The NHS 10p coin has been revealed as the most scarce of its kind. But how much is it worth?
Long before the weekly clap for carers, the Royal Mint paid tribute to our National Health Service heroes with a special 10p coin.
The ten pence (10p) (Irish: deich pingin) coin was a subdivision of the Irish pound. It was used in the Republic of Ireland from 1969 to 2002, with its last minting issue in 2000. To search an expression, simply put quotation marks around it. Example: A search for '1 franc' is more precise than 1 franc. You may use an asterisk as a wildcard. Example: type '5 cent.' to find coins of 5 cents and 5 centimes. Use a dash to exclude the coins matching with a word or expression. Collector values for circulation 10p coins found in your change, prices are based on 200 recent eBay sales for each coin. The price in gold is how much the coin would cost to buy on eBay, silver shows the amount you can sell your coin for on eBay (after fees are taken into account).
Coin site Change Checker has placed this coin at the top of its latest 10p ‘Scarcity Index’, meaning it’s now one of the most sought-after coins in circulation. But how valuable is it really?
Perforated 10p, 50p, £2 Coin Inserts. Rated 5.00 out of 5 (10) SKU: n/a. Jul 09, 2019 The most valuable 10p coin we found is a letter Y coin that has been made with a minting error. The coin features a yeoman warder on the tails side to celebrate the ceremonial guardians of the.
What is the NHS 10p?
Adorned with a large ‘N’ with a stethoscope wrapped around it in the shape of a heart, the NHS 10p coin entered circulation in 2018.
It was part of the Royal Mint’s ‘Great British Coin Hunt’ series, which featured 26 10p coins – one for each letter of the alphabet – celebrating British society and culture.
Other designs in the series include T for Tea, L for Loch Ness Monster and, of course, Q for Queuing.
- Find out more: rare A-Z 10p coins released – can you collect them all?
What makes the NHS coin so scarce?
Change Checker’s ‘Scarcity Index’ ranks every 10p, 50p and £2 coin based on mintage figures (how many of a coin was created), along with estimates of collector demand based on Change Checker users.
All of the alphabet 10p coins are considered hard to come by as just 220,000 of each design was released in 2018, and 2.1m came out overall in 2019.
To put that in perspective, more than 33 million ‘normal’ 10p coins (with the two lions on them) were minted in 2017.
But these numbers don’t tell the whole story. As people take these coins home from the shops and add them to their collections, the numbers in circulation decline, making them even harder to come by.
How much is it worth?
No doubt the nation’s renewed appreciation for the hard work of our National Health Service during the coronavirus crisis has fuelled this coin’s popularity.
But even the most popular coins in the world are only really worth their monetary amount. There’s no guarantee you’ll be able to sell a 10p coin online for anything more than 10p.
Still, NHS coins have sold for more than this on eBay in recent days. As you can see below, one sold for £6.50 last Monday.
This was the most an NHS 10p sold for this month, the lowest being £1.00. So some sellers have been much luckier than others.
Which? has spoken to several numismatists (expert coin collectors), all of whom advise that you should never buy a coin as an investment, as you can’t guarantee whether its value will rise or fall.
Instead, you should only buy coins that you like and personally want in your collection. Of course, since the NHS coin is in circulation, there’s a chance you could find it in your change one day. But that might be more difficult for the foreseeable future.
Hear more about the risks of coin investment on the Which? Money Podcast:
Is it safe to find an NHS 10p under lockdown?
The World Health Organization (WHO) has advised people to wash their hands after handling money, but according to Full Fact, it hasn’t issued a warning about using banknotes.
Despite this, many retailers are moving away from cash payments, as a way to be extra cautious.
Retail union Usdaw and the British Retail Consortium (BRC) have issued social distancing guidance that urges shops to ‘encourage cashless purchases’.
Many supermarkets now only allow cash payments at self-service checkouts. B&Q, which reopened all its stores recently, doesn’t allow cash at all.
This may make life difficult for the millions of people who rely on cash in their everyday lives, many of whom are vulnerable. And it’ll make it harder to come by 10p coins, too.
- Find out more: COVID-19 cash crisis puts millions at risk
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The original 10p was first issued in 1968 as a larger coin and was initially used alongside and was the same size as its predecimal equivalent coin, the florin (two shillings). In 1992 the 10p was made smaller and lighter. For the smaller current type, see here. Note that there are many minor varieties for these old-size 10p coins. The best information on them that I have seen is in a book called ‘The Identification of British 20th Century Silver Coin Varieties” by David J Groom. It contains over 30 pages just covering large 10p varieties!
Specifications are shown at the bottom of this page.
Obverse Type 1, used 1968 – 1984 (bust design by Arnold Machin):
Reverse Type 1, used 1968 – 1981 (design by Christopher Ironside):
Edge: Milled.
The design:
English lion, royally crowned. ‘NEW PENCE’ and ’10’ above and below.
Dates:
1968, Mintage 336,143,250.
1969, Mintage 314,008,000.
1970, Mintage 133,571,000.
1971, Mintage 63,205,000.
1972, None for circulation, an unknown quantity were made for proof sets.
1973, Mintage 152,174,000.
1974, Mintage 92,741,000.
1975, Mintage 181,559,000.
1976, Mintage 228,220,000.
1977, Mintage 59,323,000.
1978, None for circulation, an unknown quantity were made for proof sets.
1979, Mintage 115,457,000.
1980, Mintage 88,650,000
1981, Mintage 3,487,000.
Collectability/Scarcity: 1 for the high mintage coins, 2 for 1972 and 1978 (for scale details see here)
Obverse Type 1, used 1968 – 1984 (bust design by Arnold Machin):
Reverse Type 2, used 1982 – 1990 (design by Christopher Ironside):
Edge: Milled.
The design:
English lion, royally crowned. ‘TEN PENCE’ and ’10’ above and below.
Dates:
1982, None for circulation, 205,000 were made for annual sets.
1983, None for circulation, 631,000 were made for annual sets.
1984, None for circulation, 158,820 were made for annual sets.
Collectability/Scarcity (all): 2 (for scale details see here)
Obverse Type 2, used 1985 – 1992 (bust design by Raphael Maklouf):
Reverse Type 2, used 1982 – 1992 (design by Christopher Ironside):
Edge: Milled.
Dates:
1985, None for circulation, 178,000 were made for annual sets.
1986, None for circulation, 167,000 were made for annual sets.
1987, None for circulation, 172,425 were made for annual sets.
1988, None for circulation, 134,067 were made for annual sets.
1989, None for circulation, 77,569 were made for annual sets.
1990, None for circulation, 102,606 were made for annual sets.
1991, None for circulation, 74,975 were made for annual sets.
1992, None for circulation, 78,421 were made for annual sets.
Collectability/Scarcity (all): 2 (for scale details see here)
To see the 1992 to date smaller current 10p coins, see here.
Specifications for all old size 10p coins:
10 Pence Coins
Size: 28.5mm
Width: 1.85mm
Metal Composition 1968 – 1992: Cupro-nickel (75% copper, 25% nickel)
Weight: 11.31 grammes
10p Coin Size
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