1882 London Mint penny ?

[Peckris 579]

Does anyone here actually collect decimal? Apart from the 2 pound boys

Not with any enthusiasm, but then if I look at my accumulation of pennies collected in the 60's, I have very few post 1894, "modern" except H & KNs didn't interest me at the time.

I wonder how current bronze clad steel will look in 100 yrs time, will they rust with age?

David

More to the point, has anyone heard what the "new" composition of CuNi is to be from next year?

[1949threepence 3,367]

I hope that's of interest to any gold coin collectors with a TARDIS who are thinking of setting it to sometime in the mid-to-late 19th century!

So if we took £20 in sovereigns back to 1869, would we get value exchanging for current bronze or silver? the chances of finding anything scarce would be low - no 1869 pennies, probably the majority would be 1862/3

So let's think in reverse, what current circulation coins would you salt away for your great grandchildren?

David

Only, as already documented, the £2.00 coins with a mintage of less than 1 million. There are also some old style 50p's I wouldn't mind, like the 1992 single market.

The mintage of many of the rest, is so astronomic and their presence so ubiquitous, that they are of no interest ~ to me at any rate

[Red Riley 2]

A little time ago I found an interesting article in ‘The Times’ of Thursday January 7th 1869 (I’ve access to the online archive at work) about the age of coinage then in circulation. It only refers to gold coinage but it’s an interesting snapshot nonetheless.

A Mr Stanley Jevons, Professor of Political Economy at Owens’ College, Manchester, asked some 200 banking places across England to assist him with a survey of 100,000 full sovereigns and 100,000 half-sovereigns in circulation in March 1868 to ascertain their date of minting. The results were as follows:

Pre-1820: 207 full and 523 half

1820-1829: 7,402 full and 1,303 half

1830-1839: 6,979 full and 1,141 half

1840-1849: 16,935 full and 16,302 half

1850-1859: 28,612 full and 40,060 half

1860-1867: 38,246 full and 39,593 half (it’s noted that 18,671 of the full sovereigns had the dates 1863 or 1864)

Australian: 1,619 full and 1,078 half.

(It was also noted that the Bank of England had in its vaults some 600,000 full sovereigns unissued due to lack of demand, which could explain why there were none minted in 1867!)

434 of the full sovereigns were also assessed in Manchester to see if they retained the correct legal weight for gold. Those from the 1860s were all OK. Of those from the 1850s “many were notâ€, of those from the 1840s the average weight of all of them was just below the level, and of those dated 1817-1829 the average weight of all of them was one full grain below. It was calculated that on average a sovereign would fall below the legal level after 18 years’ circulation.

I hope that’s of interest to any gold coin collectors with a TARDIS who are thinking of setting it to sometime in the mid-to-late 19th century!

I love these sort of statistics and it just confirms what I thought that later gold really didn't circulate for long. When writing the 'Standard Guide...' I had real problems in tracking down any late-Victorian gold below VF. It is, I suppose, quite possible that this type of article raised a hue and cry about 'underweight gold' and the mint sharpened up its act. With the passing of the Gold Standard, I guess people didn't worry about whether the coins in their pocket were underweight or no...

[Gary D 76]

A little time ago I found an interesting article in ‘The Times’ of Thursday January 7th 1869 (I’ve access to the online archive at work) about the age of coinage then in circulation. It only refers to gold coinage but it’s an interesting snapshot nonetheless.

A Mr Stanley Jevons, Professor of Political Economy at Owens’ College, Manchester, asked some 200 banking places across England to assist him with a survey of 100,000 full sovereigns and 100,000 half-sovereigns in circulation in March 1868 to ascertain their date of minting. The results were as follows:

Pre-1820: 207 full and 523 half

1820-1829: 7,402 full and 1,303 half

1830-1839: 6,979 full and 1,141 half

1840-1849: 16,935 full and 16,302 half

1850-1859: 28,612 full and 40,060 half

1860-1867: 38,246 full and 39,593 half (it’s noted that 18,671 of the full sovereigns had the dates 1863 or 1864)

Australian: 1,619 full and 1,078 half.

