Last Updated on:
1.0 Brief Introduction
Before we kick off today’s topic, let us talk something first, a modern Mule coin.
1.1 What is a Mule coin?
Here it is a quote from Coinworld’s website, (or You can click here for more details.):
A mule coin is a coin struck with dies that were not intended to be paired.
“A numismatic mule is a fascinating creature, a hybrid of two designs never meant to appear together,” Coin World senior news editor William T. Gibbs wrote in 1992. “Some are accidental in nature, true errors that any collector would welcome in his or her collection. Other mules were deliberately produced, either accidentally, out of necessity to meet coinage demands, or from a desire to produce something special (even if fraudulent) for collectors.”
1.2 What is a modern Mule coin?
Having said a mule coin above, a modern mule coin is made in 1971 and onwards in British coinage.
The two-question asked above is going to form our topic here, a modern mule coin.
2.0 A Two New Pence Mule Coin in 1983
2.1 What is it?
A 2 New Pence Mule coin is an ordinary 2 pence coin with wording of “NEW” on reverse made in 1983. In essence, it is a 2p coin from our daily use. However, this kind of 2 new pence coin can not be found from our pocket. You only discover it from Year Mint Coin Collection Martini Set. The particular reason behind this kind of 2p Mule coin and further information, you can click on here in 2.2 below.
- 1983 2p Mule coin in Martini Set
2.2 A real and official one in 1983 only for this kind of 2p coin
Loads loads of rare coins flood into the market, due to lack of proper knowledge and information. People call their own coin Rare. Once a rare coin named, a price of the rare coin will soar.
A official announcement please click here for more information.
Information of 2p Mule coin confirmed officially, and demands of the coin on the market existed, people just want to know how much it is worth and then cash in it? It is obvious a drawback of modern coins (i.e., quick money). However, people (i.e., investors) are destroying the turnover rate fundamentally.
3.0 Valuation on mule coins
A 2p mule coin, it is extremely hard to find on the market in terms of rarity. Also the mule coin is escaped under stricter inspections from a government-owned Mint, a rare event it is. At this point, you can see that a 2p Mule coin has a greater value if you have it in hands. Furthermore, the more people know and recognise, the higher price you are going to sell for. However, the mule coin slowly gets seen more commonly and loses its own value contained when the Mint downgrade their quality control process and get their hands on this commercial bug.
4.0 Mule coins since 1971 to 2020
Mule coins we walk through are circulating coins in terms of legal tender, and coins struck on wrong planchet not included.
→ 1983 2 new pence coin (correct version: 1983 2p)
We have talked this coin in detail above, please see above.
→ 1994 £2 Bank of England gold coin (correct version: with denomination Two Pounds)
A relevant event, trail coins were in production lines (i.e., 50p £2).
→ Undated 20p coin (correct version: 2008 20p)
A relevant event: from Tudor rose to shied on reverse
→ 2012 50p swimming coin Olympic Games (correct version: no lines over a swimmer face)
→ 2015 50p Battle of Britain coin (correct version: with denomination 50 Pence)
A relevant event: Effigy of Q E II upgrade from 4th to 5th
5.0 Others: A new trend
Keep a 2p mule coin in its original pack, or leave the coin naked, or get the coin slabbed by a third grading company (i.e., NGC, PCGS). How? It is very personal and subjective to answer it.
A 2p mule coin is worth more than its face value obviously. It is necessary to put it into a proper box, and easy to present people either physically or virtually. By considering these two points, put it in a box from a third grading company is the best way to store the coin, but costs and grades are key to think about before and after. Also, modern mule coins are too young to be slabbed. If you are going to establish your portfolio, it is the best to let your valuable mule coins slabbed.