4 days ago
Rare Peter Rabbit 50p coin sells for more than whopping 5,000 times its value – here's how to check if you have one
It is part of a collection celebrating the famous author Beatrix Potter
HOP TO IT Rare Peter Rabbit 50p coin sells for more than whopping 5,000 times its value – here's how to check if you have one
A RARE 50p coin has sold for more than £2,500 because of its unusual design.
The coin, which was sold on eBay, was part of a batch of special Peter Rabbit coins produced by the Royal Mint in 2018.
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Coin hunters should check to see if their 50p Peter Rabbit coin matches the one above
While most Peter Rabbit 50p coins contain the lettering "The tale of Peter Rabbit" on one side, this 2018 coin – which was sold on the online auction site in March this year – has only the markings "Peter Rabbit".
Coin hunters should check their collections to see if they have snatched up one of the treasures.
Experts such as Coin Checker say such small details can "dramatically" increase the price of rare coins for dedicated collectors.
It comes after another Peter Rabbit coin was put up for sale for a whopping £25,000 because of a tiny error.
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One eagle-eyed collector, who lives in Dereham, quickly noticed theirs looked different from the rest.
As the eBay listing explained, there was a bizarre "lump of metal" stuck to one of the character's feet.
In the latest listing to catch the eye of collectors, the seller outlined on ebay what makes this Peter Rabbit 50p coin "iconic".
They wrote: "Crafted with precision in the United Kingdom, these coins boast the iconic symbolism that collectors and enthusiasts alike seek.
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"The year of issue varies across the collection, offering a time capsule of Britain's numismatic artistry.
"The rarity of these coins makes them an exceptional find for any
serious collector or admirer of British tradition."
The rarest and most valuable 50p coins in circulation
Much like how the Beatrix Potter coin is a commemorative item, similar rarities will often be desirable for collectors.
It'll always depend on who you're looking to market your coin to when it comes to sell, as the amount buyers are willing to pay will vary from one to the next.
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One literature fan might be keen to spend hundreds just to get their hands on it, while another might only see the coin as worth its face value of 50p.
How to check if you have a rare coin
If you think that you might have a rare coin then it's worth checking with an expert to see if yours could sell for a hefty price tag.
The most valuable coins are usually those with a low mintage or an error.
These are often deemed the most valuable by collectors.
You can check how much the coin is selling for on eBay by searching the full name of the coin, selecting the "sold" listing and then toggling the search to "highest value".
It will give you an idea of the amount of money that the coin is going for.
But it's not always the case that a coin has sold for the amount is was listed for.
Coins are really only worth what someone else is willing to pay for them.
Sometimes, collectors are willing to pay more for a coin if they need it to complete a set.
Some key things to look out for on other coins, that might help you drive up the price too, would be a low mintage or an error that's apparent on the design.
If a coin has a high mintage figure then it's a bit easier to find one in your own wallet, but then it's not as sought after or rare.
You can check how much a coin will typically go for on eBay though.
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Sometimes a coin may not have sold for the amount it was listed for, and fakes circulate online too, so keep this in mind.
