eBay: ‘Rare’ 50p coin selling for £600 – but you should watch out for an important reason

Coins are something which many people have great interest in – particularly when they’re of the rare variety. As with buying anything online, when it comes to coins, it’s worth doing your research before parting ways with your hard-earned cash. Where possible, that could even mean seeking some advice from a coin expert. That’s because some coins can be listed on sites such as eBay for a huge amount of money – such as this Benjamin Rabbit 2017 50p coin.

The 50p piece has been put up for sale by eBay user “jessica-r-t2012” with a starting price of £599.99.

On top of that, it has a £1.50 fee for standard first class delivery.

At the time of writing, the coin had no bids, but with it selling it auction, keen bidders may end up spending even more than this whopping price tag.

The coin itself makes a nod at the work of Beatrix Potter.

It was designed by Emma Noble, and depicts the character Benjamin Bunny.

This uncirculated item can be bought on the Royal Mint at the moment for £10.

The website Change Checker has said it has a mintage of 25,000,000.

It ranks the coin as common, with it coming in at one on the scarcity index.

However, it seems this coin has left some experts divided, as the team behind Spend it? Save it? What should you do? have offered some different estimations about what it could be valued at.

According to them, one could expect to pay £4 for it, although it is of course down to the buyer as to how much they’re willing to pay.

They also said that the Benjamin Bunny coin, struck in 2017, has a mintage of 11,300,000.

In the guide, a warning about buying coins online can be found.

It points out that not only can sellers pick the price tag, but that huge figures will make cheaper listings seem like a bargain.

This means that an item selling for around £20 seem more appealing – making the buyer more likely to make a purchase.

But, they could still be paying far more than it is worth – which is why it’s so important that you really consider your purchase being confirming you want to buy it.

READ MORE: eBay: ‘Very rare’ Johnson dictionary coin selling for £3k – why you need to watch out

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.

source: express.co.uk