Published on March 12th, 2020 | by Sam Rose
Change Checker Guest Blog – 2020 Coin Scarcity Index Update
Find out the movers and shakers when it comes to your coin collection with this Guest Blog Article from Change Checker featuring the 2020 Coin Scarcity Index Update.
*We’re excited to reveal to you the very first Scarcity Index of 2020!
The updated 50p, A-Z 10p and £2 indexes below allow you to discover how sought-after the coins in your collection really are.
This information has been compiled using data from the Change Checker Swap Centre and presented in the easy to use indexes below, with arrows to signify how many places up or down a coin has moved since the last Scarcity Index.
50p Scarcity Index
This was great new for Change Checkers who have the 2018 Beatrix Potter 50ps in their collection, as both the Flopsy Bunny and Peter Rabbit 50ps have proved incredibly sought-after.
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.
Whilst both the Flopsy Bunny and 2018 Peter Rabbit 50ps have moved up the index one place since the last update, the other 2018 50ps haven’t fared quite so well, with the Mrs. Tittlemouse and Paddington at the Station both moving down the index and the other 2018 50ps remaining unchanged.
The biggest mover on this latest Scarcity Index update goes to the Olympic Fencing 50p, which has moved up the index an incredible twelve places, following its five place drop on the previous update.
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.
A-Z 10p Scarcity Index
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.
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.
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.
P for Postbox is unfortunately bottom of the pile once again, although it’s worth remembering that all these coins are considered sought-after and collectors fortunate enough to come across just one will be considering themselves lucky.
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.
S for Stonehenge actually dropped by 14 places in the previous index, so this could be the coin levelling back out again.
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.
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.
£2 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.
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 mintage figure of just 485,000 and is considered incredibly sought-after amongst collectors.
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.
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.
Fingers crossed there’ll be enough demand for these coins to enter circulation soon!
How the Index Works
Generally collectors have had to rely upon mintage figures to identify the scarcest coins.
But they only tell part of the story.
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 are ultimately removed from circulation.
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.
Finally, it can be up to a couple of years before the Royal Mint eventually confirms the actual mintage for an issue.
That’s why we have combined the mintage information with two other key pieces of information:
• How many of each design are listed as “collected” by Change Checkers, indicating the relative ease of finding a particular coin.
• The number of times a design has been requested as a swap over the previous 3 months, showing the current level of collector demand.
Importantly, as new coins are released and popularity rises and falls across different designs the Scarcity Index will be updated quarterly allowing Change Checkers to track the relative performance of the UK’s circulation coins.*
Keep Your Coin Collection Safe with a Change Checker Collectors Album
No matter your experience when it comes to collecting rare and scarce coins, you can’t go wrong with storing them inside a Change Checker Collector’s Album.
Complete with presentation pages and identification cards to help you safely organize your collection, it’s the perfect way to keep track of and store any special or rare coins that might end up in your change or your pocket.
And when you start to notice your collection growing in size, make sure to expand your album with the help of Change Checker Additional Pages, which provide enough space for another 80 coins to be stored away in.
*Text from this article has been kindly provided by Rachel Hooper at Change Checker