When spending a large amount of money, it’s often worth doing some research first. If possible, it may also be a good idea to seek some advice from an expert. Today, a 50p coin was spotted selling for a huge amount of money online. The eBay user “darjeya0“ listed the starting price at £450, but is also open to offers.
On top of that, the seller requires the buyer to pay a £1.26 postage fee for economy delivery.
There’s a limited description of the coin, as well as photographs of the obverse and reverse sides.
So, why is it that the current owner of this coin has claimed it’s “very rare”?
The coin itself is the 2017 Sir Isaac Newton 50 pence piece.
It was released by the Royal Mint in 2017, and was available to purchase for £10.
However, the website states that this uncirculated coin is no longer available.
It was created to mark the 375th anniversary of Sir Isaac Newton’s birth, and is the only official UK coin to celebrate his life and work.
The publication Spend it? Save it? What should you do? has estimated the mintage at 1,800,000 and its value at £2.
The reverse, which is the tails side and depicts the markings which make a nod at the late scientific genius, was designed by Aaron West.
The website Change Checker has ranked this coin as less common in terms of scarcity.
On the scarcity index, it comes in at 28, with 100 being the scarcest of coins.
In the Spend it? Save it? What should you do? guide, coin collectors are warned to beware.
That’s because when buying a coin online, it’s up to the seller as to how much they list the item for.
This means that while it may have a price tag that’s in the hundreds, it won’t automatically mean that that’s what the coin is worth, or what people are prepared to pay for it.
Phil Mussell and the Production Team of Coin News created the book, and wrote: “So remember – just because a coin is listed at a certain price that doesn’t mean it is worth that and just because something seems to have sold for a certain amount that doesn’t mean it actually did.”
It comes shortly after an eBay user listed a Benjamin Bunny 50p coin for hundreds of pounds.
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.