Found A Couple Of Profitable Coins Today …

I’ve not been behind the bar so much recently so the number of interesting coins passing through my hands has dropped suddenly and that’s why I was so pleased with what I found in my change today.

I handed over a fiver and was pleased that among the group of coins in my change were two very notable coins that I am confident will be worth significantly more than face value.

First is an example of the 2002 Manchester Commonwealth Games £2 coin featuring the Scottish flag. Each of these £2 coins bears the flag of one of the four countries of the United Kingdom. In total, about 2.5 million of these £2 coins were released into circulation, making this one of the least common coins in circulation, but this number was subdivided into the four constituent Home Nations:

England Flag: 650,500 coins; Wales Flag: 588,500, Northern Ireland: 485,500 and Scotland Flag: 771,750.

This created a group of four coins with less than a million of each issued, ensuring these immediately became a focus for collectors.

2002 Manchester Commonwealth Games £2 Coin: Scotland Flag
Scottish version of the 2002 Manchester Commonwealth Games £2 Coin

Over the past couple of years I found several of these as they were handed across the bar and was able to auction these for more than their face value:

The first I found bore the Welsh flag and I sold it to a man in Cambridgeshire in January 2013 for £2.70.

Then in March of that year I found another Welsh example and sold this for three pounds to a woman in Cardiff.

A month later this was followed by an example bearing the English Flag which went to a woman in Essex for £3.07 and a Scottish version which went to Germany for £2.70.

Next, in July 2013, a further example with an England flag sold to a man in Surrey for £4.45, while another buyer in England’s North-east snapped up a second example I’d found with a George Cross when this was offered for £4.25 as a second chance as he’d narrowly lost in the auction.

Later, in October 2013, a man from Oxfordshire bought another “Scottish” example I had for £2.70 followed by a buyer in Yorkshire who paid £4.30 for a Welsh variety in November.

The year ended with the sale of an English example to a buyer in Tyne and Wear for £3.70 and, finally, a previous Scottish example sold to a man in Berkshire for £3.80 in June 2014.

So I have reason to be confident the first Manchester Games £2 coin I have seen in almost a year will sell for more than face value.

Similarly, my track record of selling coins from the Isle of Man makes me confident the second coin of note I found in my change that day will also sell for a profit.

It is a distinctive 1999 example of the island’s Manx Rally 20 pence coin. This series of coins bears dramatic images of vehicles taking part in one of the motor races for which the island has become famous.

As these were released for use on the Isle of Man itself (although they are legal tender in the est of the UK) these were produced in far smaller quantities than those released for use in the UK as a whole. While the 73.5 million 20p coins released by the Royal Mint for use in the UK was one of the smallest runs of recent years, the Pobjoy Mint in Essex produced only a few thousand copies of this coin for the Isle of Man.

A Subaru Impreza holds off the Ford Cosworth's challenge.
A Subaru Impreza holds off the Ford Cosworth’s challenge.

In addition to their relative scarcity, I found another reason why some coins issued by the Isle of Man were sought after; in April 2013 I sold a 20p coin with a combine harvester to a farmer near Swansea for ten times its face value, another 20p which featured a monk illuminating a text which went for five times face value and another with a historic clock for six times.

Further internet research revealed that the cars shown on the coin I found recently were a Subaru Impreza ahead of a Ford Escort Cosworth on a bend in the course of the Manx Rally. Next was a check on eBay to see what examples of this coin had sold for and I was impressed to see those sold using the collectable coin categories I normally use sold for between 10 and 50 times their face value but that those offered directly to enthusiasts of the two car makes featured can sell for significantly more.

To add to my anticipation, I was pleased this week when eBay made another of its occasional offers of 100 free listings so I will immediately have the chance to test my confidence that these two latest coins I have acquired can be sold for a swift profit.

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