Posts Tagged ‘Coins’

Errors, Mules and Mis-strikes: Why the 2014 Year of the Horse Silver Coin is so sought after

We all have our favourite coins to collect, whether it be historic coins, special 50p designs or coins from around the world.

But one thing that piques the interest of almost all collectors, including myself, is the elusive ‘error’ coin.

 

Mule coins 300x297 - Errors, Mules and Mis-strikes: Why the 2014 Year of the Horse Silver Coin is so sought after

Examples of error coins – top: nickel brockage error, bottom: Indian 25 paise mis-strike

 

Considering the high levels of technology involved in minting coins and the number of different quality controls in place, it is extremely rare that a coin is minted with an error. And it is even rarer for an error coin to be released to the public.

However, over the years there have been sporadic cases of error coins being struck and issued to the public. Just a few things that would be considered an error would be an off-centre strike, a crack in the die or even use of the wrong die completely!

And that last one is exactly what happened to the 2014 Year of the Horse Lunar Silver Coin when it was incorrectly struck with the distinctive denticle obverse of the 2014 Britannia coin.

 

UK 2014 Chinese Lunar Year of the Horse Silver Five Pound Error Coin Set - Errors, Mules and Mis-strikes: Why the 2014 Year of the Horse Silver Coin is so sought after

Comparison of 2014 Year of the Horse error and non-error coin

 

After an investigation, it was discovered that approximately 38,000 Year of the Horse coins were struck with the incorrect denticled edge on the obverse. And once The Royal Mint confirmed this as a genuine error, these coins understandably became incredibly sought after.

 

N019 Year Of The Horse explanation - Errors, Mules and Mis-strikes: Why the 2014 Year of the Horse Silver Coin is so sought after

2014 Year of the Horse explanation of error

 

What makes these error coins particularly desirable is that, because it was issued as a bullion coin, many were sold around the world to coin dealers and investors. That means that they are much harder for the British public to track down. Plus, of course, in terms of pure numbers struck they are considerably scarcer than previous errors such as the ‘undated 20p’.

In fact, Ebay listings have seen the value of these coins soar to around 30 times their original value! So if you are lucky enough to own the 2014 Year of the Horse coin, I’d suggest you go and have a closer look at it!

 


If you’re interested…ImageGen 300x286 - Errors, Mules and Mis-strikes: Why the 2014 Year of the Horse Silver Coin is so sought after

We have a small number of the ‘Year of the Horse Silver Mule Sets’ available to buy. This set contains the Year of the Horse error coin alongside the correct version of the coin for easy comparison. This ‘mule’ is an absolute must for any collection and is extremely rare, so secure yours today.

Click here for more details >>>

Could you be hiding a small fortune in the attic?

I am sure we have all dreamt of stumbling across a dusty old stamp collection or long forgotten silver coin secretly worth a small fortune hiding somewhere in the house.

Unfortunately I am yet to stumble across my fortune in the attic, but this dream recently came true for a grandmother from Hull when she found a 1644 Oxford Crown in her late grandfather’s coin collection.

Charles I Oxford Crown Replica Standing 1 - Could you be hiding a small fortune in the attic?

The reverse of the Silver-plated Charles I Oxford Replica coin, depicts Charles I on horseback with the City of Oxford in the background.

While clearing out her attic she found a shoebox of coins she had inherited from her grandfather decades ago. She initially offered the collection to her children, who rejected what they saw as ‘worthless junk’.

She then considered binning her collection of relics, before making the decision to have the coins valued along with a number of other family heirlooms.

That’s when she discovered that amongst her collection was the incredibly rare 1644 Charles I Oxford Silver Crown. This coin was struck for just one year and is considered by many numismatic experts to be one of the most beautiful British coins ever produced.

Struck in 1644, this crown was minted while the country was in the midst of a Civil War. The coin features a portrait of King Charles I on horseback placed against a fantastic rendition of the City of Oxford which was his headquarters during the English Civil War.

