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Collectors clamour for rare Queen Elizabeth II coins and notes

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CANADA: The death of Britain’s Queen Elizabeth has collectors scrambling to secure rare coins and bills bearing her likeness, even as her portrait is set to remain in circulation for years to come on money throughout the Commonwealth.

Coin dealers say demand for rare-issue notes and coins – such as such as a pre-World War Two Canadian $20 bill featuring Elizabeth as a child or Australia’s Platinum Jubilee 50-cent coin – has surged since the queen died in Scotland on Sept. 8.

Queries have been coming in from both seasoned collectors and novices eager to commemorate the death of Britain’s longest-reigning monarch, who appears on a record 33 currencies around the world, according to the Guinness Book of World Records.

“There’s been an incredible upsurge in demand,” said Peter Hutchison, heritage coin specialist at Hattons of London. Inbound queries surged 45-fold following the queen’s death and have come in from as far as Australia, he said.

Jon White, owner of The Britannia Coin Company near Swindon, located about 80 miles west of London, said he has an overseas buyer willing to pay handsomely for a 2022 Maundy set, coins gifted by the monarch to elderly individuals for their community service.

In Australia, coin expert Joel Kandiah posted a video on TikTok this week saying the value of the country’s 2013 Purple Coronation $2 coin had “shot up” to as high as A$180 ($120).

Central banks in Canada, Australia and New Zealand have all said bills featuring Queen Elizabeth will remain in circulation for years to come. Canada’s mint says it will continue to strike 2022-dated coins as needed to supply the market.

New Australian coins will eventually feature King Charles, though not anytime soon, according to the Royal Australian Mint. “Historically, coins bearing a new Sovereign’s effigy were released approximately 12 months after coronation,” it said.

– THE STATESMAN

 

Friday, September 23, 2022 – 01:00











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