When the original design was altered to improve the appearance of the subject’s face, 600 of the original design mistakenly entered circulation.įor non-circulating legal tender and bullion coins, the precious metals from which they have been struck already exceed their face value. Those with Mint errors can also prove to be a shrewd investment, such as the 50p coin issued to mark the 2012 Olympic swimming event. However, everyday commemorative coins can quickly become a collector’s item due to lack of availability through natural wastage. In our experience, coins which have been minted to celebrate specific events tend to be more popular with both collectors and the public. Condition – proof issue, uncirculated etc.When calculating the value of a commemorative coin, our experts always consider the following factors: Non-circulating commemorative coins are particularly sought after by collectors due to their aesthetic appeal or rarity value. When it comes to the value of commemorative coins, there’s no hard and fast rule which can be applied.Īs we’ve already touched upon, a commemorative coins’ value will be much higher than its face value if it’s rare. In some instances, selling your item via a Private Treaty Sale may be the best way to achieve a quick and efficient disposal at current market levels. Non-circulating commemorative coins are particularly sought after and treasured by collectors for their aesthetic appeal or rarity value. If it’s rare, it will probably be worth far more than its face value. In our experience, a commemorative coins’ value usually lies in the fact it’s a collectable item. However, before heading down either of these routes it’s wise to get an accurate coin valuation. Some banks do accept them at their own discretion, but this is unlikely. Most large Post Offices will offer to cash in commemorative coins if you really want to dispose of them in this way. However, only ‘circulating legal tender coins’ can be spent and traded with banks or a business.īanks, building societies and shops are NOT obliged to accept commemorative coins – and never have been – as they are not circulating legal tender. The term ‘legal tender’ allows UK coins to be accepted for payment of debts in court. In truth, it does not mean they can be accepted by banks, shops or businesses for cash transactions. In the UK, the definition of 'legal tender' is often misunderstood.Īccording to UK law, all coins made by The Royal Mint are classed as legal tender, whether they are commemorative coins or those in circulation. Due to their limited numbers, these can be more sought-after by collectors.
Tokens and souvenirs: ‘Proof’ commemorative coins minted from precious metals like gold and silver, which are not legal tender. In theory, they could circulate but they don’t because their ‘spot’ value or collectable value is significantly higher than their legal tender issue price. Non-circulating legal tender: Older coins – like Sovereigns and Crowns and more modern £5 coins – that are cast from a base metal or precious metal. As with other everyday coins, these tend to be made from base metals. Usually, no matter which Mint they have been issued by, these coins fall into one of three broad categories:Ĭommon everyday currency: In the UK, this would be the 50p, £1 and £2 commemorative coins that are in active circulation.
What are the different types of commemorative coins?Ĭommemorative coins remain popular with collectors, both in the UK and around the world.
Rarely are these coins found in everyday circulation, as they’re intended to be sold as souvenirs. In most cases, but not exclusively, the proceedings are royal occasions such as a Diamond Jubilee or Royal Wedding. What is the TRUE value of commemorative coins?Ĭommemorative coins are issued by the Royal Mint to celebrate a national event of significant importance.
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