Her Majesty the Queen
EXPERT GUIDE: building a historic coin collection
One of the questions I get asked most, by my friends and others in the coin business, is: what is the best (and most affordable) way to build an enviable collection of historic coins?
There are so many fascinating coins in British history, it’s a question that is hard to answer. Where do you start!?
Which is why I’ve decided to put together an Expert Guide to building a collection of historic coins, by answering some of the questions I hear most often from collectors…
How far back can I go?
One of the questions collectors face when they first start collecting historic coins is: how far back can I go? Is a Victorian coin affordable, and did every monarch release coins?
As a general rule, coins tend to get more expensive the further back in time you go. Which is why owning a coin from our current monarch is the best place to start. You can then work your way back through other famous monarchs.
Most collectors can aim to collect coins from each monarch back to the 17th century. After the tumultuous leadership of Oliver Cromwell, Charles II reclaimed the throne and began a period of standardised coin issue. For most collectors it’s possible to collect coins back to this fascinating period in history without breaking the bank!
Which are the important monarchs?
A great coin collection should contain coins issued by famous monarchs, monarchs that changed the history of our nation and ones that revolutionised our coinage.
An obvious monarch is Queen Victoria – the monarch who built the largest Empire the world has ever seen and who oversaw some of the greatest changes our nation has ever experienced. And every collection should contain an important issue by our current monarch, Queen Elizabeth II, the longest reigning monarch in our nation’s history! And you can’t leave out George III, not only did he oversea a complete overhaul of our currency but he’s also our longest reigning King.
Those are just a few of the key monarchs, but once you start collecting you’ll find that each monarch has a fascinating story and a number of really interesting coin issues.
Base metal, Silver or Gold?
Gold has historically been seen as the pinnacle for collectors. But this famous metal comes with its difficulties. Gold coins were issued in much smaller numbers, and not every monarch released a standardised gold coin. Which means that to own a Gold coin from some monarchs is extremely difficult – for example George VI only issued a Sovereign for one year of his reign.
Base metal and Silver coins tend to be much more achievable for most collectors. Base metal coins (pennies, farthings and the like) tend to be less expensive, however because of their lower value the quality of coins can vary widely. Silver coins were issued by most monarchs, and because of their slightly higher value tend to be found in better grades.
How should I store my coins?
The wear and tear of an old coin is part of the appeal of collecting historic coins, but it’s important to protect your coins from any outside interference that could potentially discolour, wear or generally affect the condition of your coin.
I would recommend always storing your coins in capsules, and if possible in a tamperproof capsule that will guarantee the condition of your coin for generations to come. And as you build your collection, there’s nothing better than having a box with trays to keep your collection together for you to store and present.
How much will it cost me?
For most collectors building a historic coin collection, one of the most confusing elements can be price. The prices for historic coins can vary widely – you might find an old Victorian penny at a car boot for less than £10 and then see what looks like the same coin selling for hundreds on an online auction site.
I’d always recommend purchasing carefully, preferably by making sure you either have an expert opinion or by ordering from a reputable retailer. By making sure you’re getting your coins from the right place, building a collection of Silver coins back to the 17th century is actually more affordable than many collectors realise – in fact most coins should cost between £100 and £500.
Lastly… have fun!
The most important part of collecting coins is having those coins in your hand and feeling the history your coin has carried with it over generations. So have some fun and get collecting!
If you would like to learn more about building your own historic coin collection, with some expert guidance, just fill out the form below. One of our team will be in contact with you soon:
The day we took 1,000 coins into the sky in an original WWII Spitfire…
Last month, I had a fantastic opportunity to get up close and personal to one of the world’s most famous aircraft – the Spitfire!
The iconic Supermarine Spitfire was critical in defeating Luftwaffe air attacks during the Battle of Britain in 1940, and so to mark the 80th anniversary this year, I knew we had to arrange something unique to produce a truly special collectable coin worthy of the historic anniversary.
So on the 23rd July I drove up to the historic Duxford Aerodrome to have 1,000 brand new Proof £5 coins flown in an original WWII Spitfire.
Now the purpose of my visit was to have 1,000 Official Battle of Britain £5 coins flown in an original WWII Spitfire, but I was also able to talk to RAF Flight Lieutenant Antony ‘Parky’ Parkinson in great detail about his time in the RAF and as an ex-Red Arrow ahead of the Battle of Britain anniversary. You can see Parky discussing his career and the Spitfire in the video below…
Before Parky took the ‘NH341’ Spitfire to the air, I helped him secure the 1,000 Battle of Britain Spitfire £5 coins into the wing bays which would have once held the fighter plane’s armaments while defending Britain in the skies 80 years ago. The space in the wing bays is extremely limited, hence the limited number of coins that were able to be taken to the sky.
