5 Pound Coin
Posted : admin On 4/11/2022Detailed images and information about £5 coin series Commemorative 5 pound coins from United Kingdom. The series content copper–nickel (cuni) coins and the coins are of BU quality. Visit the best collector and commemorative coin website: The Collector Coin Database. Assess world coin values with the World Coin Price Guide on NGCcoin.com. View Great Britain 5 Pounds prices, images and mintage info.
You may have noticed we’ve been talking about £5 coins a lot over the past few weeks and lots of collectors have been asking how rare their £5 coins are.
The £5 coin was first issued in 1990 as a replacement for the commemorative crown with a face value of 25p. They are usually reserved to commemorate significant British anniversaries and are a favourite among collectors as they are not intended for general circulation.
Using current Royal Mint figures we have put together three graphs where you can see just how rare your commemorative crown is, from the 1972 Silver Wedding Crown to the Brilliant Uncirculated Coronation £5 in 2013.
The differences in the mintage figures really are remarkable. Take a look below and see just how rare your £5 coin actually is.
The first crown ever to be issued was the 1972 Silver Wedding Coin and incidentally this is the rarest 25p UK coin from the Royal Mint with a mintage of 7,452,100. This 1972 crown was the first British coin to have a face value of 25 pence; previous crowns had been Five Shillings face value. Also, for the first time in modern times, the obverse did not incorporate a date, but merely bore the Queen’s name and titles surrounding her portrait.
The £5 coin with the lowest mintage in the history of UK £5 coins, is the circulated 2008 Prince Charles 60th Birthday £5 coin. Just 14,088 circulated quality coins were struck by the Royal Mint in 2008 to mark the 60th birthday of Prince Charles. The coins inscription ICH DIEN means ‘I serve’ and is taken from the Badge of the Prince of Wales.
* Individual Royal Mint BU Pack sales figures only
Out of the Brilliant Uncirculated £5 coins sold in individual The Royal Mint Packs, the 2014 Queen Anne £5 is the rarest. This coin has amintage of just 12,181 and was struck to mark the 300th anniversary since the death of Queen Anne.The design bears an elegant portrait of Queen Anne, styled by Mark Richards FRBS as an eighteenth-century miniature.
How many of these £5 coins do you have in your collection? Do you own one of the rarest £5 coins? Let us know via Facebook, Twitter or leave a comment below!
The UK’s VERY FIRST Decimal Crown
Click here to own the UK’s very first UK Decimal Crown for just £5.
Do you have 5 pound commemorative coins that you want to exchange for legal tender? Are these 5 pound coins even legal tender? Where can you exchange them for legal tender?
Those are questions that have plagued the owners of these commemorative coins for years. This article will hopefully dispel some of the myths surrounding these interesting commemorative coins.
Is a 5 pound commemorative coin legal tender?
Yes. Those 5 pound commemorative coins that the Royal Mint releases are, in fact, legal tender. All coins produced by the Royal Mint are considered ‘legal tender.’ However, this does not mean that you can spend the same way you can spend pound notes.
Why can’t you spend them the same way you spend other currency?
The coins are not circulating currency, which would mean that banks and shops have an obligation to accept it. Instead, the 5 pound coins are only legally accepted to pay a debt in court.
It’s confusing, we know.
Anyway, this naturally begs the following question.
Where can I change a 5 pound coin to legal tender?
Well, you can try going to your bank, but banks have no obligation to accept non-circulating legal tender such as a 5 pound coin. Some banks accept them for deposit, some will exchange them, and some banks flat out refuse to even accept them.
It does help if you’re a customer of the bank.
Fortunately, there is a place that will always exchange your 5 pound coins for legal tender or as a form of payment.
Post Offices will accept 5 pound coins in exchange for goods and services. Now, not all Post Offices do this, so we recommend calling ahead to ensure that your Post Office does accept them.
In our experience, the bigger Post Offices will accept the coins and the smaller ones will not.
Do any places accept 5 pound coins?
Yes. Some shops, banks, and private parties will accept 5 pound coins as payment.
It’s simply the choice of the business or individual whether they accept the coins or not. Shopkeepers rarely see 5 pound coins, so most of them will not accept them for payment.
5 Pound Coins For Sale
However, it’s worth asking if they accept the coins – some places do accept them for various reasons. It’s especially common for smaller shops to accept them.
5 pound coins might be worth more than 5 pounds
It’s important to note that your 5 pound coin might actually be worth more than 5 pounds. This mostly depends on the rarity and condition of the coin.
In fact, some of these coins can be worth quite a lot of money, so it’s certainly worth researching the coin to see if it’s valuable before taking it to the Post Office.
Why does the Royal Mint manufacture 5 pound coins?
The Royal Mint manufactures 5 pound coins to commemorate notable historic and current events in the United Kingdom and Commonwealth. There have been 5 pound coins for World War I, the Olympics, British landmarks, and other events, landmarks, and people.
As mentioned earlier, these coins aren’t meant to circulate. It’s simply a way for the Royal Mint to garner support for certain causes.
When did the Royal Mint begin manufacturing 5 pound coins?
The Royal Mint began manufacturing 5 pound coins in 1990. Before that, the British crown was used mostly as a commemorative coin. The same rules about spending a 5 pound coin also apply to spending a British crown.
However, the British crown (coin) tends to be worth more than its face value, so most people chose to sell the British crown (coin) rather than spend it.
How much do 5 pound coins cost?
The Royal Mint sells 5 pound coins for face value – 5 pounds – directly from the Royal Mint. They only produce a limited number of each commemorative coin as well.
Sometimes the Royal Mint will sell the coins in a set or with a case, so the total will cost more than 5 pounds. But the official value of the coin from the Royal Mint is still only 5 pounds.
Can I exchange old pound notes at the bank?
The same rules apply with one exception – British pound notes are printed by the Bank of England. And the Bank of England does accept all currency that it has ever printed no matter the condition.
That means they will accept any old notes that you have in your possession. Of course, if the note is old enough, then it’s probably worth more than its face value.
Final Words
We hope that answered everything you need to know about exchanging your 5 pound coins for legal tender or spending them. We even added a section on old pound notes because people that have five pound coins tend to also have old pound notes.
Five Pounds (British Gold Coin) - Wikipedia
Anyway, the five pound coins are sometimes worth more than 5 pounds, so make sure to check the value before you take it to the Post Office or try to spend it.