Charles I Oxford Crown Replica Blog 666xpt - Could you be hiding a small fortune in the attic?

King Charles I. Monarch of the three kingdoms of England, Scotland and Ireland from March 1625 until his execution in January 1649.

It is no wonder that this coin is so highly valued. It is incredibly rare, the design is one of the most intricate ever struck on a British coin and it marks one of the most significant moments in our nation’s history – the English Civil War.

The historic coin is expected to reach in excess of £100,000 at auction and the owner plans to use the money to help her granddaughter, currently expecting her first child, to fund a house deposit.

I think it’s time for me to have another dig around in the attic!

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If you’re interested…

For those not planning on bidding in the auction for this exceptionally rare coin, we have a limited stock of just 36 Silver-plated replicas available of the beautiful 1644 Oxford Crown. Click here to find out more >>>

Charles I Oxford Crown Replica Obverse Reverse 1 300x208 - Could you be hiding a small fortune in the attic?

Globalisation – the coin that launched it all…

Spanish Silver Trade Dollar 300x200 - Globalisation - the coin that launched it all...

The 1739 ‘Spanish Silver Trade Dollar’.

While I was watching “Civilisations” on the Beeb last week they mentioned how the introduction of the Trade Dollar was the first step in globalisation – this got me thinking, so I made a cup of tea and looked into the history of the Trade Dollar and it truly is a fascinating tale.

Way back in the 16th Century, the first trading currency came to be because of the popularity of the silver Spanish dollar (better known as pieces of eight – yes those!) in China and they created the “Dragon Dollar” or “Silver Dragon” which were not only used in China, but also became the preferred currency for trade with their neighbours.

In the 19th Century, the Chinese were defeated in the First Opium War and forced to open their ports to foreign trade. The British merchants from The East India Company were now able to take advantage of the silk, porcelain spice and tea trade in the Orient.

The Rise of the British Trade Dollar

Now, with so many routes to trade it made sense for each country’s traders to mint their own coins, from their own supplies of silver. BUT these new silver trade coins all had to be minted to the same specification as the famous Spanish Dollar weighing in at approximately 27g and minted in 0.900 silver. The trade dollar was truly born and trading was made easier for the world – hence the movement of goods (and people) became more prevalent and “globalisation” started.

EIC Trade Dollar 1 300x200 - Globalisation - the coin that launched it all...

The 1895 British Trade Dollar.

Our British Trade Dollar was first minted from 1895 and designed by George William De Saulles – a British coin with an eastern feel, it was exclusively for use in the Far East. For the first time on a coin, it showed a helmet-wearing Britannia holding a trident and the British shield with a merchant ship in the background.

Although The East India Company had been trading since the early 1600s, the introduction of the British Trade Dollar secured them as the single most powerful economic force of its time – tea, silks, spices and so much more travelling across the world on their ships not only for Britain, but also the rest of the Empire and Commonwealth. Without the original version of this coin we would be waiting for a cup of tea for a very long time!

A 21st Century spin on a 19th Century coin

EIC 2018 Trade Dollar Silver Proof Coin Lifestyle Product 300x208 - Globalisation - the coin that launched it all...

The 2018 East India Company 1oz Silver Proof Trade Dollar.

This year, The East India Company is launching a coin that has been faithfully inspired by the original British Trade Dollar – The East India Company 2018 Trade Dollar 1oz Silver Proof Coin features Britannia surrounded by an oriental pattern. The obverse for the first time, displays the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II surrounded by an arabesque cartouche.

A Faithful nod in these modern times to the coin that started it all.

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If you’re interested:

EIC 2018 Trade Dollar Silver Proof Coin Obverse Reverse Blog 300x200 - Globalisation - the coin that launched it all...

The 2018 East India Company 1oz Silver Proof Trade Dollar, limited to just 2,500 worldwide.

You can own the 2018 East India Company 1oz Silver Proof Trade Dollar, but you’ll have to be quick as just 2,500 have been issued worldwide! Click here to secure yours now >>