The RARE 50p coin has sold for £70 on eBay because of its unique design.
Since the 50p coin does not have the usual reverse, that means it is selling for 140 times its face value.
It is a commemorative coin, commemorating the UK’s presidency of the Council of Ministers of Europe and the completion of the Single Market.
With the double date, 1992 – 1993, printed at the top, it is commonly referred to as UK EC 50p.
Only 109,000 coins were minted so this design is very rare.
In fact, that’s only half of the popular Kew Gardens 50p coin mint that once topped the Change Checker scarcity index.
Sellers even advertise this in their listings as they say: “It’s considerably rarer than Kew Gardens 50p, at 210,000.
“This is a highly anticipated coin.”
Rare Coins & Valuable Notes
But coin experts point out that the UK EC President coin is no longer in circulation, in contrast to the modern Kew Gardens style.
That’s because it’s a coin from before 1997 when the shape of the 50ps was modernized to be ultra-thin – making the new coins we hand pass today smaller and thinner.
That means if you come across one of these rare copies, you might have a hard time using it in a vending machine or when you’re stuck at the parking meter.
However, you might have more luck listing it on eBay, like this seller did, and get in if enough people bid on it.
Up to 18 bids were placed on this before The last sale was called on January 9, so we know collectors are interested.
It’s only been up for a week, but the price has skyrocketed in that time.
Do you have one in spare change?
The seller of this particular coin says they have had this copy for almost 30 years, so you should sort through your own alteration to see if any rarity can be spotted. .
If you find one, you can make a lot of money from it on eBay.
Don’t belittle coins with error or, as they will often also be of interest to interested collectors.
Like rare designs, they are often produced in small quantities so the demand from collectors is very high.
If you look at other listings on eBay, you’ll be able to gauge your own level of change.
But you should also keep in mind that on eBay, buyers can cash out, which means the coin won’t sell for what it says it is.
Be wary of fakes, as they often appear online.
Rare coins and valuables – is yours worth a penny?
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- How to check if you have a rare coin
https://www.the-sun.com/money/4431209/rare-eu-50p-coin-sold-ebay/ Rare EU 50p coin sells for £70 on eBay