Coin News
The 50p that’s guaranteed to float your boat – The RNLI 50p!
The 2024 UK RNLI 50p has just dropped anchor and is ready to swim straight into your collection!
I know a lot of you will be wanting to get your hands on this one, because we asked you to vote for your favourite design from the Annual Set, and the RNLI 50p won with a huge 50% of the votes!
So if you just cant wait, click here to secure your 2024 UK RNLI 50p for just £5.99 >>
Or, keep reading to find out a bit more…
History of the RNLI
The Royal National Lifeboat Institution, better known as the RNLI, was founded by Sir William Hillary in 1824, and 2024 marks its 200th anniversary. From being the first organization to use steam-driven lifeboats in 1890, to providing crucial maritime support during the first and second world wars, to opening their training college in 2004 – the RNLI have been making history and saving lives at sea for 2 whole centuries.
Credit: Chris Downer, CC BY-SA 2.0 via Wikimedia Commons
Each year, coins marking key anniversaries and historical figures are chosen to feature in the Annual Set – and this year was no exception with coins celebrating the National Gallery, Sir Winston Churchill, the Paris Olympics and of course, the RNLI.
A ‘mast’erpiece designs
The reverse design incorporates key symbols of the RNLI, with the flag in the centre, surrounded by a life ring and rope. Inscribed on the life ring are the years of the charity 1824-2024 as well as ‘200 years’, marking that incredible milestone.
Did you know…
The iconic RNLI flag wasn’t introduced until 1908. The first version designed by Leonara Preston in 1884 who used the St George’s cross as the basis for the flag, adding the RNLI lettering, the Tudor Crown worn by King George VI and a foul anchor in the centre.
Credit: Sodacan, CC BY-SA 4.0 via Wikimedia Commons
Credit: Oast House Archive, CC BY-SA 2.0 via Wikimedia Commons
The design was updated in 1953 to represent the change of monarch to Queen Elizabeth II when the Tudor Crown was swapped for the St Edwards Crown. It’s this version of the flag that’s been proudly flown at all lifeboat stations since, but I wonder if they’ll change the design again for King Charles III?
Let us know what you think in the comments!
Supporting a great cause
As well as a design paying tribute to 200 years of the institution that has saved over 144,000 lives, The Royal Mint are donating 5% of every RNLI 50p sold to the charity*, allowing them to continue their great work.
This isn’t the first time we’ve seen proceeds from a UK coin go to a worthy cause. Just last year, The Royal Mint donated 100% of the profits from the 2023 NHS 50p to NHS Charities Together, an organization that provides incredible support to NHS staff, patients and communities.
The 2023 UK NHS 50p commemorated 75 years of the National Health Service, and it’s estimated that the total donation figure reached £225,000 – an incredible way to celebrate three-quarters of a century of the great British organization.
So do you agree with 50% of collectors – is the RNLI 50p your favourite coin from the 2024 Annual Set? Perhaps you have a personal story involving the RNLI that you’d like to share? Let us know in the comments!
Secure your 2024 UK RNLI 50p
Secure yours 2024 UK RNLI 50p for just £5.99 >>
*The Royal Mint Limited will contribute 5% of the price excluding VAT in support of the RNLI. Payments are made to RNLI (Sales) Ltd (which pays all its taxable profits to the RNLI, a charity registered in England and Wales (209603),Scotland (SC037736), the Republic of Ireland (20003326), the Bailiwick of Jersey (14), the Isle of Man (1308 and 006329F) and the Bailiwick of Guernsey and Alderney.
The Isle of Man’s big move to phase out little coins
The Isle of Man have shared some big news about their copper coinage, and it’s causing quite a stir in the collecting community. They have confirmed that the phasing out of 1p and 2p coins will begin this year, meaning the days might be numbered for copper coins.
Why the change?
Following a consultation in 2023 by the Manx government about whether it should keep copper coins, residents responded with “no thanks”. With a population of only 84,000, many young people on the island said they don’t carry cash at all, and most rely entirely on cards or contactless payments. The pandemic also forced islanders to adapt to card payments.
Credit: Kamran.nef, CC BY-SA 4.0, via Wikimedia Commons
Rising costs of minting new coins, especially coppers, means that making a new 1p coin now costs more than a 1p coin is worth. It’s not just the coppers either, as its estimated that a new 5p coin costs around 20p to make.
Taking these factors into consideration, the Isle of Man has encouraged businesses to introduce ‘cash rounding’ as the first phase.
What is cash rounding?
Cash rounding is the practice of rounding prices to the nearest five or zero, eliminating the need for 1p and 2p coins.
Cash rounding has been used in Sweden since the 1970s and was also adopted by Canada, New Zealand and the Republic of Ireland.
Credit: Zannaoriordan, CC BY-SA 4.0, via Wikimedia Commons
Credit: Jennifer McNairMuseums Victoria, via Wikimedia Commons
Copper coins will remain legal tender on the island, and won’t be withdrawn from circulation, but no more will be minted.
Let’s hear from the Isle of Man
After the cash rounding initiative was announced, there were concerns from the public about inflation. However, businesses were quick to claim that, based on research from other countries, this would not be a problem.
