eBay: ‘Extremely rare’ 50p listed for £2 million – seller thinks coins may go for MORE
When buying a coin, it’s up to you as to how much you’re prepared to pay. While it may be possible to pick up a bargain, it can be that some coin collectors end up paying over the odds in order to get their hands on a sought after coin. When buying a coin on eBay, it’s down to the seller as to how much they list it for. And, it seems that the eBay user “khanura” fancied their chances on making a huge amount of money from some 50 pence pieces they have.
The seller posted two Battle of Hastings 50p coins for a Buy it now price of £2 million.
They claimed that these coins are “extremely rare”.
But, the current owner isn’t willing to let them both go for an astounding £1 million each.
Rather, they’re hoping to get a whopping £4 million for them both.
The description reads: “Buyer will receive 1 item if s/he pays £2 million. Buyer will receive both coins if s/he pays £4 million.”
They have thrown in free first class delivery in exchange for this sale.
An optimistic eBay user is hoping to get £2 million for a 50p coin they’ve called “extremely rare”
What is known about this coin?
The Battle of Hastings coin was released in 2016 to mark the 950th Anniversary of the Battle of Hastings.
According to the publication Spend it? Save it? What should you do? it has a mintage of 6,100,000.
The guide also valued the coin at £2.
The website Change Checker estimates the mintage to be 6,700,000, and ranks the coin at one on the scarcity index, and therefore common.
The reverse is inspired by the Bayeux Tapestry, and designed by John Bergdahl.
Phil Mussell and the production team at Coin News Magazine have issued a warning in their guide Spend it? Save it? What should you do?, which was released in association with the Royal Mint.
They advise that it’s up to the seller as to how much they put the item up for sale for.
And, astonishingly high price tags can make more affordable listings seem much more appealing.
But, more often than not, the coins aren’t even worth that, so the buyer still ends up paying more than it is worth.
Recently, a Representation of the People Act 2018 coin was spotted on eBay with a starting price of £3,000, but for what reason?
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.
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