3 days ago
Ultra-rare pattern on 50p coin means it's sold for an enormous £2,500 – do you own one?
Read on to find out what makes a coin so valuable
IN THE COIN Ultra-rare pattern on 50p coin means it's sold for an enormous £2,500 – do you own one?
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A COMMEMORATIVE 50p coin has sold for a whopping £2,500 because of an ultra-rare pattern.
Coin hunters should check their collections to see if they have snatched up one of the treasures.
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The Platinum Jubilee of Her Majesty The Queen 2022 50p coin
Credit: The Royal Mint
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The ultra rare pattern made this coin more valuable
Credit: EBay
After a bidding war, the coin was snagged for £2,552 and had five bids in total.
The coin was released for the late Queen's Platinum Jubilee in 2022.
It was first 50p ever made to mark a royal event.
The heads side of the coin features The Queen on horseback, while the tails face shows the number 70, marking how long Her Majesty had been ruling for.
The coin's design was personally been given the nod by the Queen.
Around 1.3million of the celebratory coins were made available on "limited release".
News of the 50p coin was first revealed by the Royal Mint, exciting collectors.
Postmaster Umesh Sanghani, who has run Dedworth Green Post Office in Windsor for 23 years with wife Rashmita, said at the time: "We have had many customers coming into our Post Office to check that we are going to get the special 50p coin.
"They don't want to miss out on this souvenir."
Other versions of the seven-sided 50p coin are among the most collectable and it's the first time a royal event has appeared on the tail side of the coin.
Rare 50p coins can often sell for hundreds of pounds and far more than their face value.
Their value is based on how many are available and demand, and if collectors are keen to get their hands on one this can push up the price.
What makes a coin more valuable?
Mintage figures are generally what collectors look at to work out its value.
Low mintage makes it rare which often means it is more valuable, but that's not the only thing.
Coin website Change Checker looks at how many of the coins have been collected by its members which shows how easy they may be to find (or not), and ranks them regularly.
The experts also track the number of times a design has been requested as a swap over the previous three months, showing the current level of collector demand.
While these indexes don't necessarily correspond to value, it can be an effective indicator.
Coins with errors like a misprint can also be worth more than face value.
A rare error on a 5p coin means it sold for £161 - more than 3,000 times its original value.
