Royal Navy 2015 £2 Coin To Be 'Rarest In Circulation'

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Author	Replies: 9 / Views: 2,383
Demarco Bishopp Pillar of the Community United Kingdom 548 Posts	Posted 02/11/2015 09:31 am 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. http://www.bbc.co.uk/news/uk-31420489 To be clear, the rare ones will be the ones showing the current head of the queen. That design will be changed later this year. I'm amazed they're only releasing 100 coins though. That instantly makes this one of the rarest coins ever put into circulation. I fear it also makes the potential for fraud extremely high. What's to stop someone from buying a BU version, giving it some light wear, and then selling it as "almost uncirculated" for a huge premium? Report this Post to the Staff

augsburger Pillar of the Community Germany 1064 Posts	Posted 02/11/2015 09:33 am They do it on purpose. It sends people crazy, and makes people more likely to buy mint products in the hope of making a windfall. I think we'll be seeing this a lot in the future. It really annoys me that people do this, trying to get into a hobby by deliberately doing things to hijack it. Report this Post to the Staff
tenbobbit Pillar of the Community United Kingdom 701 Posts	Posted 02/11/2015 10:08 am Maybe it should change its name to Royal Pobjoy London Franklin not so Mint Absolute farce Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 02/12/2015 02:31 am There is an increasing tendency for mints around the World to release limited numbers of business strike commemmorative coins into circulation. It is a mechanism (a 'ploy' if you wish), they have adopted to revive and encourage collector interest in high priced high quality NCLT collector coins. It is a mint's business to make money. Report this Post to the Staff
Red Valued Member United Kingdom 252 Posts	Posted 02/12/2015 04:00 am It's like a big middle finger to circulation collectors. I must admit I'm tempted to get a presentation pack, just to say I have one of the coins BUT I know that's part of their plan with this strategy. Now, I do like the idea in principal, but it should be a specialised coin/token (Even if they'd stamped HMSB on it or something) but as mentioned above and on other threads about this, there's no way of telling a genuine circ from a BU so that "100 coins" claim is pretty much meaningless. Edited by Red 02/12/2015 04:01 am Report this Post to the Staff
Fuzzy317 Moderator United States 14463 Posts	Posted 02/12/2015 04:14 am Those coins will be pulled from circulation eventually, thus giving the government a loan of monetary value that will never be "payment due". Report this Post to the Staff
augsburger Pillar of the Community Germany 1064 Posts	Posted 02/12/2015 07:20 am Well not the govt, the mint will be the ones making the money, I would have thought. Report this Post to the Staff
Fuzzy317 Moderator United States 14463 Posts	Posted 02/12/2015 07:47 am yeah, suppose it would be the mint Report this Post to the Staff
paulharding150 New Member United Kingdom 3 Posts	Posted 02/13/2015 08:26 am Does anyone know yet what the total mintage for this design will be? Report this Post to the Staff
augsburger Pillar of the Community Germany 1064 Posts	Posted 02/13/2015 4:13 pm To be honest, until they actually release all the coins they are going to release, we won't know. They haven't even announced the new portrait the coin will have yet. Report this Post to the Staff
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