(It was also noted that the Bank of England had in its vaults some 600,000 full sovereigns unissued due to lack of demand, which could explain why there were none minted in 1867!)

434 of the full sovereigns were also assessed in Manchester to see if they retained the correct legal weight for gold. Those from the 1860s were all OK. Of those from the 1850s “many were notâ€, of those from the 1840s the average weight of all of them was just below the level, and of those dated 1817-1829 the average weight of all of them was one full grain below. It was calculated that on average a sovereign would fall below the legal level after 18 years’ circulation.

I hope that’s of interest to any gold coin collectors with a TARDIS who are thinking of setting it to sometime in the mid-to-late 19th century!

I love these sort of statistics and it just confirms what I thought that later gold really didn't circulate for long. When writing the 'Standard Guide...' I had real problems in tracking down any late-Victorian gold below VF. It is, I suppose, quite possible that this type of article raised a hue and cry about 'underweight gold' and the mint sharpened up its act. With the passing of the Gold Standard, I guess people didn't worry about whether the coins in their pocket were underweight or no...

It was my understanding, correctly or not that Gold was generally only minted for bullion purposes and was regularly melted and reminted. It often saw very little true circulation as it was used mainly for payments between institutions and governments largely.

Gary

[andyscouse 0]

Decimal currency does nothing for me what so ever, hence the fact most of us tend to collect OLD coins lol. Does anyone here actually collect decimal? Apart from the 2 pound boys

Yes, but only to say I have one from each date minted. Pretty much sorted 1968 - 1983 in Unc. They're pretty cheap, so keeps me occupied while waiting for new coins for the main collection [C20th date sets of all denoms] (complete back to 1929 in gEF or better for all, back to 1910 for 1d and 2/6!).

I cannot, however, find 1981 10p in Unc for love nor money!! Nowhere have I ever seen any offered (mintage just over 3m).

[scott 144]

deosnt surprise me, 1981 wasnt excatly a date important enough to save a coin from, that and the mintage.

[Peter 615]

We sold out when in 67.

We had 240 pennies to the pound all with Brittania.

I remember searching through thousands of coins and coming up trumps.

My collection of pennies aveage GEF from about 1880...all from circulation

Mum and Dads card tin did that although great help was also greatly received from friends and relitives.

[andyscouse 0]

deosnt surprise me, 1981 wasnt excatly a date important enough to save a coin from, that and the mintage.

True enough; at the time, I did put aside about 4 in decent condition. They disappeared after a theft, then I lost interest in pulling from change. Now I just want to get one to say I have it, and they're just not there! Of course, there'll never be the demand like for £sd, but it'd still be nice to 'fill the hole'.

[scott 144]

i have very little of the old sized stuff.

have 1985 50p and some old sized stuff just saved up... never bought any bar a 1975 5p on a thin planchet

kept a few better grade pounds back

(full lustre 83 aEF 84 and 92 and some 2008's) as these wear quick, as well as £2, i even have a unique 2008 (no dot between DEF and ELIZABETH)

[1949threepence 3,367]

Decimal currency does nothing for me what so ever, hence the fact most of us tend to collect OLD coins lol. Does anyone here actually collect decimal? Apart from the 2 pound boys

Yes, but only to say I have one from each date minted. Pretty much sorted 1968 - 1983 in Unc. They're pretty cheap, so keeps me occupied while waiting for new coins for the main collection [C20th date sets of all denoms] (complete back to 1929 in gEF or better for all, back to 1910 for 1d and 2/6!).

I cannot, however, find 1981 10p in Unc for love nor money!! Nowhere have I ever seen any offered (mintage just over 3m).

That's interesting. I just looked in e bay uk, and clicked through to decimal 10p's, which can be sorted by year. 1981 is one of only two years since 1968 where there is not at least one offered for sale. The other being 1978.

