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George VI & Elizabeth II Shillings & Florins

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Coinaholic73's Avatar
United Kingdom
298 Posts
 Posted 05/27/2014  10:41 am Show Profile   Bookmark this topic Add Coinaholic73 to your friends list Get a Link to this Message Number of Subscribers
Does anyone think high grade examples of these are a little undervalued at the moment because there is not a collectors market for them to the extent of older coins?

Gothic Florins in higher grades are expensive because they were battered from being the highest denomination coin in circulation for a while. Given that Cupro-nickel shillings and Florins circulated for 22 years after decimalisation until 1993 do you think the same will apply in the future? on a smaller scale as many more were minted than in victorian times obviously.
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United Kingdom
1351 Posts
 Posted 05/27/2014  11:17 am  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
A few of the G6 coins are 50% silver so have some bullion value.
The rest were minted in millions.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 05/27/2014  1:04 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
I think there's a market for them. Certainly shillings seem reasonably popular a series.

But prices for most will never be particularly high because there are plenty of reasonable grade coins available. None circulate now so most will stay pretty much as they are, or were when they were demonetised.

What will command a premium is perhaps well struck earlier issues of EII. This is because Mary Gillick's original portrait was too shallowly cut. There are similar problems with some other issues which are difficult to find with good detail. This is where knowing your coins comes in. Some coins are common enough in BU, but finding a better than average strike takes some work.
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NumisRob's Avatar
United Kingdom
18022 Posts
 Posted 05/27/2014  2:03 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
I agree that some of these coins are undervalued. I expect that all dates from 1954 to 1962 are quite scarce in UNC as not many would have been put aside at the time of issue. The later dates are probably plentiful in UNC as lots were put away at the time. When sorting through bags of 5p/shillings in the 1990s I found fewer 1965 Scottish shillings than 1961s, but all catalogues show the 1961 as more valuable. Dealers and collectors recognised the 1965 as a scarce coin at the time of issue, and saved large numbers of them.

I remember looking through some old copies of the now-defunct COIN MONTHLY magazine a few years ago and noticing that several Elizabeth II cupro-nickel coins were selling for less in 1988 than in 1968. Many modern British coins spiked in value in 1967-71 when lots of collectors were building sets of pre-decimal coins prior to decimalisation.

I can't think of anything that would make Elizabeth II cupro-nickel coins go up in value - there doesn't seem to be any increase in the number of collectors, and most people prefer earlier silver or the more recent decimal issues.
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