Posts Tagged ‘Silver Coin’
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.
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.
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.
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…
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.
The Secret Life of Isaac Newton…
English mathematician, astronomer, and physicist, Sir Isaac Newton is one of the most famous scientists of all time. He is renowned for producing the single most influential book on physics ever written, The Philosophiae Naturalis Principia Mathematica, but not many people know that discovering why apples fell from trees and changing the way we understand the universe were not the only problems he dealt with…
Newton and the Counterfeiter
The Tower of London – Home of The Royal Mint for 500 years. From 1279 – 1812.
In 1695, The Royal Mint discovered that a large number of the UK’s circulating coins were fake. In fact, 10% of England’s coinage was known to be phony. Unable to keep up with the increasing intelligent counterfeiting methods they turned to England’s ‘brightest mind’ for help.
Sir Isaac Newton was appointed warden of The Royal Mint, with a sole purpose of enforcing laws against counterfeiting.
Most counterfeits were easy targets for Newton, but one man in particular kept eluding his grasp – William Chaloner.
Chaloner was a nail maker by trade but found a more worthwhile application for molten metals. The counterfeiter’s self-made wealth enabled him to pose in a way that matched his intellect.
Newton wanted nothing more than to finish Chaloner. He went into full detective-mode.
Newton undercover
Sir Isaac Newton
Newton constructed a strong case, using his network of informants and spies around London in a systematic way to form a complete representation of Chaloner’s actions. He even went undercover himself to obtain evidence from witnesses at pubs around the city. By the time the trial came, he had gathered eight witnesses.
The treason charge stuck – on March 3rd 1699, William Chaloner was sentenced to hang.
Later that year, Newton was made the Master of the Mint, a position he would hold until his death in 1727.
Master of the Mint
Newton took up his duties with effect from Christmas Day 1699. Immediately his active involvement in the affairs of The Royal Mint became undoubtable, he took the role very seriously before retiring from his duties at Cambridge in 1701.
He survived the political upheavals of those distressing times and in 1705 he was knighted by Queen Anne, making him just the second scientist ever to be knighted.
The first gold standard
During his role as Master of the Mint, Sir Isaac Newton wrote a report to the Lords Commissioners of His Majesty’s Treasury, as a result the relationship between gold and silver coins was forever changed by Royal proclamation at the end of 1717. It forbid the exchange of gold Guineas for more than 21 silver shillings. This meant that silver coins were being used to pay for imports, subsequently Britain saw a silver shortage – effectively moving the country from the silver standard to its first gold standard.
His Legacy to our coinage
The UK Sir Isaac Newton 50p
As a result of Newton’s vision, coins struck by The Royal Mint remain unrivalled in their accuracy and purity. He helped to make Britain’s currency one of the most respected and admired in the world. As one of the most famous figures to ever hold the role of Master of the Mint and author of the single most influential book on physics ever written it is entirely appropriate he is celebrated on a UK coin.
If you’re interested…
A brand new UK 50p coin has just been issued by The Royal Mint to commemorate the 375th anniversary of Sir Isaac Newton’s birth and his outstanding legacy.
You can own one today.
Meet the FOUR new Beatrix Potter 50p coins…
Four new Beatrix Potter 50p silver coins have been revealed by The Royal Mint. Benjamin Bunny, Mr. Jeremy Fisher, and Tom Kitten all feature for the first time on UK coinage – whilst Peter Rabbit scampers back onto our currency for the second year in a row.
The four coins issued in 2016 created a collecting frenzy, crashing The Royal Mint’s website and selling out within days. And these new character coins are just as cute, just as evocative, and importantly – just as collectable.
Here’s a first look at the new silver coins, with details of when they are available…
The 2017 Peter Rabbit UK Silver 50p Coin
2017 Peter Rabbit 50p
Everyone’s favourite mischievous bunny is back – pictured in a familiar pose dashing away… presumably from Mr McGregor’s garden.
Probably Beatrix Potter’s most familiar character, the coin is bound to be sought-after.
Last year’s Silver Proof Peter Rabbit coloured coin now changes hands on Ebay for up to £400, underlining its collectability.
The 2017 Jeremy Fisher UK Silver 50p Coin
2017 Mr. Jeremy Fisher 50p
This silver 50p, due to be released in June, pictures the unlucky frog Mr. Jeremy Fisher – who only wanted to catch some fish for dinner for his friends but ends up almost being eaten by a trout.
Each of the Silver Proof editions is limited to just 30,000 coins. Given the level of demand for last year’s series this may well not be enough for everyone that wants one.
The 2017 Tom Kitten UK Silver 50p Coin
2017 Tom Kitten 50p
Available late July, the Tom Kitten Silver 50p features the original illustration from the front cover of Beatrix Potter’s book. The naughty kitten appeals to children everywhere with his antics and is another favourite character from the series.
All four coins have been struck to a fine ‘proof finish.’ It really brings the designs to life – and is often referred to as ‘the collector’s favourite’ due the high level of craftmanship required to achieve the result.
The 2017 Benajmin Bunny UK Silver 50p Coin
2017 Benjamin Bunny 50p
The last coin to be made available (slated for September) introduces another of the Rabbit family. Benjamin Bunny is Peter’s Cousin and leads him on another jaunt into Mr. McGregor’s garden. The illustration featured on the coin is taken from the original front cover.
I’m sure you’ll agree, these four coins are the perfect continuation of the series, and really capture the nostalgic charm of Beatrix Potter’s original stories.
But if there’s one lesson you can take from last year, make sure you get yours early – before they sell out!
If you’re interested…