Posts Tagged ‘The Royal Mint’
How well do you know your coins?
Half of Britons don’t know their own coins –
well that’s what the Royal Mint says…
A recent survey commissioned by the Royal Mint suggests that the British population has very little idea about the coins they use every day.
It seems that 17% of people had no idea that Queen Elizabeth II was featured on the obverse (head side) of British coins, with a slightly concerning 4% suggesting it was Queen Victoria and 3% former Prime Minister Margaret Thatcher.
As for the designs on the coins 68% struggled with what was on the penny and perhaps most remarkably practically half of the adult population (48%) were unable to identify the correct number of denominations currently in circulation.
Growing interest in circulating coin collecting
In fact the Royal Mint’s research flies in the face of growing interest in the UK’s circulating coinage. Fuelled by the incredible interest in the Olympic 50 pence coins, that has seen 70% of the 15,000,000 coins that went into circulation disappear – apparently into individual collections – change collecting has gathered considerable momentum over the last couple of years.
In fact there are currently 93 different £2, £1 and 50p coin designs and with only the very latest releases still to make banks and post offices, nearly all are available to collect in your change.
But with so little knowledge about our own coinage, it’s little wonder that some many collectors have turned to www.changechecker.org to track their collection and swap coins with other collectors. With over 75 swap requests being posted each day, we can be hopeful that Britons are rapidly re-educating themselves about their coinage.
17th century Gold coins found under Irish pub floor
It was definitely a case of the luck of the Irish after builders recently discovered one of the country’s biggest ever hoards of gold coins buried beneath the floorboards of a County Tipperary pub.
Eighty-one gold coins, mainly from the 17th century, were found concealed by soil by one of the workmen carrying out groundworks at Cooney’s pub in Carrick-on-Suir, one of the oldest pubs in the county until it was destroyed by fire.
Builders get more than they bargained for – one of Ireland’s biggest finds of historic gold coins
All that glitters
Most coins were, surprisingly, in excellent condition considering they date back to the reign of Charles II, James II and William and Mary. It’s thought the hoard is largely made up of guineas and half guineas, British gold coins struck by The Royal Mint between 1663 and 1814 using gold from West Africa – which is where the name ‘guinea’ came from.
Biggest find in over fifty years
Research is currently underway to identify where the gold coins might have come from. Some experts believe they may have once belonged to a wealthy merchant as the town was a thriving trading centre in the 17th century. Others have different theories.
One thing they do agree on is that the discovery is the most exciting archeological find in Ireland’s history since 1947 when a collection of over 100 gold coins plus a number of silver coins was discovered in CountyLaois.
At the time of writing, it’s not known whether the workmen received any sort of reward but it’s got to be a worth a free pint at the very least!
Interested in historic coins?
The gold coins are currently on display at the National Museum of Ireland. A selection of historic coins from The Westminster Collection can be found here.
News from the World Money Fair – sell outs, baby coins, nano technology and much, much more…
9.00am. Friday 1 February 2013. Over 500 people are queuing in the lobby area of Berlin’s Hotel Estrel. All keen to be among the very first collectors to gain entry to the World Money Fair in search of a collector’s bargain, long sought-after coin or a glimpse at the latest issues from the world’s leading national mints.
There is no coin show quite like the World Fair of Money. That is why each year our team of buyers attend, meeting the Mint Masters and Sales Directors of the leading mints, like the Royal Mint, Royal Canadian Mint and the Royal Australian Mint as well as some of the most well-connected secondary market coin dealers.
Here are a few of the highlights from this year’s show that I can share with you.
Royal Mint at the World Money Fair
The Royal Canadian Mint will be issuing more $20 silver coins during 2013, continuing its trend as the world’s most popular silver coin. However, I also heard mention of something that I am pretty sure this could create even more of a storm than the $20 coins. I’m afraid I can’t say more until later this year!
I would also suggest that you look out for some very exciting and collectable issues to celebrate the 25th Anniversary of the Silver Maple.
I was excited to hear the Coronation Anniversary coins are also in the pipeline for Australia and New Zealand, which will prove historic issues with some serious collector demand.
New Zealand were also able to share with us the immense popularity of their Hobbit coins – guaranteeing that they will remain a collector favourite over the next 2 years of films.
Exciting Innovation
Elsewhere, continued innovation excited. Perhaps my favourite was the ability to in-bed a nano chip into a coin, containing detailed information, visible only under a microscope. There is already talk of how to use such technology to include the works of Shakespeare in a nano chip on a coin to commemorate the 450th anniversary of Shakespeare’s birth in 2014.
Looking further ahead…
With almost 80% of you wanting a coin for a royal baby, there is some encouraging news. A number of the major national mints are having discussions with the Palace about issuing a coin with the Duke & Duchess of Cambridge’s baby this summer.
Looking further forward, I spent a considerable amount of time discussing plans to commemorate the centenary of the outbreak of World War I. I think it is safe to say that this will be the major collecting theme of 2014 and beyond with coins expected from the UK, Australia, New Zealand, Canada and even many of the occupied countries.
We look forward to being able to tell you more about these and many more important issues over the coming months.