eBay: ‘Very rare & sought after’ 50p coin selling for £575 – why is it so expensive?

When it comes to rare coins, collectors from across the globe are often willing to spend more than the value listed on the item.

That seems to be what one eBay user is hoping for, after they listed their Battle Of Hastings 1066 50 pence piece on the website recently.

The coin was released in 2016, and according to the seller, it is “super” and “very rare”.

The eBay user, “jason32debbie” is selling the coin outright for a whopping £575 complete with free postage and packaging, however, they’re also accepting other bids on the item.

The 50p piece was created by the Royal Mint to mark the 950th anniversary of the Battle of Hastings.

The commemorative coin features the name and date of the battle, as well as a scene depicting the famous event.

It was designed by sculptor John Bergdahl, who was inspired by the Bayeux tapestry for the work.

Speaking of the coin, he said: “The Bayeux Tapestry formed the inspiration for my design, as it is the only real visual record of the battle.

“The figure I have used in the composition is based on images thought to be King Harold, with the famous arrow to the eye.”

While the coin has been listed as “very rare”, a large amount of this particular designs made their way into circulation in 2016.

In fact, the coin had a mintage of 6,100,000.

What’s more, it seems that it’s not one of the scarcest coins out there, as the website Change Checker have ranked the 50p with a scarcity index of one.

The seller has described the coin as: “Super very rare collectable Battle Of Hastings 1066 50p pence piece. 2016.

“This is the sort after coin on eBay, recently sold at high prices, get a bargain and make a profit.”(sic)

Another coin which has made headlines is a Peter Rabbit 50p piece – which has been listed on the auction website for a sale price of £1,000.

This commemorative coin was created as part of a Beatrix Potter collection back in 2016.

So, why is this 50p selling at such a high price?

The design was initially worth £10, but sold out very shortly after its release.

This means that collector’s may be more willing to shell out on the hard to come by item.

And, despite the huge price tag, there certainly seemed to be interest in the coin earlier this week – as 143 users had chosen to “watch” the listing.