Change Checker Encyclopedia- Coin terminology made easy!

 

 

 

 

 

The thing we love about coin collecting is that anybody can do it…but, we’re aware that to those who are not seasoned collectors, some of the terminology can be a bit daunting. So we decided to draw up a go-to terminology list, the Change Checker Encyclopedia, to ensure you never confuse your ‘base metal’ from your ‘bi-metallic’ again!

Face Value

The face value of coins is usually its legal value. However, their market value usually doesn’t bear any relationship to the face value as collectors pay close attention to the coin’s metal content, finish and rarity.

Obverse

This is the side of the coin which features the monarch’s head- hence “Heads”

Reverse

This is the opposite side of the coin to the monarch’s head and commonly referred to as “tails”. This will usually feature an emblem or another design.

Circulated

These are the coins that you find in your change. As they’ve been circulated among the population they’re likely to show some wear and tear.

Uncirculated

A coin in a new condition fresh from the Mint originally intended for circulation but not circulated. Usually they have some small scratches and marks.

Brilliant Uncirculated

These coins are struck to a superior finish and don’t have the scratched or blemishes you’ll find on the coins in your change.

Proof

‘Proof’ refers to the finish of a coin and is often a favourite amongst collectors. Proof coins are struck several times with special highly polished dies and usually have a mirror lustre finish, with frosted relief.

Blank

This is a disc-shaped piece of metal onto which a coin image is struck or pressed

Base Metal

This is a common and inexpensive metal, usually either Cupro-Nickel or Nickel Brass, used to produced coins for circulation.

Milled Coin

This is any coin that has been struck in a coining press.

 Die

This is a block of hardened metal that has a design or effigy engraved on to it. It is used to impress the design onto a coin blank. 

Strike

This is the final stage of the coin making process where an image is pressed (using huge force created by two dies) onto both sides of a coin blank.

Bi-Metallic

A coin made from the combination of 2 metals or alloys, our £2 and the new 12-sided £1 coin are good examples.


Mis-Strike

The striking process is never fully exempt from human error and sometimes a coin can become mis-aligned during the striking process, making it a mis-strike.


Error

Genuine errors, such as the undated 20p and ‘silver’ 2p are extremely rare. If you think you’ve found one you can send an image to info@changechecker.org we’re we will verify if it is genuine.

Mintage Figures

Simply speaking the mintage figure is the total quantity of a specific coin that has been struck. This can be higher than the ‘edition limit’ depending on how the coin is offered. Mintage figures are only one of the guides to the collectability of coins as over time coins will be withdrawn from circulation due to damage, they may get lost or be retained by collectors.

Mint

This refers to any organisation authorised to strike coins and medals. The British Royal Mint is one of the oldest and most respected in the world dating back to the 7th century.


You can download the images from the Change Checker Encyclopedia so that you always have a copy to hand.

Posted in Blog Home, Coin Info, General info | Tagged , , , , , , , , | 1 Comment

Not everybody is happy with Jane Austen’s ‘makeover’ on the new £10 note

2017 marks 200 years since the death of Jane Austen– one of the best-loved English novelists of all time. And to celebrate such an inspirational female figure, both The Royal Mint and the Bank of England have chosen to honour her on a brand new coin and bank note this year.

In fact, this is the first time ever that someone has featured on a circulation coin and banknote at the same time– other than the reigning monarch.

But, all is not well. In an era where airbrushing celebrity photos is par for the course it is perhaps surprising that there has been such uproar regarding Jane Austen’s portrait on the new £10 note.

A portrait of Jane Austen, considered a genuine likeness, compared to her portrait on the new £10 note.

However, many people are upset that she appears to have had the Photoshop treatment; altering her real image to one ‘better suited’ to this modern age. With some even going as far to say she has been made into a Disney princess. Although the difference is not drastic, it is clear that a few minor tweaks have been made.

It seems as though it is not a good idea to mess with the appearance of such a well loved English icon.

We’d certainly be interested to hear your thoughts on the matter, let us know by answering our poll.

 

Posted in Blog Home, General info | Tagged , , , , | 3 Comments

Your favourite coin design of 2017 revealed!

We know how much you love a new coin design so earlier this month we asked you to vote for your favourite 2017 release.

This turned into a hotly contested 3 horse race between the Jane Austen £2, the Sir Isaac Newton 50p and the WWI Aviation £2 coin. But there could only be one winner and the coin you chose was…

THE SIR ISAAC NEWTON 50p!   

Sir Isaac Newton is widely recognised as one of the most influential scientists of all time and a key figure in the scientific revolution. He changed our understanding of mathematics and physics, redefined the way we see the world and shaped the security of our currency in his role as Master of the Mint. Designed by Aaron West, this 50p coin has been issued to commemorate the achievements of Sir Isaac Newton and remembers the legacy he left.


In total there were over 900 votes with only 29 votes separating the top 3:


Here’s a full breakdown of the results so you can see how the other designs fared:


The Sir Isaac Newton 50p coin is due for individual release later this year, so make sure you sign up to receive updates on its availability.

Posted in 50p coins, £2 coins, Blog Home, Coin News | Tagged , , , , , , , , , | Leave a comment