What is the rarest £2 coin – includes scarcity index

£2 Coins Scarcity Index

The £2 Scarcity Index was launched in 2017, to help us track which circulated coins are the most scarce and collectible. The Scarcity Index rates the value of coinage based on its low supply. The higher the place on the scarcity index, the higher the rarity of these coins (and in most cases, its higher value). The change checker scarcity index uses data from the second quarter of the year, and lists the coins that are in circulation. Coins that weren’t issued into the general public (uncirculated), aren’t shown. The results of the scarcity index would be very different if all circulated and uncirculated coins featured on the list.

Most people assume that the scarcity index is also a list of which coins are the most valuable. But this isn’t always the case. uncirculated coins can be worth much more than circulated coins. Every coin starts its life uncirculated. It isn’t until it becomes released and passed from person to person, that a coin becomes circulated. Coin collectors seek out uncirculated coins, bought direct from the mint and often made to a higher level. But of course, the more scarce the coin, the more a collector will be willing to pay. That is what it comes down to, our coins are only worth what someone else is willing to pay for them.

CoinScarcity Index
Commonwealth Games NI1004
Commonwealth Games Wales921
Commonwealth Games England77
Commonwealth Games Scotland732
London 2012 Handover69
Olympic Handover661
Olympic Centenary571
Mary Rose512
World War 1 Centenary (Navy)49
King James Bible483
London Underground Roundel37
London Underground Train291
Shakespeare Comedies272
Magna Carta261
Robert Burns22
Great Fire of London16
Wireless Transmission123
Shakespeare Tragedies91
Trinity House84
Shakespeare Histories6
Rugby World Cup64
Gunpowder Plot51
Steam Locomotive42
Paddington Station2
World War 1 Centenary (Army)13
World War 1 Centenary (Kitchener)1
World War 2 - 60 years 11
Abolition of Slavery11
Act of Union11
Charles Darwin11
Florence Nightingale18
Information provided by changechecker.org

The ever popular Commonwealth Games Northern Ireland £2 is back at the top of the scarcity index. The Wales version was briefly more scarce, but really any of the four 2002 Commonwealth Games coins are the ones to get. Another strong improvement goes to Trinity House, which has moved up 4 positions on the index.

On the other end of the spectrum, the Rugby World Cup and Florence Nightingale coins have moved down the Index this quarter, with Florence Nightingale dropping a huge 8 places.

2002 Commonwealth Games Coins

The Scarcity Index lists four different 2002, Commonwealth Games coins, but a lot of people don’t actually realise that there are four. The reason for this is because the difference in the coin design is tiny — maybe even too small for people to see with the naked eye.

the 4 2002 commonwealth games coins beside each other with the flags magnified.

As you can see from the picture above, the only change is the flag on each coin. When you think that this flag is only around 1mm in size, and general wear and tear will rub away some of the detail, you can see why most people always thought that there was only one 2002 Commonwealth Games coin.

the 4 2002 comonwealth games coins beside each other.

Look at the difference between the England coin and the Northern Irish coin. The flags are almost identical. It’s only a minuscule ‘Red Hand of Ulster’ that shows the difference.

In order be able to identify a 2002 Commonwealth Games Norther Ireland £2 coin with any confidence, you will likely need a magnifying instrument, such as a Phonescope. The Phonescope works by clipping onto a mobile or tablet device, magnifying the camera and allowing you to take close-up photos and videos. Click here to buy a Phonescope on eBay.

The Phonescope is essential for identifying the 2002 Commonwealth Games coin differences.
  • The Phonescope is the perfect tool for viewing the details of coins up close.
  • Suitable for all popular smartphones and tablets.

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