The 2016 queen elizabeth coin value is a topic of significant interest for collectors and numismatists. The actual worth of a 2016 Queen Elizabeth II coin can fluctuate considerably, influenced by a combination of factors. These factors include the coin’s origin, its denomination, the specific type of coin (e.g., commemorative, error, bullion), its physical condition, its rarity, and the prevailing demand within the collector market.
Factors Influencing 2016 Queen Elizabeth Coin Value
Several key attributes contribute to how a specific 2016 Queen Elizabeth coin is valued.
Country of Origin
Coins issued by different national mints, such as the Royal Mint in the United Kingdom or the Royal Canadian Mint, will inherently possess distinct values. Each country produces coins with unique designs, mintage figures, and metal compositions, all of which affect their market price. For instance, a UK-issued coin will have a different value profile compared to a Canadian-issued coin, even if both feature Queen Elizabeth II.
Denomination
The face value or denomination of a coin plays a role in its base value, though this is often superseded by other factors for collectible coins. A £1 coin from the UK will naturally have a different inherent value than a $5 coin from Canada. However, for rare or commemorative coins, the numismatic value far exceeds the face value.
Coin Type
The classification of a coin significantly impacts its value.
- Commemorative Coins: These coins are issued to celebrate specific events, anniversaries, or individuals. They often feature unique designs and are produced in limited quantities, increasing their appeal and value to collectors.
- Error Coins: Coins with minting errors, such as misstrikes, double dies, or off-center strikes, are highly sought after by collectors due to their uniqueness and rarity. The more significant or unusual the error, the higher the potential value.
- Bullion Coins: These coins are primarily valued for their precious metal content (e.g., gold, silver). Their value fluctuates with the market price of the metal, though some may also carry a numismatic premium.
- Circulation Coins: Coins intended for everyday use. While most circulated coins from 2016 will hold little more than their face value, certain rare varieties or low-mintage issues can gain significant value.
Condition
The physical state of a coin is a critical determinant of its value. Collectors prioritize coins in excellent condition.
- Uncirculated (UNC) or Brilliant Uncirculated (BU): These coins show no signs of wear and retain their original luster. They command the highest prices.
- About Uncirculated (AU): Coins with very slight traces of wear on the highest points of the design.
- Extremely Fine (EF/XF): Coins with light wear on the high points, but all major details are sharp.
- Very Fine (VF): Coins with moderate wear, but all major details are clear.
- Fine (F): Coins with significant wear, but the design is still discernible.
- Good (G) or Fair (FR): Heavily worn coins where many details are obliterated.
A well-preserved coin with minimal wear and original luster will generally be worth considerably more than a damaged, scratched, or heavily worn coin. Professional grading services assign numerical grades to coins, providing an objective assessment of their condition.
Rarity
The scarcity of a coin directly correlates with its value.
- Low Mintage Numbers: Coins produced in smaller quantities are inherently rarer and thus more valuable.
- Special Features: Coins with unique variations, such as specific mint marks or slight design alterations, can also be rarer.
- Error Coins: As mentioned, error coins are rare by definition, making them highly desirable.
Demand
The current demand for a particular coin among collectors significantly influences its market value. Popular series, coins with historical significance, or those with compelling narratives often experience higher demand, driving up their prices. Market trends, collector preferences, and even external economic factors can affect demand.
Examples of 2016 Queen Elizabeth Coin Values
The following examples provide a snapshot of the potential 2016 queen elizabeth coin value for various types. These figures are indicative and can change based on the factors discussed above, particularly the specific condition and the current market.
UK Coins
The United Kingdom issued several coins featuring Queen Elizabeth II in 2016, including commemorative and circulation pieces. The 2016 queen elizabeth coin value for these can vary widely.
- Rare 1 pound Coin (2016) – Last 12-corner design: This coin represents the final iteration of the round £1 coin before its replacement by the 12-sided bi-metallic version. Examples in exceptional condition can fetch values around $546.03. This value reflects its historical significance as the last of its kind.
- Queen Elizabeth II One Pound (1) Coin 2016/ UK Rare coin with error on earring: Error coins are highly prized. A specific error where the Queen’s earring appears distorted or missing can significantly increase the 2016 queen elizabeth coin value. Examples have been reported to sell for around $1000.
- Queen Elizabeth II One Pound (1) Coin 2016/ Uk Error on earring: A similar earring error, perhaps with slightly different characteristics or condition, has been valued around $855.5. The precise nature and visibility of the error determine the exact value.
- Elizabeth II D•G•REG•F•D One Pound (copper-nickel): This refers to standard circulation £1 coins from 2016. While most circulated examples hold little premium, certain uncirculated or very well-preserved specimens can be valued around $300, especially if they possess subtle variations or come from specific mint sets.
