When it comes to special coins, you should not forget about Queen Elizabeth coins. These coins are from Great Britain and are highly sought-after by coin and precious metal collectors.
There are different kinds of Queen Elizabeth coins and each has its quality and valuation. The average selling price of this coin is estimated to be $21.49 while the coins have been sold anywhere between $5 to $9,000.00.
Confused and wondering what is the exact value of a Queen Elizabeth Coin? You might have searched places but probably not yet received the right answer. Or you may have the answer but you are looking for more credible sources to help you get the perfect answer. Well, if that’s the case, you are in the right place.
Table of Contents
- How Much Is A Queen Elizabeth Coin Worth?
- Why Do We Have Coins With Queen Elizabeth Inscribed?
- What Makes Queen Elizabeth Coin Special?
- What are the Issued Queen Elizabeth I Coins?
How Much Is A Queen Elizabeth Coin Worth?
Depending on the kind of coin you have, the period from which it belongs, the materials it’s based on and the value it portrays plays a crucial factor in determining the estimated value of the coin. We have shortlisted some popular ones and tried explaining their values below:
1964 Queen Elizabeth Coins
The 5 cents coins of 1964-Spitting Queen Elizabeth II are currently valued at about $9-10. Made of 100% Nickel, the valuation is based on the current market value of Nickel.
1 Dollar 1987 – Voyageur Elizabeth II
Made from 91.5% Nickel and 8.5% Bronze, the metal value of this coin is $13.915. Depending on the coin’s condition, scarcity, demand, and errors, the valuation of this coin can vary. The diameter of this coin is 26.72 and it is 1.95 mm thick.
1 Dollar 1988-89
A similar coin from the 1988-89 era has a diameter of 26.5 and is 1.75 mm thick.
Queen Elizabeth 1 Pound Coin
Featuring the portrait of Queen Elizabeth II along with the issue date, the other side of the coin features a royal crown containing the English Rose, a Scottish thistle, Northern Irish Shamrock, and Welsh leek.
The coin is a part of the 2017 series that appears segmented with a fluted rim. The colour is silver and gold. The actual value is approximately $0.69.
Why Do We Have Coins With Queen Elizabeth Inscribed?
Queen Elizabeth II was supposed to be the observer of coins during her reign of the Great Britain Empire. There are different varieties of coins featuring her portrait. For instance, a coin with Queen Elizabeth on horseback on the reverse is also available.
The first effigy was designed by Mary Gillick, a British Sculptor in 1952. It was the first of its kind coins that were circulated in 1953 for Nyasaland, Canada, Rhodesia, New Zealand, South Africa, etc.
What Makes Queen Elizabeth Coin Special?
The Queen Elizabeth coin is one of the special coins from Great Britain. The Queen’s legacy in the Great Britain monarchy’s history is one reason why collectors highly seek this coin.
During Queen Elizabeth I’s reign, manual hammering made most coins. The pieces of silver and gold used die stamps with intriguing inscriptions and patterns. Most coins come with the Queen’s profile, a cross, a coat of arms, and a rose.
If you have the 1561 hammered Elizabeth sixpence, you will see the inscription “POSUI DEUM ADJUTOREM MEUM” on the reverse, which means “I have made God my helper.”
Most Queen Elizabeth coins have multiple denominations. While their diameter and weight are different, all denominations are the same.
Below is the approximate weight in grams of the coin:
- Crown: 30 grams
- Half Crown: 15 grams
- Shilling: 6 grams
- Sixpence: 3 grams
- Groat: 2 grams
- Threepence: 1.5 grams
- Half Groat: 1.0 gram
- Three halfpence: 0.75 gram
- Penny: 0.5 gram
If Queen Elizabeth coins have larger denominations, they command higher prices from coin collectors. However, this rule mainly applies to the crowns and half-crowns.
For example, the condition would be the primary price driver if you have shillings and below. Do not assume that the dates will affect the value.
The balance point between the coin’s supply and demand often ranges from $200 to $600 for small silver coins. If the silver crown is still in excellent condition, the price can reach the $10,000 range.
What are the Issued Queen Elizabeth I Coins?
Here are the different issues of Queen Elizabeth I coins:
Elizabeth I 1 Shilling 1st Issue
The 1 Shilling was issued between 1522 and 1529, and the English pound coin. This coin was worth 1.5 a pound sterling. It gained a “one groat” nickname. Technically, it meant one-third side and was one-third the value of a shilling.
On the other hand, the groat term referred to a coin with one-third the value of a pound. The Queen needed a more secure way to pay bills. So, she ordered the Royal Mint to produce a more durable coin than silver in one year.
Before settling on iron, the Royal Mint tried up to 20 metal types. The coin was 1.5 inches in diameter, .25 inch thick, and had 1/16-inch grooves on the sides and back. It was considered the first-ever English coin to bear Queen Elizabeth’s name.
1565-1569 Elizabeth I 3rd and 4th Issue
This Elizabeth I’s 3rd and 4th coin issue is a collectible hammered silver sixpence. The coin indicates the date of 1569 and features a Coronet mint mark. On the obverse side, you will find the clearly visible ear of the Queen and the intermediate bust type 4B facing left.
On the right of the bust, there is a Tudor rose within the beaded circle. On the reverse side, there is an armored shield quartered by a fourchee cross. Above the coin, you will find the date.
1580 Elizabeth I 5th Issue Sixpence
Sixpences were common and struck in small quantities during Queen Elizabeth’s reign. The 1580 Elizabeth I 5th Issue Sixpence was struck to celebrate the Queen’s 2nd birthday. This rare coin measure 28 mm and is valued at $4,200.
The coin has the London mint mark and was struck during the 1560s. On the reverse side, there is Elizabeth I’s head, and the Latin inscription says “ELIZABETH I.” It also features the date 1580.
1584-1586 Elizabeth I 6th Issue Coin
This Queen Elizabeth I rare hammered silver half groat coin comes with an Escallop mint mark on the obverse and reverse sides, which indicates that it was stuck between 1584 and 1586 at the London mint. It is Queen Elizabeth I’s sixth coin issue.
On the obverse side, you will see the Queen’s bust facing left alongside two dots, indicating the two pence’s value. As with the reverse side, you will find a fourchee-long cross through an arm shield representing England in two quarters with 3 lions and France in the other two quarters with 3 fleurs-de-lis.
Whether it is silver or gold, coins that have existed for many long times have become extremely rare. Naturally, this makes them more valuable, and the Queen Elizabeth coin has no exemption from this. Hopefully, this article helped you a lot in getting more familiar with this rare coin.