Using the designs of some of the most popular coins being traded online, the Royal Mint will be issuing two sets of five commemorative coins to celebrate the 50p coin’s 50th anniversary.
The 50p coin was introduced in 1969 as part of the UK’s transition to decimalization following the introduction of new 5p (to replace the shilling) and 10p (to replace the florin) coins. As the coins began to circulate, some of the lower denominations were withdrawn. On February 15, 1971, British merchants stopped issuing coins that were based on the 240 pence-based Pound and issued change using the decimalization currency known as New Pounds.
Although the coins will be issued as part of commemorative sets with 2019 dates, some feel that the Royal Mint is doing this to manipulate the market to reduce the collector value of its coins. Officials of the Royal Mint has denied the accusation.
Could the reissue of coins with previous designs hurt the value of the collectors market? In the United States, collectors demand the use of classic designs and that has had no impact on the collector market. However, the coins were issued as part of precious metals programs that has almost no competition with the collectible coin market. When was the last time someone decided that the Walking Liberty half-dollar was not worth collecting because the American Silver Eagle uses the same design?
If the Royal Mint mint limits the issue of the coins to the sets they announced, then the awareness of the coins could enhance the British collectors market. However, if the Royal Mint changes their mind and issues the coins for circulation, the collector market could be impacted in a manner similar to the general collectibles market of the 1980s where companies overproduced and overhyped their products.
And now the news…
Tap-and-go payments and the decline of coins are hurting the Royal Australian Mint despite its plan to make up lost revenue with a rise in profits from selling collectors' items and manufacturing currencies for countries overseas. → Read more at smh.com.au
The 50p was first introduced into circulation in October 1969 and since then dozens of designs have entered the market – many of which could soon make a comeback → Read more at mirror.co.uk
The Spainhowers’ house burned down in Camp Fire but they found some luck when they uncovered a coin from their honeymoon within the rubble. → Read more at yahoo.com
The South African Mint, a subsidiary of the South African Reserve Bank has announced its first ever Natura coin in fine silver. → Read more at businesstech.co.za
Many precious findings are still hidden under the ground. → Read more at spectator.sme.sk