What is the TRUE value of commemorative coins?
commemorative coins are issued by the Royal Mint to celebrate a national event of significant importance .
In most cases, but not entirely, the proceedings are royal occasions such as a Diamond Jubilee or Royal Wedding .
rarely are these coins found in everyday circulation, as they ’ ra intended to be sold as souvenirs.
In this commemorative coins ’ value guide, we ’ ll test five key areas :
- The 3 different types of commemorative coins
- Are they legal tender?
- Do commemorative coins have any value?
- Notable commemorative coins issued in the UK
- Are they a good investment?
What are the different types of commemorative coins?
commemorative coins remain popular with collectors, both in the UK and around the universe .
normally, no count which Mint they have been issued by, these coins fall into one of three broad categories :
Common everyday currency: In the UK, this would be the 50p, £1 and £2 commemorative coins that are in active circulation. As with other everyday coins, these tend to be made from base metals .
Non-circulating legal tender: Older coins – like Sovereigns and Crowns and more advanced £5 coins – that are cast from a base metal or precious metallic element. In theory, they could circulate but they don ’ thymine because their ‘ touch ’ respect or collectible value is significantly higher than their legal tender issue price .
Tokens and souvenirs : ‘ Proof ’ commemorative coins minted from cute metals like gold and flatware, which are not legal tender. Due to their express numbers, these can be more sought by collectors .
Are commemorative coins legal tender?
In the UK, the definition of ‘legal tender ‘ is much misconstrue .
According to UK law, all coins made by The Royal Mint are classed as legal bid, whether they are commemorative coins or those in circulation .
In accuracy, it does not mean they can be accepted by banks, shops or businesses for cash transactions .
The term ‘ legal tender ’ allows UK coins to be accepted for payment of debts in court .
however, only ‘ circulate legal tender coins ’ can be spent and traded with banks or a business .
Banks, building societies and shops are NOT obliged to accept commemorative coins – and never have been – as they are not circulating legal tender .
Some banks do accept them at their own discretion, but this is unlikely .
Where can you cash commemorative coins?
Most large Post Offices will offer to cash in commemorative coins if you very want to dispose of them in this manner .
Some banks do accept them at their own discretion, but this is improbable .
however, before heading down either of these routes it ’ s knowing to get an accurate mint evaluation .
In our experience, a commemorative coins ’ measure normally lies in the fact it ’ s a collectible detail .
If it ’ sulfur rare, it will credibly be worth far more than its face value .
Non-circulating commemorative coins are peculiarly sought after and treasured by collectors for their aesthetic entreaty or curio measure .
In some instances, selling your token via a Private Treaty Sale may be the best direction to achieve a quick and efficient administration at current market levels .
Do commemorative coins have any value?
When it comes to the measure of commemorative coins, there ’ s no arduous and fast rule which can be applied .
As we ’ ve already touched upon, a commemorative coins ’ value will be much higher than its face value if it ’ randomness rare .
Non-circulating commemorative coins are peculiarly sought after by collectors ascribable to their aesthetic appeal or rarity measure .
When calculating the respect of a commemorative coin, our experts always consider the following factors :
- Condition – proof issue, uncirculated etc.
- Year of mintage
- Mint mark
- Minting errors
- Today’s bullion value
In our have, coins which have been minted to celebrate specific events tend to be more democratic with both collectors and the public .
however, casual commemorative coins can cursorily become a collector ’ second detail due to lack of handiness through natural wastage .
Those with Mint errors can besides prove to be a astute investment, such as the 50p mint issued to mark the 2012 Olympic swimming event.
When the original design was altered to improve the appearance of the subject ’ mho expression, 600 of the original design mistakenly entered circulation .
For non-circulating legal bid and bullion coins, the cherished metals from which they have been struck already exceed their confront value .
The fact they are legal attendant and excuse from CGT merely adds further to their rate, making them attractive to both coin collectors and investors .
Click now to discover if gold sovereigns are a good investment!
A late example of this is the commemorative 2012 Double Sovereign, struck in solid 22 Carat Gold to celebrate the Queen ‘s Diamond Jubilee. This mint contains a pure gold capacity more than two hundred times its £2 expression value .
however, it ’ second authoritative to remember that not all commemorative coins are made adequate .
Some which are struck from cherished metals to a ‘ Proof ’ finish are often sold for more than their bullion worth, even when boxed and accompanied by a certificate of authenticity .
For more information on value, take a look at our How a lot are my coins worth ? template or get in reach !
Notable commemorative coins issued in the UK
commemorative coins collectors can enjoy enough of choice – as different versions tend to be produced every class .
Below are some of the most celebrated, though not inevitably valuable, commemorative coins issued by The Royal Mint in the UK .
1935 George V Silver Crown : Issued to mark the Silver Jubilee of George V, this is the first commemorative Crown ever struck. It is normally referred to as the ‘ Rocking Horse ’ Crown due to its art deco interpretation of the traditional St George and the Dragon mint design .
1953 Queen’s Coronation 5 Shilling Crown: Issued in 1953 to celebrate the Queen ’ south Coronation, this coin has a expression value of 25p but is worth far more to a collector .
1965 Sir Winston Churchill Commemorative Crown: Issued to mark the death of the celebrated statesman, the 1965 Churchill Crown is the first british mint to feature a person outside the Royal Family. It was besides the first Crown mint issued without a appellation since 1902.
1972 Silver Wedding Anniversary Commemorative Crown: Issued in 1972 to mark the Silver Wedding Anniversary of Her Majesty Queen Elizabeth II and Prince Philip .
1977 Queens Silver Jubilee Commemorative Crown: Issued in 1977, to commemorate Her Majesty Queen Elizabeth II achieving her Silver Jubilee .
1980 Queen Mother’s 80th Birthday Commemorative Crown: Issued in 1980 to celebrate the birthday of Queen Elizabeth the Queen Mother .
1981 Royal Wedding Charles Diana Commemorative Crown: Issued to mark the marriage of Prince Charles and Lady Diana Spencer, it is the first ever Royal Wedding commemorative coin ( pictured below ) .
1994 Gold Proof 50p piece: Issued to celebrate the fiftieth Anniversary of the Normandy landings in World War Two, it is slightly bigger at 30mm diameter and contains more gold than current issues .
1994 Gold Double Sovereign: Issued to mark the Bank of England ’ s two-hundredth anniversary, this mint is exempt from Capital Gains Tax due to being legal tender, making it a popular choice for british investors .
2011 Royal Wedding Gold £5 Proof Crown: Issued in 2011 to celebrate the Royal Wedding of Prince William and Catherine Middleton, the Duke and Duchess of Cambridge .
Are commemorative coins a good investment?
Acquiring commemorative coins can deliver a degree of personal satisfaction. After all, they ’ re an attractive detail to have on display .
From an investing bespeak of watch, they ’ ra not constantly great measure. sometimes they appreciate in prize, but they much don ’ thymine .
normally you can buy them on the secondary market for less than they were primitively sold by the Royal Mint .
In comparison, a genuine numismatic mint will stand far more find of increasing in value. This is because rare coins, which are typically made from gold or silver, have an intrinsic respect as a precious metal. Over time, this rate often goes up.
Numismatic coins besides tend to be worth well more if they are scarce or enjoyed a lower mintage rate .
If you own a commemorative mint and would like to receive a free expert evaluation, please get in touch or call 01926 499031 for an informal discussion .
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