A new £2 coin has been released to commemorate the 75th anniversary of VE Day, sparking interest from coin enthusiasts and memorabilia collectors.
Allied forces announced on May 8 1945 that Nazi Germany had surrendered, bringing the Second World War to a end in Europe. Many events are taking place to celebrate the anniversary this Friday, including the issuing of a new £2 coin by the Royal Mint.
The coin features the word “victory” in large letters with an image of citizens celebrating.
It will not enter general circulation initially and will be sold only in gift sets. However, the Royal Mint said it could be released more widely later in the year if there is sufficient demand.
New coins can quickly become collectors’ items and many 50p pieces are now sought-after among fans. The Kew Gardens 50p, released in 2009, can change hands for more than £150 on online auction websites.
Generally £2 coins are less collectible, but buyers are still willing to pay significantly higher than face-value for the most desirable coins.
According to Coin Hunter, a price tracking website, the most valuable is the £2 coin released to commemorate Northern Ireland’s participation at the 2002 Commonwealth Games. This sells for an average price of £34.
The remaining home nations coins are also popular among currency collectors. The Wales (£13), England (£12) and Scotland (£9.30) coins from the same event are worth significantly more than face value.
Outside of the Commonwealth Games coins, the coin to mark the handover of the Olympics from London to Rio in 2012 is typically worth £5.50.
However, not all £2 coins prove to be valuable. The 1999 Rugby World Cup, 2012 Charles Dickens coin and Second World War coin from 2005 are worth little more than their face value, Coin Hunter said.