Coin Hunter - Hunt#4 first draft - 1 week long, dates to be determined

About Coin Hunter

Coin Hunter is a free web based app that allows you to check change online. The change is a handful of virtual coins, but every coin you see is drawn from a pot of real coins.

This means that you can add any coin you see to your real collection, just by clicking the coin and using your free coin lock.

At the end of the coin hunt, you have the option to order locked coins at face value*. The coins are then posted to your address using a Royal Mail signed for service.

About Hunt#4

The app will randomly draw handfuls of change from x coins with a total value of £x. x £2 coins, x £1 coins and x 50 pence pieces.

Locking a coin just for you

Coin locks are how users get hold of the real coins at face value on a first to find basis. You can use a real coin lock to place a reserve on any coin you see.

Each user will be limited to locking a maximum of one of each coin design. This is to make to hunt as rewarding as possible for all players and give people the best chance of building or completing their collection.

Locking a coin removes it from the hunt. At the end of the hunt you have the option to pay face value to receive any coin or coins that you have locked.

Every user receives at least 5 coin locks to use during the hunt. Pro users receive 15 coin locks. There will be no option to purchase additional locks.

Free Version and Pro Version

Hunt#4 will be based on a two tier approach (Similar to that used in hunt#2) to ensure everyone has the same chance of winning a prize in the version they choose to play.

Coin Hunt Versions
Coin Hunt Items
Free Pro (£7.50)
Handfuls of change each day 10 50
Coin Locks 5 (1 Standard and 4 Additional) 15 (3 Standard and 12 Additional)
Unused Coin Locks Expire at the end of the hunt Expire at the end of the hunt
Prizes
Detailed information about Prizes for hunt #4
Top 3 with a retail value of £50 Top 10 (at least) with a retail value of £500 (at least)

Additional Information

League points are allocated based on the rarity of every coin received where The Royal Mint have published circulation figures. In the event of a tie, the winner / places will be drawn from the equal top scorers.

Every user has the opportunity to receive more packs of change and more real coin locks via the following methods:

Selecting the Get More Change button and completing a task such as visiting a website.
Earning streak bonuses by playing for a number of consecutive days.

Multiple Accounts

Hunt#4 will only be available to users who have pre-registered. Multiple entry requests from the same household will be assessed on an individual basis.

As a pro user you are automatically entitled to also use the free version, there is no need to create an additional account you can simply switch between pro and free in the app.

The Coin Pot

The pot contains x coins with a total value of £x. x £2 coins, x £1 coins and x 50 pence pieces.

We want every user to have every possible chance. Seeded coin distribution will be used again for hunt#2 as it has been successful in ensuring desirable coins are available throughout the hunt when used in hunt#2 and hunt#3.

In simple terms it keeps some of the rarest and most desirable coins out of the main pot at the start and puts them all back in at random times throughout the hunt.

Without this in place, the first few people in on the first few days could lock many of the coins everyone would like to find. This ensures a fairer distribution of coins.

All coins are from circulation, so coin condition is outside of our control. Wear and tear to coins can include marks, colour change and rubbing down which is normally more pronounced in older coins. That said we see a large number of coins, so where possible will select the ones in the best condition for you. Coins that we do not consider to be in good condition for the year will not be part of the hunt.

Previous coin hunts: Coins in the pot have been based on including all designs found in a specific amount of change, such as £10,000. Based on this approach, we could make no guarantee about availability of specific coin designs, especially rarer and sought after coins. Like everyday change we get what we are given, just on a larger scale.

Hunt#4 is different, we have checked large amounts of change, but also sourced coins from other collectors, so we CAN GUARANTEE that at least 1 of every coin currently in circulation will be in the coin pot for hunt#4.

Real coins delivered*

The day after hunt#4 ends, the app will include an additional "Claim Coins" button. This allows you to view all your locked coins and select the ones you would like for your real collection and pay via PayPal.

The real coin order process will be active for one week after the end of the hunt. Any coins not claimed during this time will be returned to the pot for other users to find.

We are very keen to provide a face value ordering service, but with PayPal charges of 3.4% and £0.20 on every transaction it would not be viable to lose money on every order.

Every user receives at least 1 standard coin lock, the first coin locked (or the first 3 coins for pro users) will automatically use the standard coin lock(s). These coins can be ordered at face value plus postage cost.

Users also receive additional locks (4 for free users and 12 for pro users), these locks are free to use after any standard locks have been used. The more coins orderd, the greater the time and effort invloved - so costs have been added to the coin order process.

Additional coin locks are free to use, but if the locked coin is ordered an additional charge of 75p per coin applies.

This method has been used to avoid the complexity of buying additional locks that may not be needed. In this way users only pay extra if a coin is ordered, which is the bit that takes the time. Also people just ordering 1 or a few coins (pro) that they need to complete a collection can pay no additional fee. See example below.

Example Coin Order Cost for hunt#4

Free or Pro User: 1 x 50p coin locked with first (standard) coin lock - "Kew Gardens perhaps" would cost 50p + postage.

Pro User: 1 x £2 coin locked with first (standard) coin lock and 2 x £50p coins locked with second and third (standard) coin locks would cost £3 + postage.

Pro User: 1 x £2 coin locked with first (standard) coin lock and 2 x £50p coins locked with second (standard) and sixth (additional) coin locks would cost £3.75 + postage.

Free User: 1 x £2 coin locked with first (standard) coin lock and 2 x £50p coins locked with second and third (additional) coin locks would cost £4.50 + postage.

£3 (Face Value) for the coins

+ 2 x £0.75 = £1.50 (additional coin lock, ordered coins fee)
Total Payable before postage would be: £4.50

Pro users can order the first 3 coins locked at face value, the 75p fee is only added for any and each coin ordered that was locked using the fourth to fifteenth locks (additional locks).

Postage and Packaging:

All coins will be sent by The Royal Mail signed for and be securely held and protected in coin foam.

Coins will be sent to the address given during pre-registation.

Costs:
Signed For: £2.66 (up to 3 coins)
Signed For: £3.32 (up to 10 coins)
Signed For: £4.40 (11 or more coins)

Taking Part in Hunt#4

Pre-registration is required to take part in hunt#4. This will require a unique and valid email address.

Requests for hunt#4 pro can be made within the pre-registration form. Pro status will be applied to your account, ready to be used from day 1.