Obviously some of the other years offered ~ 1972 for example ~ will be proofs.

[davidrj 194]

Of course, there'll never be the demand like for £sd, but it'd still be nice to 'fill the hole'.

The big interest in collecting was in the years prior to decimalisation, there could be another surge if we ever decided to join the Euro

David

[scott 144]

o gawd the euro.. hell no

[Peckris 579]

deosnt surprise me, 1981 wasnt excatly a date important enough to save a coin from, that and the mintage.

True enough; at the time, I did put aside about 4 in decent condition. They disappeared after a theft, then I lost interest in pulling from change. Now I just want to get one to say I have it, and they're just not there! Of course, there'll never be the demand like for £sd, but it'd still be nice to 'fill the hole'.

I think I have a few. Somewhere.

[Sylvester 15]

Does anyone here actually collect decimal? Apart from the 2 pound boys

Yeah I collect decimal 10ps but only the small ones! To be fair though this isn't really my main focus. I tend to strike a balance between Norman era coins and half guineas, although I have a fondness for 17th/18th century 6ds and sovereigns too.

[azda 979]

Take a look here

Decent size image:-

What do you think ?

Someone must have thought it to be an 1882, it sold for 230 quid

[1949threepence 3,367]

Take a look here

Decent size image:-

What do you think ?

Someone must have thought it to be an 1882, it sold for 230 quid

Easy to tool such a deception as well. Just file off the "H"

[£400 for a Penny ? 0]

Someone must have thought it to be an 1882, it sold for 230 quid

Someone's just lost £229 then

[Peckris 579]

Someone must have thought it to be an 1882, it sold for 230 quid

Someone's just lost £229 then

Bit strong! A normal reasonably high-grade 1882H has got be worth more than £1

[davidrj 194]

Bit strong! A normal reasonably high-grade 1882H has got be worth more than £1

But if we are right and it's been tooled, it is now a severely damaged coin with a much lower retail value

David

[Peckris 579]

Bit strong! A normal reasonably high-grade 1882H has got be worth more than £1

But if we are right and it's been tooled, it is now a severely damaged coin with a much lower retail value

David

You could be right David, but look at how much "tooled" 1933 pennies fetch on the 'Bay!

[azda 979]

Bit strong! A normal reasonably high-grade 1882H has got be worth more than £1

But if we are right and it's been tooled, it is now a severely damaged coin with a much lower retail value

David

You could be right David, but look at how much "tooled" 1933 pennies fetch on the 'Bay!

Thats because the 1933 is the holy grail Peckris

[Gary D 76]

Bit strong! A normal reasonably high-grade 1882H has got be worth more than £1

But if we are right and it's been tooled, it is now a severely damaged coin with a much lower retail value

David

You could be right David, but look at how much "tooled" 1933 pennies fetch on the 'Bay!

Retooled 1933 pennies are sold as just that, a retooled 1933 penny. A 1882 will have had the H removed to deceive.

[azda 979]

Bit strong! A normal reasonably high-grade 1882H has got be worth more than £1

But if we are right and it's been tooled, it is now a severely damaged coin with a much lower retail value

David

You could be right David, but look at how much "tooled" 1933 pennies fetch on the 'Bay!

Retooled 1933 pennies are sold as just that, a retooled 1933 penny. A 1882 will have had the H removed to deceive.

But the difference with the 1933 retooled and the 1882 is, that everyman and his dog will now know that there's only 7 of these in existance, but with an 1882 no one would think one of these would be tooled, so easier to decieve with the 1882 me thinks

[VickySilver 830]

Sometimes I think London mint 1882 pennies (if authentic) in high grade may be just as rare as the '33. And IMO would crush for real world value those idiotic narrow date buns.

Edited October 26, 2010 by VickySilver

[Peckris 579]

Sometimes I think London mint 1882 pennies (if authentic) in high grade may be just as rare as the '33. And IMO would crush for real world value those idiotic narrow date buns.

How many London Mint 1882 pennies would you say have survived (all grades)?