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Will you be collecting the new Platinum Jubilee 50p?

More than a million Queen’s Jubilee 50ps entered Post Office tills last week. Have you tried to track one down yet?

Last week I stood in the queue at my local Post Office branch. I was the only customer who wasn’t cradling a parcel. Not even an ASOS return. I was there to ask for one thing: the new Platinum Jubilee 50p

Sadly, I left empty handed. The cashier told me this particular branch didn’t receive any of the coins, but he didn’t judge me at all for asking. (I can’t say the same of the people in the queue behind me.)

Based on a few tweets from disgruntled coin collectors, I wasn’t alone. At least I didn’t suffer the fate of one of my Which? colleagues, who was greeted with pure bafflement when she requested the coin at her local branch. 

How rare is the new 50p coin?

I’m still yet to see one in the ‘real world’, but I did see these coins in production when I visited the Royal Mint last month for an upcoming Which? Money magazine feature. The Mint’s staff were hugely excited about the coin – the first circulating 50p to celebrate a royal anniversary, they said. 

If you look for this coin on eBay today, you’ll see people listing it for several times its face value. But that isn’t necessarily what it’s worth. In fact, it’s technically worth exactly 50p. 

I’ve written a story exploring what this 50p’s collectible value could be in the future. But the truth is we won’t be able to tell until we know how many end up entering circulation. 

If you really want one for yourself, you’re better off visiting all your local Post Offices, armed with a bog standard 50p to exchange for it if you strike gold (or cupronickel). 

Some 1.3 million of them have already hit Post Office tills, but the Royal Mint has said millions more could be on the way, depending on demand. So even if you can’t find one in the Post Office, you might have another chance to find one in your change later on this year. 

Are you a coin collector?

Nearly half (46%) of Which? members are collectors, according to a 2021 survey for an article investigating whether collecting can make you money

Coins were the third most-popular item they collected, after stamps and vinyl records. There’s a reason for that: coin collecting, at least in the pre-pandemic world when it was easier to shop with cash, is very accessible. You don’t even really need to try to start collecting; a rare coin could land in your palm after any transaction. 

So where do you land on the coin collecting spectrum? Are you a hardcore collector with every 50p since 1969? Or will the Platinum Jubilee 50p be the first (perhaps of many) that you hang onto? Vote in the poll below and sound off in the comments. 

Will you be collecting the new Platinum Jubilee 50p?
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Comments

I rarely use cash, so it’s unlikely that I will receive one of these 50p coins. It seems odd to have coins without the Queen’s head, especially one marking the Platinum Jubilee.

John Bergdahl has created a commemorative Platinum Jubilee portrait depicting Her Majesty on horseback and two beautifully decorative reverse designs for the occasion. The collection also includes the first UK 50p coin issued by The Royal Mint to celebrate a royal event, which features a bold, graphical celebration of The Queen’s reign by the design agency Osborne Ross on the reverse. The obverse features the Platinum Jubilee portrait.

You can buy a “brilliant” coin in what looks like a card folder direct from the Royal Mint for just £7.

The picture on the Royal Mint site does not show the black infill. Some sellers might add this and charge a premium price. I thought defacing the Queen’s coinage was punishable by beheading.

I have observed the obverse and as I said it does not feature the Queen’s head.

As the above quote says, the obverse shows the ”Platinum Jubilee portrait depicting Her Majesty on horseback”. The head is there but very small. 🙂
https://www.royalmint.com/our-coins/events/the-queens-platinum-jubilee/the-platinum-jubilee-of-her-majesty-the-queen-2022-50p-brilliant-uncirculated-coin/

I wonder who put a 👎 to a factual comment? But who cares….

Looking at the picture, it is a stylish coin. I wonder what the black part consists of? Although the number 70 is attractively drawn, I dislike the fact that part of the nought is missing and the top of the seven has been chopped off to fit the coin. I might keep one if it arrives in change and I might buy a crown when it arrives, but I don’t believe either will accrue in value significantly. I have a five pound coin marking the millennium which is probably worth five pounds, but would not be accepted at Tesco.

“Deborah and Andrew’s design for the commemorative UK 50p coin is in a sparing, typographic style, contrasting a cropped, graphic ‘70’ with the jewel-like gravitas of the Royal Cypher.” There is more iinformation about the design here: https://www.royalmint.com/our-coins/events/the-queens-platinum-jubilee/behind-the-design-with-osborne-ross/

Cropping numbers and text seems odd but is often seen as stylish.

I have a few of the specially minted editions of these coins that come in cardboard boxes and they will be dished out to some of the youngest members of our family. Personally I am not all that impressed by the design and I think the obverse design looks too cluttered [and the horse distinctly Trojan] . The design on the reverse suggests the coin has a value of 70p. It appears that the number to be issued is unlimited.

Karen Chaney says:
18 February 2022

I doubt that I’ll purchase this coin. The design is commonplace and lacks the elegance and grace that Her Majesty so richly deserves.