eBay: Rare £2 coin SOLD for £1,200 – but why is it valuable and how can you spot it?

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An eBay user has managed to sell this £2 coin for £1,200.

The piece, which has been in circulation, is very rare.

One in around 700,000 coins – this is a genuinely rare coin.

So what is the piece and how can you spot it in your change?

Seller Coincrush managed to sell the piece for a whopping £1,200.

They said of the coin: “This is a 2£ Scottish flag commonwealth game coin which has been circulated.” (sic)

Coin collecting website Change Checker reports the coin as a mintage of 771,750.

The site gives the coin a ranking of 89, making it very scarce.

It was issued in 2002, and was part of a four coin collection of pound coins.

The four different designs each represent one of the countries of the Commonwealth. This coin represents Scotland and has the Scottish flag on it.

The coins is also known as the “2002 XVII Commonwealth Games £2”.

Royal Mint said of the coin: “From 25 July to 4 August 2002, the city of Manchester played host to the Commonwealth Games.

“In the biggest competition in the 72-year history of the Games, some of the world’s greatest athletes competed in fourteen individual sports and three team sports over ten days of sporting and cultural activity.

“To mark this celebration of sporting excellence, The Royal Mint issued a commemorative £2 coin. Matthew Bonaccorsi’s reverse design represents celebration, victory and sportsmanship. It depicts a moving figure holding aloft a banner, the top of which is divided into lines symbolising the lanes of a swimming pool.

“The design is completed with the edge inscription ‘· SPIRIT OF FRIENDSHIP · MANCHESTER 2002’. Four versions of the coin were produced, one for each of the participating teams from the United Kingdom and distinguished by a cameo version of their respective flags.”

A rare 50p coin sparked a bidding war on eBay, selling for £265. 

Thirty-two bids were made on the coin by 12 bidders who battled it out to get their hands on the piece.

The seller said of the coin: “I’m starting bid at 99p 150th anniversary of the birth of Beatrix Potter Silver Proof fifty pence coin in excellent condition as seen in photo’s. (sic)”

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 £65

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