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 Replies: 11 / Views: 1,428 |
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Valued Member
Canada
55 Posts |
Hello, forgive me if this sounds like a very novice question, but I don't live in the UK and so I'm a bit confused about things related to coins there.
I only collect coins intended for general circulation. And so I was hoping for some clarity on coins beginning as limited editions but subsequently issued into general circulation.
I know this happened with the Mary Rose and the King James Bible £2 coins. Is this something common that happens to all limited editions or just these two? Will the Charles Dickens and Handover to Rio coins eventually be circulated too?
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Pillar of the Community
United Kingdom
4208 Posts |
They all get released into circulation, I believe.
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Pillar of the Community
Germany
1064 Posts |
Not easy to find, but they are there. I haven't been in the UK for 2 years, but managed to pick up all 2 pound coins prior to this from circulation. Even some of the monometallic coins.
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Valued Member
 Canada
55 Posts |
Thank you both very much. This clears it up quite well. I guess there really isn't such a thing a limited edition £2, or at least not limited to the initial release mintage.
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Valued Member
Canada
55 Posts |
Just as an addendum to this conversation, the reason why I was so unclear about this issue is because in Canada, where I am, the mint produces base metal commemoratives all the time that are intended only as collectors items. And so I'm always having to look at whether a coin is intended for circulation or just another collector's issue.
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Pillar of the Community
Germany
1064 Posts |
Well, the 5 pound coins are a different issue, they used to circulate, not often, but they were there, until the mint decided to stop selling them for 5 pounds for the coin, since 2009 they have been 10 and now I don't consider them circulating coins and don't collect them.
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Valued Member
Canada
55 Posts |
We have the same thing over here with the 50 cent coin. Nobody uses them anymore and they haven't been in found in change for 35 years. I think they're only really produced to complete mint sets.
I also don't collect 5 pound coins, for the same reason.
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Pillar of the Community
United Kingdom
1686 Posts |
Of those you listed, I have only found the Mary Rose £2 in circulation.
Ken
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Pillar of the Community
United Kingdom
709 Posts |
£5 coins don't generally circulate in the UK. I think most shops would refuse to accept them even though they are legal coinage.
Re the £2 coins, most people dont bother looking at the design. I think all bimetallic coins would be accepted in shops since at a glance they look the same.
Some of the £2 coins just dont seem to appear. The only olympic handover to Rio coin I have seen "in the metal" is the one I bought uncirculated in a presentation pack.
I read somewhere that with the rarer coins, huge percentages disappear into collections. For example, each of the olympic 50p coins has been minted at around the 1,000,000 mark. I read that about 70% have been removed from circulation by squirrels like us.
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Pillar of the Community
Germany
1064 Posts |
People think the olympic 50p coins will make them money. I have the feeling that after a while people will realise they won't, and will spend them. I remember back in 2010 when people thought they'd get through uni by selling one 2011 coin on e-bay. They might have got themselves a pint out of it at the time. I even remember on e-bay people paying MORE for circulated coins than you could get uncirculated at the mint, weird.
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Valued Member
United Kingdom
62 Posts |
Fairly sure I've had a Dickens one in change if that helps. Was £2 the only denomination it was issued in?
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Valued Member
Canada
55 Posts |
Yes, they only made the Dickens in £2 coin. And I guess if you've seen that one, then they're all probably already circulating... possibly except for the Rio £2, which I've not heard any confirmation on.
What usually happens in Canada, at least for the past tens years, is you'll see a new commemorative in your change for about the first month after release, and then you're lucky if you ever see it again in circulation. So, maybe it's the same in the UK where people just keep them and never re-circulate them?
Although when it comes to Olympic coins, the Canadian Mint's made so many of them that you always seem to see them in your pocket change.
Edited by Jayson
02/20/2013 1:45 pm
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Replies: 11 / Views: 1,428 |
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Posted 02/18/2013 9:25 pm
