If looking for a rare coin, eBay can be a great starting place and it holds a huge collections of commemorative coins, and they won’t come cheap.
Checking with a coin expert is recommended before parting with the cash and the selling price does not necessarily reflect the coin’s value.
Recently, the seller “mr54vas10” flogged a Kew Gardens 50p coin for much more than face value, at £103.50.
Why did the coin go for so much and is it worth it?
The coin on offer was a 2009 Kew Gardens 50 pence piece.
The Kew Gardens are a UNESCO World Heritage Site and the coin was released in 2009.
According the Change Checker, a website dedicated to coins, the coin has a mintage of 210,000.
The 50 pence piece rates 100 on the scarcity index – making it very rare.
In fact, in 2014 the coin was revealed as the most scarce 50p in circulation and they have been known to go for hundreds of pounds, which means this buyer may have nabbed a bargain.
This coin is described by “mr54vas10” as a ‘rare’ coin in circulated condition.
The seller invited potential bidders to message him with anymore questions, and promises to put more rare coins on the market soon.
According to the publication, Spend It, Save It, What should you do?, the 2009 coin is one of the rarest 50p coins around.
Despite this, they have given it a valuation of £100.
So the buyer seems to have got the coin for the right price.
Another ‘rare’ coin is selling for over £4,000, but is it worth it?
The Beatrix Potter coin was put online with the price tag of £4,050.
According to Change Checker, the coin had a mintage of 6,900,000 and ranked two on the scarcity index – making it common.
The Royal Mint have recently announced they will release 26 new designs of 10p coins.
This is for its 2019 Great British Coin Hunt collection.
Nicola Howell, Director of Consumer Business at The Royal Mint said: “These 26 individually designed coins, each with a quintessentially British subject, is the first ever commemorative range struck on a 10 pence piece.
“It will be one of the most limited issue coin designs for 2019 to be released into circulation.”