Going for gold. Profiting from commemorative Olympic coinage
On 27 July, the London 2012 Olympic Games began with a spectacular opening ceremony held at the Olympic Stadium in the capital. A showcase of British culture and history, it included traditional ceremonial elements such as the hoisting of the flags and the parade of athletes, before being formally opened by Her Majesty The Queen.
-Royal Mint
Its rather apt that today marks the 10th year anniversary since the start of the 2012 Olympics held in London, now we find ourselves on the eve of the 2022 Commonwealth games to be held in Birmingham.
The UK has a long and proud tradition of competing on the world stage when it comes to top level sports. To celebrate allcthings sport, for the 2012 Olympics, the Royal Mint released a 30 set commemorative coin set. They were a massive hit for coin collectors, and since they were released in to general circulation, it started lots of people on the longnroad to coin collecting.
The Olympic 50 pence coins(£0.50) have become scarcer and scarcer as more and more people scramble to add them to their collection. This has lead to the lower mintage coins in the set dramatically increasing in value.
The "Off-side" football coin has thenlowest mintage, and so has obviously increased the most in price. Finding one of these 50p coins in your change could net you £30+..... Thats 60X its face value and not a bad little payday for a coin you can still find circulating in your pocket change.
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At times I will prefer stacking silver much more than gold. Well preference might differs
Meanwhile Canada minted so much Olympics themed coins that there is hardly much of market, becoming a common sale item in my LCS. I think the 2010 Vancouver Olympic games coins were more intended for tourists to buy and keep as souvenirs.
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I love the Olympic 50p coins, and you are right, and started my daughter and I to collect. And my mother in-law worked in a shop at the time, and was able to get us quite a few, including the football/off side rule one. She also managed to get us a Kew Gardens one, which I understand is the 5-p to have !
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The 2009 Kew Gardens 50p is the "Holy Grail" for UK coin collectors. With just 209,000(i think its about that), they sell for around the £180+ mark. You could make a decent living from coin collecting/selling if you went at it full time.
I have to say I do like collecting them, its quite addictive ! My problem is that I'll collect, but never sell or dont know how to sell profitably, so for me it becomes a financial drain ! But I do enjoy it.
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