Published On: Sat, Feb 9th, 2019

eBay: Rare coin listed for £600 – but collectors should beware

eBay is filled with listings of rare 50p coins, with many from the Beatrix Potter collection  often on the auction site. The latest addition is the 150th anniversary of Beatrix Potter coin, which was released in 2016 in honour of the iconic Peter Rabbit author. Listed by user kirstnicholso12, the coin is up for a whopping £600. They have also posted a number of photos of the 50p coin, showing its condition to potential buyers.

The title of the coin is: “Rare 50p coin UK – 150th Anniversary of Beatrix Potter 2016 – circulated VGC.”

Interested buyers could have the coin by Wednesday 13th Feb if they want this particular 50p.

However, the coin is also available to buy on the site from other sellers for prices as low as £2.95.

According to publication Spend It? Save It? What Should You Do? the coin’s value is actually just £2.

Upon its initial release by the Royal Mint, it had a mintage of 6,900,000.

On Change Checker it’s considered ‘common’ on the scarcity index.

So why is it listed for such a high price on eBay?

James Constantinou at Prestige Pawnbrokers of Channel 4’s Posh Pawn told these coins are highly collectible due to their illustrative design.

He said: “These coins are highly collectible due to their beautiful illustrative design, to which a lot of people attach a strong sense of nostalgia. 

“There has been a lot of hype surrounding these coins, but the reality is that these coins mainly sell for a few pounds (which is of course better than their true monetary value). 

“These have been produced in very large quantities; to put it into perspective, last year, a single design from the Beatrix Potter collection had over 2,000,000 coins in circulation.”

Experts have also reminded people to be cautious of paying extortionate prices for these so-called “rare” coins.

James added: “Although these coins are often advertised online for exorbitant prices, every so often a news outlet publishes an article on a one off which has sold for a considerable amount, but they seldom sell for these prices.

“I would recommend collecting the circulated coins for your enjoyment, or the precious metal proofs should you wish to invest a little more into your collection.”

James also added that the rare coins’ value technically varies depending on how in-demand they are, but they’re sole worth will only ever be 50p.

He continued: “With regards to the circulated or uncirculated coins, they are worth their face value of 50p.”

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