If you have a Diversity Built Britain 50p coin, what is it worth to you or any collectors interested in securing one?
The 50p coin showed that the Chancellor and the Royal Mint wanted to be more inclusive when releasing new notes and coins.
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In October 2020, Rishi Sunak, Chancellor of the Exchequer as he was then, issued the Diversity Built Britain 50p coin. The coin commemorates the government’s commitment to celebrating diversity. It is also an acknowledgement of ethnic minority communities’ contributions to building Britain.
The coin’s launch sparked the “We Too Built Britain” campaign. This movement highlights the role of minorities in making Britain the place it is. The campaign champions the need to celebrate diversity with more minority representation in statues, legal tender and civic symbols. It aims to celebrate the nation’s story, and 2.5 million coins struck entered circulation.
Dominique Evans, a top UK coin designer, devised The Diversity Built Britain 50p coin. Evans has also designed commemorative coins to recognise the Sapphire Coronation, mark VE Day and commemorate Jane Austen. As a mixed-race woman, she was drawn to creating the 50p coin through her experiences growing up.
How scarce is the Diversity Built Britain 50p coin?
The Royal Mint minted 10.3 million of the standard coin on the original issue. The Change Checker scarcity index lists the Diversity Built Britain 50p coin as an everyday coin with a low scarcity, but this could change.
There are other rare 50p coins with a lot lower circulation.
The scarcity index links to the coin’s consumer demand, and due to the high mintage and circulation, the currency is easily obtainable.
A lone bidder on eBay forked out £350 for one of the 2020 Diversity Built Britain 50p coins in October 2021. Still, you’ll likely pay around £12.50 on an online auction. The winning bidder in another eBay event paid exactly that to beat out 13 other bids and secure their prize. The Change Checker evaluation of a standard certified BU (Brilliant Uncirculated) coin is £4.50.
You can buy uncirculated coins for £10 directly from the Royal Mint.
The Royal Mint introduced 25,000 silver proof piedfort versions of the Diversity Built Britain 50p coin at the same time as the standard ones. The Mint sells the coins for £57.50.
There are other limited edition versions of the commemorative coins in circulation too. A gold proof piedfort, with only 950 minted, is valued at £1,095, according to the Royal Mint.
However, each one costs more to buy brand new.
What the Diversity Built Britain 50p Coin represents
After Dominique Evans designed the Diversity Built Britain 50p, she had the following to say:-
“When designing this coin, I began by thinking about the people who inspire me and what diversity has meant in my life. I believe that no matter where you are born, we all belong under the same sky, and this was the starting point of the design.
The background of the coin features a geodome with a series of interconnecting lines and triangles that form a network. Each part is equal and symbolises a community of connection and strength. The words’ Diversity Built Britain’ talk about the differences between us and the connection which gives us unity. The design also looks to the future and the bonds which will continue to grow.”
The Royal Mint and the West India Committee issued educational packs to English and Welsh primary schools. Educating children on the accomplishments of ethnic minority communities in Britain’s history was made a priority.
The government met with the “We Too Built Britain” campaign and other ethnic minority community groups. The meetings discussed themes for future coins. These discussions also assessed the impact of previously designed coins.
Then-British Prime Minster, Boris Johnson, said the following:-
“Congratulations to Dominique Evans, the designer of The Royal Mint’s new 50 pence coin – ‘Diversity Built Britain.’ Her design is the first in a series of coins The Mint will be producing, celebrating those who have helped shape our national history and culture.
I had the great pleasure of welcoming Dominque to a Cabinet meeting, along with Anne Jessopp, the first female Deputy Master of the Mint and Blondel Cluff, CEO of the West India Committee and Advisor to The Royal Mint. This new coin echoes the government’s commitment to building a fairer society for all.”
Why does my 50p coin have the words Diversity Built Britain?
This coin helps bridge Britain’s past, its diverse and inclusive here-and-now and its optimistic future. Its purpose is to encourage people to celebrate diversity as the country moves forward.
Will the Diversity Built Britain 50p coin increase in value with time?
Experts warn that the value of these coins may not increase over time. The value could change overnight or not change much at all.
Can you make a profit by selling your Diversity Built Britain 50p coin online?
Over 10,000,000 Diversity Built Britain 50p coins were minted, so they aren’t as in demand or rare as if there were fewer. You may not profit much by selling them.