very close to the top of the index and I wonder if the Tokyo Olympics this year will affect the scarcity of these already very popular coins. Bond, James Bond – British spy to feature on new UK coin series →, https://www.changechecker.org/2019/05/01/your-chance-to-own-the-latest-uk-new-issue-50p-and-2-coins-for-face-value/, https://www.changechecker.org/2018/08/02/could-i-be-minted-the-6-point-guide-to-valuing-your-coin/, https://www.youtube.com/watch?v=BShLrZAtXUc&w=440&h=248. Despite both coins having the same mintage figure of 1,400,000, the Flopsy Bunny 50p is the most sought-after of the Beatrix Potter coins and is in fact the scarcest non-Olympic 50p coin in circulation, aside from of course the Kew Gardens 50p – the UK’s most sought-after circulation 50p. Alex. After a review of the coinage in 1994, it was clear there was a requirement for a general circulation £2 coin, which was eventually launched on 15 June 1998. . No one can be sure how many examples of a coin have survived, and value can be derived from personal opinion as much as genuine scarcity. Coin collecting experts ChangeChecker have revealed a fascinating Scarcity Index, detailing the 37 rarest £2 coins that are set to go up in value - and many of them are still in circulation. The older the coin (and particularly the longer the time in circulation), the greater this wastage will be, thus reducing the number of available coins. Price will almost always be linked to scarcity, but a coin’s eventual worth will also depend upon its condition, not the ease of finding. Mintage figures But they only tell part of the story. That’s a great question! In 2015 , the Queen’s head changed from 4th to 5th in March ;- how does this affect the scarcity of the 4th heads of WW1 Battleship / Magna Carta coins , as there was only 2 months’ worth of minting time for them ? Thank you for the updated lists, they are really helpful. For many, this coin seems to be a firm favourite from the A-Z of Great Britain collection which was released in 2018, so it comes as no surprise that it has found its way to the top of the list. . Mintage figures from The Royal Mint suggest that only the 5th portrait was used for the Magna Carta £2 coins in circulation. It will be interesting to see how the index changes as more collectors come across these coins and as we await the release of the 2019 mintage figures. . She died in 1910 and to commemorate her life and work a special Florence Nightingale £2 was issued for the 100 th anniversary of her death. No responsibility can be accepted by Jewellery Quarter Bullion Limited for any loss caused by acting on information we have provided. The latest scarcity index for 10p coins specifically focuses on A to Z coins Credit: ChangeChecker The second rarest 10p is currently the "Y" coin for … The commemorative £2 was one colour but the new circulating coin was bi-metallic. You would have to contact The Royal Mint to get hold of these We have details about numismatic and bullion coins, past and present, plus our bullion index has information to further help investors and coin collectors. Hi Matt, Hi Roger, great question. The original mintage figure for £2 coins - once released - is one hard fact that can be relied upon. How much is a 2015 £2 Britannia worth? New coin crowned as the UK’s scarcest £2 Coin. The updated 50p, A-Z 10p and £2 indexes below allow you to discover how sought-after the coins in your collection really are…. Welcome back, hope you’re feeling better. To help identify the most valuable £2 coins money experts at ChangeChecker have created a fascinating Scarcity Index – with many examples still doing the rounds in circulation. The coin struck specifically for Northern Ireland is the scarcest £2 on the index, simply because of its very low mintage of 485,500 coins. 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