New 50p coins released by the Royal Mint have sold out in record time

New 50p coins released by the Royal Mint have sold out in record time
The special set of coins mark the 50th anniversary of the 50 pence (Photo: The Royal Mint)

The Royal Mint’s new collection of reissued commemorative 50p coins – released to celebrate 50 years of the 50 pence piece – has sold out within hours.

As reported by ChangeChecker.org, the entire range of Base Proof, Silver Proof and Gold Proof sets completely sold out when the coins went on sale on 14 January, thanks to eager collectors.

In keeping with the original coins’ collectability, the Royal Mint only produced official sets in limited quantities, with 3,500 Base Proof sets, 1,969 Silver Proofs and just 75 Gold sets.

A ‘revolutionary’ coin

The new sets saw re-minted versions of commemorative coins which have proven a hit with collectors, such as the sought after Kew Gardens 50p featuring the landmark Great Pagoda encircled by vines.

First issued 10 years ago, it is a popular collector’s item because of its low mintage of just 210,000, making it the rarest 50p design in circulation.

(Photo: The Royal Mint)

Another coin in the set celebrates the 50th anniversary of Roger Bannister running the first sub-four minute mile in 1954, and another features the World Scout Emblem, in honour of 100 years of the Scouting movement, while a fourth marks 100 years of the Girl Guides.

The fifth coin in the set is a version of the 50p that was in circulation for 40 years before being replaced by a Matthew Dent design in 2008.

The Kew Gardens coin is the rarest 50p design in circulation (Photo: The Royal Mint)
The Kew Gardens coin is the rarest 50p design in circulation (Photo: The Royal Mint)

The ‘new pence’ 50p featured Christopher Ironside’s depiction of the national icon of Britannia seated beside a lion while she rests on her shield.

How much are they worth?

With collectors snapping up The Royal Mint’s limited edition sets, it seems likely that the commemorative coins will stay as scarce as they always were.

The Kew Gardens 50p can sell for up to £160 on eBay, and a rare silver version sold for £400 at auction last year (an impressive 800 times its face value), while a proof can sell for up to £265.

Mint condition Kew Gardens coins would fetch a higher sum from collectors, but the sale of a slightly tarnished version at £400 proves how valuable these rare 50ps really are.