The coins of HMS Belfast

Started by andyg, February 11, 2015, 08:44:40 PM

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andyg

http://www.bbc.co.uk/news/uk-31420489

New Royal Navy £2 coin to be 'rarest in circulation'

A £2 coin which commemorates the Royal Navy's efforts in World War One is to become the rarest coin in UK circulation, the Royal Mint has said.

The Mint has issued 100 of the coins in partnership with visitor facilities on HMS Belfast in London.

Some visitors to the shop of the restored warship may find one of the coins in their change.

They will be the last to show the current portrait of the Queen, making them extremely rare.

The Mint, based in Llantrisant, south Wales, has also issued the rare version as a commemorative coin, available to buy on the company's website for £10.

The commemorative coin is also technically legal tender, although those who pay £10 for it would be unlikely to let it go into general circulation by spending it, thus losing £8.

The Mint said the coin's battleship design was "a fitting tribute" to the Royal Navy's role in WW1. It continues a series commemorating the WW1 centenary, and features a design by military artist David Rowlands.

A second version of the £2 coin will enter wider circulation later in the year, featuring a new portrait of the Queen.

Shane Bissett, the Mint's director of commemorative coin and medals, said the government-owned company had "strong connections to the military, having produced medals awarded to our armed forces personnel since the Battle of Waterloo".

The Royal Mint would like anyone who finds one of the £2 coins in their change to share a photo on its Facebook page or post it on Twitter adding #coinhunt.




Just 100 of these with the current portrait will go in circulation (plenty in sets though), rest will have the updated portrait.
always willing to trade modern UK coins for modern coins from elsewhere....

Figleaf

Right. So an unc coin will be plentiful and the same coin with scratches and bumps will be the ultimate rarity (add hot air to taste)? Anyone can turn uncs into rarities just by carrying them around in their pockets, accompanied by some vile screws? (A paint mixer could expedite the process.) How ultimate are these great rarities going to be? Indeed, the uncs will be around £8, because collector coin prices are sticky downward and if the circulated pounds will become more expensive, they will be made from the uncs. Theory says the non-uncs cannot be more expensive than the uncs, but in practice, there's a sucker born every minute.

This is one of the weirder sales tricks. It makes no sense.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

augsburger

What will happen is people will pass off their bought from the mint coins as really rare, when they're not rare, they're just over priced.

Like the Kew Gardens coin, there are far more of these coins "in circulation" (read in people's collections) than were ever minted for circulation, because people don't seem to understand the difference.

africancoins

Usually we can see a clear difference between a newly circulating 2 Pound coin and the same type from a (B.U.) mint pack/set. "Business strike" versus "Brilliant Uncirculated".

I would think that if only 100 pieces of a new type will circulate then they really may be indistinguishable from the coins in the packs of the same type.

Not sure if I can remember what accounts for the differences between "business strike" versus "Brilliant Uncirculated" - coin blank preparations, coining die preparations or both.

What will the mint do next for the publicity ?

Thanks Mr Paul Baker

Figleaf

The difference between BU and circulation strike is that BU are caught in a soft environment coming out of the press, so they don't bump into each other in the mint. Circulation strikes are caught in containers as they come out of the press, so they may have slight scratches from the minting process.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

africancoins

For recent British coins I believe the differences between BU set coins and business strike coins are more than just the care taken of the coins after striking...

Can anyone pass comments on this... someone with a set from the last few years as well as a few high grade coins from change...

Thanks Mr Paul Baker

andyg

Quote from: africancoins on February 13, 2015, 08:15:05 PM
For recent British coins I believe the differences between BU set coins and business strike coins are more than just the care taken of the coins after striking...

Yes - BU coins are struck with more pressure than standard circs to give a nicer finish.
always willing to trade modern UK coins for modern coins from elsewhere....

Figleaf

Inneresting. That would give a shiny, mirror-like surface. When the dies are new, you should see some milkiness on the higher parts, as on proof coins. Never seen that on UK coins, though.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

andyg

always willing to trade modern UK coins for modern coins from elsewhere....

kena

According to the Royal Mint web site, they have placed some Royal Navy  2015 £2 coins with the current portrait into circulation - http://www.royalmint.com/aboutus/news/royal-navy-2-pound-coin

FosseWay

Quote from: kena on February 17, 2015, 06:27:24 PM
According to the Royal Mint web site, they have placed some Royal Navy  2015 £2 coins with the current portrait into circulation - http://www.royalmint.com/aboutus/news/royal-navy-2-pound-coin

Interesting... Wonder whether all of that issue will be the old portrait and they'll switch to Technology or Magna Carta for the new one.

wrongmove

Reports seen at various new sites are -
"Visitors to warship HMS Belfast in London could get an interesting souvenir of their visit after 100 of a limited run of commemorative £2 coins were released to the ship by the Royal Mint."

Now given the number 100 and queen's portrait will change in coins which will be available for circulation - gullible people are buying these coins at price as high as 100£. Same coin you can buy as BUNC from Royal Mint for 13.00£.

Also I have a big doubt if this is really rare as Royal mint sells these as BUNC on its own and in various annual packs. So actual coins which are sold are far more than 100.

I will like to be corrected if wrong, please comment.

wrongmove

Even though the finish is a little more elaborate, it is possible to turn  BUNC 2£ coins into circulated. IMO it is very difficult to identify. So besides Royal Mint's publicity stunt; the rarity of coin will be clear when the sales figure of annual and BUNC packs are published.