Published On: Tue, Apr 9th, 2019

eBay: ‘Rare’ 50p coin selling for £4500 – but you must watch out for an important reason


Rare coins can be of great interest and many people hope to get their hands on these to grow their personal collections.  Although usually more difficult to find, coin collectors will see a huge number of commemorative coins on offer on the bidding website, eBay.  One coin has recently been selling for £4500 and the seller has informed potential buyers that the coin is “rare”.  However, this may not be the case and eBay users must watch out before parting with such a huge amount of cash.

The eBay user “l33smk” listed the Battle of Hastings 50p coin for £4,500.

This is also the Buy It Now price and they appear to be open to offers for those not willing to spend so much money.

The seller described the coin as “rare” and said they hope to put the money towards home improvements.

For any buyer willing to make an offer, they will also face a delivery charge of £1.40 to have the coin delivered by first class mail.

Despite similar coins also being sold for huge amounts on eBay, coin experts are not as convinced of the huge price tag.

The Battle of Hastings commemorative 50p coin was issued in 2016 by the Royal Mint and it was released to mark the 950th anniversary of the famous battle.

The coin has been given a mintage of 6,700,000 and it may be worth just £2, as coin publication Spend It? Save It? What Should You Do? has given it the tiny valuation.

Despite being higher than face value, the coin does not seem to be worth the money and it is important that other eBay users are not caught out and check with a coin expert before making the purchase.

The coin has been described as “rare” but coin website, Change Checker, describe the coin as common on their scarcity index.

By shopping around, those wanting to get their hands on the commemorative coin could potentially pick it up for much less.

Commemorative coins are something that many collectors hope to get their hands on and it seems that sellers on eBay mark up the products as a result.

Recently, one Benjamin Rabbit 2017 50 pence piece was listed for £599.99.

This uncirculated item can currently be bought on the Royal Mint website for just £10, meaning that bidders can save a lot of money by going there direct.

Another Beatrix Potter coin was listed for £900 by one user who described it as “rare”.

Despite this, the 2017 Tom Kitten coin was given the valuation of just £4 by the experts behind Spend it? Save it? What should you do?. 

Which are the rarest £1, £2, 50p, 20p, 10p and 2p coins?

Rarest £2 coins

The rarest £2 coin is the 2002 Commonwealth Games NI coin with 485,500 in circulation. This is followed by the 2002 Commonwealth Games Wales which has 588,500 in circulation.

Next up is the 2015 Navy, and there are 650,000 in circulation.

 

Rarest £1 coins

The most rare £1 coins are all part of a series celebrating the British capitals.

The rarest of these is the 2011 Edinburgh coin, with 935,000 in circulation. Of the 2011 Cardiff coins there are 1,615,000 in circulation, while the 2010 London coin has 2,635,000 in circulation.

 

Rarest 50p coin

The rarest 50p coin is the Kew Gardens coin, which is also the rarest coin in circulation. It there were only 210,000 minted.

The football Olympic 50p coin has 1,125,500 in circulation, and the wrestling coin has 1,129,500 in circulation.

 

It is not so easy to evaluate the rarest 20p coins, 10p coins and even 2p coins as exact circulation figures are not known.

However, various versions of the coins are known to sell for large sums.

These include the dateless 20ps, which are actually part of a run from 2008. There may be between 50,000 and 200,000 of these coins in circulation.

The 1983 ‘New Pence’ 2p coin can also sell for a huge sum, up to £650.



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