The Isle of Man’s treasury minister, Dr Alex Allinson MHK, said: “Most businesses here didn’t think it would cause significant inflation. But certainly the public perception is that it would do.”
He also stated that: “If the UK were to get rid of coppers, we would probably follow suit”.
No new coppers have been minted by the Isle of Man since 2016 due to decreased demand, and even the most recent decimal coin set, the 2023 Manx Wildlife Set, didn’t feature 1p or 2p denominations – so the phasing out process has been inevitable for a while.
What about the UK?
The number of cash payments in the UK has reduced significantly in the last 10 years, and especially so since the pandemic.
According to The Royal Mint, no new 2p coins were minted in 2022 and no new pennies were minted in either 2018 or 2019. This is an indication of decreasing demand for small change, even in the UK, so it’s not surprising that the Isle of Man, with a much smaller population, would be one of the first places to implement the phasing out of coppers.
Find out more about the future of 1p and 2p coins in the UK >>
A Treasury spokesperson confirmed that there are currently no plans to change the denominational mix of coins in the UK. So if the Isle of Man is waiting to follow our lead on getting rid of coppers, it’s unlikely that any definitive changes will happen anytime soon.
What do you think about copper coins? Do you still use the 1ps and 2ps in your change? Let us know in the comments!
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Happy New Year and Happy New Coins! 2024 Annual Coins
Each year, collectors eagerly anticipate the arrival of The Royal Mint’s Annual Set.
These coins commemorate some of the key anniversaries of the year ahead and it means we get treated to FIVE brand new coin designs!
The 2024 Annual Coin Set is the second to feature King Charles III on the obverse of each of the coins. And excitingly, it follows the release of the UK’s New Coinage in October last year, in which we saw His Majesty feature on all key circulating coin denominations for the first time.
So let’s take a look at the 2024 Annual Coin Set…
RNLI 50p
The Royal National Lifeboat Institution, better known as the RNLI, was founded by Sir William Hillary in 1824 and has been saving lives at sea ever since. To mark the 200th anniversary of the charity, the RNLI is now being celebrated on a UK 50p.
The reverse design incorporates key symbols of the RNLI, with the flag in the centre, surrounded by a life ring and rope. Inscribed on the life rings are the years of the charity 1824-2024 as well as ‘200 years’.
British Olympians and Paralympians 50p
This year, the Olympic Games will take place in Paris, France – exactly 100 years since the city last hosted the games. The Paralympics will also be held in France for the first time, making the games the biggest event ever held in France.
This British Olympians and Paralympians 50p represents TeamGB and ParalympicsGB in their efforts in the games and inspiring the nation through the power of sport.
On the reverse are 2 geometric athletes in action set against the Union flag. If you look closely, you’ll also see the Eiffel Tower at the bottom, a nod to the city where the games will take place.
Sir Winston Churchill £2
The first of the £2 coins in the Annual Set features one of the most memorable figures in British politics – Winston Churchill, but perhaps not quite how we remember him.
Churchill led Britain to victory during the Second World War, and served as Prime Minster twice, but the design on this UK £2 takes us back to an earlier time, depicting him as a young man during his time in the Cavalry army.
This year marks 150 years since the birth of Winston Churchill, and so the years of his life 1874-1965 can be seen either side of his portrait on the coin. You’ll also find the inscription ‘PAVE THE WAY FOR PEACE AND FREEDOM’ around the edge.
National Gallery £2
Also celebrating its 200th anniversary this year is the National Gallery. Originally founded in 1824, the gallery was initially based in financier John Julius Angerstein’s house, until a dedicated building was commissioned to be built in Trafalgar Square in London in 1838.
The gallery now holds over 2,300 paintings by a variety of famous artists, including Leonardo da Vinci, Rembrandt and Michelangelo. And the best part, it’s free to the public!
The iconic gallery building features on this £2 coin along with the inscription ‘200 years of the National Gallery’.
Buckingham Palace £5
One of the most recognisable buildings in the world, Buckingham Palace, has been home to British monarchs since Queen Victoria, and today, acts as His Majesty King Charles III’s administrative headquarters.
Many a state visit and national celebration have taken place at the Palace, most recently The King’s Coronation celebrations and Her Majesty Queen Elizabeth’s Platinum Jubilee celebrations.
The reverse design of this £5 coin pays tribute to a building with so much history with a beautifully detailed depiction of the front of Buckingham Palace with the Royal Standard flying, encircled by a floral ring.
So there you have it, the 2024 Annual Coin Set – and what an excellent selection of coins from the year to come!
These coins will of course all be individually released later in the year, however considering the popular themes and important anniversaries they celebrate, there’s no doubt they’ll be in high demand with collectors.
Securing the 2024 Annual Set guarantees these brand new coins for your collection, before anyone else has the chance to get them individually.
Your favourite design
We asked you to vote for your favourite design from the 2024 Annual Coin Set, and the results are in…
Secure this year’s Annual Set!
To ensure you don’t miss out on adding all FIVE new coins to your collection for JUST £42 (+postage), click here >>
Each coin has been struck to a superior Brilliant Uncirculated quality and is protectively encapsulated in official Change Checker packaging, housed in a display page ready to slot into your Change Checker Album.