Standing within a few feet as the famous Rolls Royce engine fired up, I watched in awe as the elegant, agile aircraft taxied along the runaway and gracefully took to the skies.
Although many 80th anniversary plans up and down the country have had to be cancelled, I am delighted to be able to give a limited number of collectors the opportunity to become the proud owner of the BRAND NEW Official Proof £5 coin that has been flown in an original WWII Spitfire plane. But that’s not all, as I was also able to arrange for them to be personally hand-signed by Parky.
The brand new Spitfire £5 coin is a fantastic commemoration of the famous plane and I am grateful that I had the opportunity to mark the 80th anniversary of the Battle of Britain with such a fitting tribute.
So I’m sure you can appreciate what a genuinely rare collectable these will instantly become and demand is expected to exceed availability. If you wish to secure one for your collection, you need to act quickly by clicking here.
Thank you to Flight Lieutenant Antony Parkinson MBE and the rest of the team at Aerolegends for helping to take the Spitfire £5 coins to the sky and for giving me the opportunity to see this famous warbird in the flesh.
If you’re interested, you’ll need to be quick as over 50% have already been reserved. You can secure the Official Battle of Britain Proof £5 coin now for JUST £35 by clicking here >>
And remember, not only will your official Battle of Britain £5 Proof coin have been flown in an original WWII Spitfire, it is also one of just 1,000 coins that have been personally signed by Lieutenant Antony Parkinson ‘Parky’, MBE.
Click here to secure yours today >>
The most collectable Sovereign yet – Australia’s FIRST ever Piedfort Sovereign
The Gold Sovereign is undoubtedly one of the most famous gold coins in the world. It’s a classic piece of coinage that is coveted the world over and is highly sought after every year by thousands of collectors.
But have you heard of a Piedfort Sovereign? They’re incredibly rare and are some of the most highly sought-after issues I’ve ever seen – demand for the first UK Piedfort Sovereign was so high that it sold out within 24 hours!
Now, in its 165th year, the Perth Mint has created numismatic history by releasing the first ever Australian Piedfort Sovereign.
Crucially, there are three key reasons why this limited edition coin is set to be the most collectable and sought-after Sovereign ever issued…
1. It’s a piece of numismatic history
The Australian Sovereign is as close to a well-kept coin secret as you’re going to find. It’s been struck every year since 1855 to the same exact specification as the UK Sovereign.
Importantly, this is the very first time the Australian Sovereign has been struck to a Piedfort specification. This makes it a significant piece of numismatic history, as it is the first-of-its-kind to ever be struck.
But it’s not only the Piedfort specification that makes this coin historically significant. The classic Australian Sovereign design features a special one-year-only “165” privy mark, to mark the 165th anniversary of the first Australian Sovereign. The Sovereign is the ‘King of Coins’ so this superior issue couldn’t be a more fitting tribute.
These two facts alone make this issue incredibly desirable and will make it a priority for collectors in the future.
2. Superior, highly collectable specification
In the 12th century Piedforts were considered prestige pieces and ownership was often used to signify a person’s wealth and power. Today, Piedforts continue to be limited issues and striking of such pieces is reserved strictly for the most important events.
Struck on double thickness blanks, Piedforts are twice the weight and contain twice the amount of precious metal as their standard coin counterparts. They’re some of the finest examples of coin craftsmanship you’ll ever see.
What’s more, they have tiny edition limits and consequently fast sell-out rates. This makes them some of the most collectable coins around.
3. Sell-out all but guaranteed
I saved the most significant point for last. You see, when the very first UK Piedfort Sovereign was released in 2017, with an edition limit of 3,500, it completely sold out within 24 hours at the Mint.
Compare this to the very first Australian Piedfort Sovereign, with a worldwide edition limit of 350 coins. Yes, you read that correctly, JUST 350 single Australian Piedfort Sovereigns have been issued – that’s a mere TENTH of the number of UK Piedfort Sovereigns that sold out in 24 hours.
The high demand of Piedfort Sovereigns suggests that we are looking at a record-breaking sell-out.
If you’re interested…
As official Perth Mint distributors we have been fortunate to secure a limited number of these limited edition Sovereigns for UK collectors. Just 350 have been issued worldwide, making it ten times rarer than the first ever UK Piedfort Sovereign that sold out within 24 hours of release.
Considering that this coin is a numismatic ‘first’ very few will make their way out of Australia, meaning your chances of owning one are very limited. Don’t hesitate, click here for more information >>