- Elizabeth II D•G•REG•F•D One Pound (copper-nickel, rare KM number): A rare Krause-Mishler (KM) number indicates a specific variant or limited mintage. Such a coin, even in copper-nickel, could have a 2016 queen elizabeth coin value of approximately $70.
- 2016 Gold Sovereign Coin Elizabeth II Fifth Head: The Gold Sovereign is a bullion coin, but its numismatic value can exceed its gold content, especially for specific years or strikes. The 2016 edition featuring the Fifth Portrait of Queen Elizabeth II can be valued around $901.8, reflective of both its gold weight and collector demand.
- One Pound Elizabeth Coin 2016 (circulated): This refers to a standard, circulated £1 coin from 2016. While the listed value of $1689.99 seems exceptionally high for a circulated coin and may represent an outlier sale or a specific, unstated rare variant, it highlights that even circulated coins can achieve high prices if they possess unique attributes or errors not immediately apparent. For typical circulated 2016 round £1 coins, the value is generally very low, often just above face value.
- 2016 UK Coin £1 BU Farewell and Nations of the Crown (exclusive mint mark): This specific coin was part of special commemorative sets and was not issued for circulation. Its value is primarily driven by its inclusion in limited-edition sets and its uncirculated condition. As it wasn’t released into general circulation, its value is tied to its status as a collector’s item from the outset.
Canadian Coins
Canada also issued various coins featuring Queen Elizabeth II in 2016, ranging from bullion to commemorative pieces. The 2016 queen elizabeth coin value for these coins is influenced by their metal content, design, and mintage.
- 2016 Queen Elizabeth II Canadian Silver Maple Leaf 1 Oz Ounce 5 Dollar: The Silver Maple Leaf is a popular bullion coin. A 1-ounce silver coin from 2016 typically holds a value close to the spot price of silver, plus a small premium. An approximate value is $64.99.
- 2016 Canada $10 Gold Maple Leaf Reverse Proof Gold Coin Elizabeth II: This is a premium gold coin with a reverse proof finish, making it highly desirable for collectors. Its value is significantly higher than its face value due to its gold content and limited mintage. An example can be valued around $1024.99.
- 2016 Canada Uk Queen Elizabeth II W/ Bison 1 1/4 Oz Proof Silver $8: This specific coin features a bison design and contains 1.25 ounces of silver, likely issued as a proof coin. Proof coins are struck with special dies to create a mirror-like finish, increasing their collector appeal. Its value can be around $388.5.
- 2016 Canada Queen Elizabeth II Snowy Gyrfalcon 1.5 Oz Silver $8 Coin: Another commemorative silver coin, this one featuring a snowy gyrfalcon and containing 1.5 ounces of silver. Its value, especially in proof condition, can be approximately $598.5.
- 2 dollars 2016 – The Longest Reigning Monarch, Canada (Gold plated Silver 0.999): This coin commemorates Queen Elizabeth II becoming the longest-reigning monarch. While its face value is 2 CAD, its value as a gold-plated silver commemorative coin is much higher. The listed conversion of 2 CAD = 1.47 USD only reflects the face value; the actual collector value for such a piece would be considerably more, reflecting its precious metal content and commemorative nature.
Obtaining an Accurate Valuation
It is important to remember that the values provided above are examples and historical data points. The actual 2016 queen elizabeth coin value for your specific coin can vary. Market conditions are dynamic, and prices can fluctuate. For the most accurate valuation of your 2016 Queen Elizabeth II coin, it is strongly recommended to consult a professional coin dealer or a certified numismatic appraiser. These experts possess the knowledge and resources to assess all the relevant factors, including the coin’s specific variety, grade, and current market demand, providing a reliable valuation.
Are 2016 pound coins worth anything?
Anyone still using cash is being advised to watch out for a 2016 One Pound coin which could be worth £2,500 – with dozens of them in circulation. TikTok user @coincollectingwizard has posted a video explaining what you need to look for – and experts say at least 50 have already been found.
Are Queen Elizabeth coins worth any money?
Such a silver Elizabeth II coin is more valuable, while certain commemorative editions may include gold with higher queen Elizabeth gold coin value. Rarity and market demand also influence value. Limited-edition, rare queen Elizabeth coins or those produced in smaller quantities tend to be more desirable.
What makes a 2016 2 coin rare?
This rare £2 coin features William Shakespeare’s The Hollow Crown and has a unique mint error, making it a highly sought-after addition to any coin collector’s collection. The coin was issued in 2016 by the Royal Mint in the United Kingdom and has the denomination of Two Pounds.