The bidding site, eBay, can be a good place to start if looking for a cheap deal, but there are also more expensive products up for sale. A Beatrix Potter Benjamin Bunny fifty pence piece was put on the site with the whopping asking price of £7500. The seller, “bbnabeel”, uploaded the coin along with one picture of it. They described it as “rare” which could explain the huge asking price, but this may not be the case.
The coin on offer was from the 2017 batch of Beatrix Potter coins, which were first released in 2016 to commemorate the 150th anniversary of the author’s birth.
The Benjamin Bunny fifty pence was given the ‘Buy It Now’ price of £7500, but the seller also gave potential bidders the option to make a smaller offer.
As well as parting with the large sum of cash, the buyer would need to fork out an additional £1.32 to have the coin delivered by second class mail.
Although the coin might be interesting to a lot of people, it is not necessarily rare or worth as much as the price would suggest.
According to the website, Change Checker, the 50p ranks as one on the scarcity index, which means it is classed as common.
The website, which is dedicated to coins, claimed the coin has a very large circulating mintage of 25,000,000.
As well as this, those hoping to get their hands on the coin are able to buy the product on the Royal Mint website for just £10.
Experts at the coin publication, Spend It? Save It? What Should You Do?, disagree slightly with the mintage, as they have said there are 11,300,000 of the coins.
Still, the magazine has given the coin a valuation of just £4, much different from the current asking price.
Checking with a coin expert before making a purchase can potentially help coin collectors save a lot of money.
Commemorative coins are often put on sale for more than face value and collectors should be careful before making a purchase.
Recently, a Beatrix Potter Peter Rabbit coin was put on eBay with the asking price of £8000.
Despite giving the product a huge asking price, the seller admitted they did not know much about coins.
Another 2017 Peter Rabbit coin was uploaded online with the asking price of £2000.
Both these coins have been given the valuation of just £4.