How The Queen’s Notes and Coins Can Help YOUR Pounds Soar!

0

[ad_1]

Historical Value: Prices rise for rare banknotes and coins made during the Queen’s long reign

Queen Elizabeth II’s glorious reign is coming to an end, but rare coins and notes featuring this beloved monarch remain a lasting legacy whose values ​​are set to grow.

The first King Charles III commemorative coins were minted last week by the Royal Mint. While these ‘uncirculated’ 50 pence coins and £5 crowns make excellent souvenirs, they are unlikely to be wise investments.

For example, the new 50p King Charles commemorative released on October 3 can be ordered for £11 – but still only has a face value of 50p (as legal tender) and is unlikely to be worth be purchased as an investment.

The same goes for more expensive specials from the Royal Mint – such as a King Charles III Platinum 50p (costing £1,465).

But collectors may be drawn to the £5 coin because it not only has King Charles on its head, but also two images of the late Queen on the reverse. A gold version costs £2,975.

There is even a 1kg gold coin limited to 30 pieces with an image of King Charles on one side and the Queen on the other. It sells for a jaw-dropping £82,950.

Maundy Thursday April 6 next year will mark the first issue of King Charles coins with real potential to prove sound investments. These coins, traditionally given to the poor by the monarch on the last Thursday before Easter, are struck in silver with denominations of one penny, two, three and four pence.

A set of Maundy Thursday coins donated by Queen Elizabeth from 1953 – the year of her coronation – sold just four days before her death for £1,100. But experts believe they would command a price closer to £1,500 now as the value of the rare coin representing the Queen will rise in value over the next few months. Only 1,025 Maundy sets were made in 1953.

Gregory Edmund, Senior Specialist at coins and banknotes trader Spink, said: “The Queen’s place in history will only grow in importance over time and this will likely be reflected in the value of related rare coins and banknotes. to his reign. price in the months and years to come.

He adds: “But knowing where to look is important if you want to buy an investment. Scarcity helps make currency valuable. Watch out for anomalies where coins were mistakenly issued by the Royal Mint or produced in extremely limited numbers – as this is where we might now expect to see values ​​rise the most.

Edmund points to a humble 1983 2p coin with an image of Queen Elizabeth on one side with the words New Pence on the other. Examples now sell for up to £1,700 – due to the correct ‘head’ image and the wrong ‘tail’ words: ‘New Pence’ instead of ‘Two Pence’.

Another odd-sided Queen Elizabeth coin – known as the ‘mule’ in numismatic circles – is a batch of 20p coins from 2008 when the Royal Mint forgot to provide the date of issue. These can sell for £70 each. Mistakes can also be made in the metals used in production. Queen Elizabeth’s £2 coin is usually made of two alloys: a silver-coloured copper-nickel disc surrounded by a golden nickel-brass ring. In 2017, an escaped batch from the Royal Mint was all nickel-brass. Pull one out of your pocket and you might just have a £1,000 find.

Edmund says, “You might also consider commemorative coins issued during the reign of Queen Elizabeth. But beware as these are often just souvenirs sold at a high price. The ones to watch out for are the limited editions.

The coin expert points to the Kew Gardens 50p 2009 which was limited to just 210,000 coins to commemorate the 250th anniversary of the Royal Botanic Gardens. These can sell for £200 if still in mint condition.

King Charles III is due to be crowned in early June next year – the same month the Queen had her coronation. It was at this time that the coins marking his reign would be widely circulated. Following the tradition of alternating the profile of successive monarchs, King Charles III should face left. Only Edward VIII broke this tradition by preferring to face left after the death of his father George V. This was the result of vanity as he wanted to show his best side where he parted his hair. But Edward VIII was never crowned and abdicated less than a year into his reign so he could marry American divorcee Wallis Simpson.

This meant that thousands of King Edward’s coins that were to be released at his coronation had been melted down. Only a handful survived the furnace. In March this year an example was sold for £200,000. It was divided into 4,000 shares, with each “member owner” paying £50. King Charles will not wear a crown on coin images, following the protocol of recent male monarchs including George V, Edward VIII and George VI.

Queen Elizabeth’s historical significance as Britain’s longest reigning monarch means that coins in circulation with her profile are prolific and the vast majority are never expected to increase in value over time.

Yet the twists and turns of the royal family are difficult to predict. The value of King Charles III coins could therefore jump in the event of an unexpected event in the future.

King Charles III banknotes are not expected to be issued until 2024, as the new king does not want to waste money pulping the new sustainable polymers already in circulation.

While the face of the monarch will change on the new banknotes, the image on the reverse, like artist JMW Turner on the £20 note, is not expected to change at the same time.

Pam West of trader British Notes said: ‘Queen Elizabeth II was the first monarch to feature prominently on banknotes, increasing her appeal for those considering an investment.

She adds: ‘The first Bank of England banknote featuring the Queen was the £1 note issued in 1960. In perfect condition, these dated notes sell for £12, but find one with a serial code early – like the one I own with an A01 000034 prefix – and you have an investment worth £3,400. The Queen did not appear on the £5 note until 1963 and on the £10 currency a year later. Early examples of these rare survivors can sell for £150. It wasn’t until 1970 that the £20 note was released – a year before decimalisation.

West says, “Early £20 notes, featuring William Shakespeare on the reverse, with a signature of Chief Cashier John Standish Fforde, are extremely rare and worth up to £6,000 if low serial code.”

Fforde was replaced later in 1970 by John Brangwyn Page. Sample £20 notes with Page’s signature can cost £150. The first £50 note with the Queen’s portrait was issued in 1981. The first copies changed hands for £340. To date a banknote, you must be able to decipher the prefix code – although the head cashier whose signature appears on the banknote can also provide a clue.

Unfortunately, this can be a headache for the untrained eye, but websites such as britishnotes.co.uk offer advice.

There are also British Commonwealth countries with images of Queen Elizabeth on their banknotes – Seychelles banknotes being particularly well known to collectors. A 50 rupee note (about £2.50) issued between 1968 and 1973 had the word ‘sex’ secretly written in the palm leaves and these can sell for £700 while a 10 rupee note from the late 1960s (50p) spelled ‘scum’ in the coral reef can cost £300.

Although previous monarchs rarely appeared on banknotes, an exception was in 1914 when King George V appeared on a ten shilling (50p) and £1 note issued by the British Treasury. These were released because World War I was creating huge demands on the economy and the country’s gold reserves – and Britain was in desperate need of more money.

Early examples of these notes can change hands for £1,800 and £2,500 respectively.

Some links in this article may be affiliate links. If you click on it, we may earn a small commission. This helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow any business relationship to affect our editorial independence.

[ad_2]
Source link

Share.

Comments are closed.