The bidding site, eBay, is a great place to grab a cheap deal but there are also more expensive items on offer. Among the products on offer, there are a number of commemorative coins on sale on the website, but some of these are selling for a highly marked up price. Recently, a Peter Rabbit 50p coin was put on sale for £1,500 by the user “leonie270287”. The coin is described as “rare” but this may not be the case and bidders should be careful before they part with their cash.
The fifty pence piece is currently selling for £1500 and has been uploaded along with three photos of the coin.
It is described as a “PETER RABBIT Beatrix Potter 2016 RARE 50p Coin half WHISKERS Fifty Pence”.
As well as paying out for the huge asking price, potential bidders will also be faced with a £1.77 delivery charge, which will send the coin by Royal Mail Signed for first class letter.
The coin on offer is from the Beatrix Potter collection, which was first released in 2016 to celebrate the 150th anniversary of the author’s birth.
The coins proved to be very popular and new versions have been brought out every year since.
Although the pieces are popular with many coin collections, they are not necessarily rare or worth as much as the asking price would suggest.
In fact, the coin on offer could be worth just £4 and has been given this valuation by experts at the coin publication, Spend It? Save It? What Should You Do?
The coin has a mintage of 9,700,000, according to the coin website, Change Checker.
This ranks the coin as one on the Scarcity Index, which means it is classed as “Common” and not rare.
The coin is also available to buy from the Westminster Collection website for £12.99.
This price may be higher than some valuations, but it is still considerably less than the eBay user is asking for it.
Checking with a coin expert would be wise before making a purchase and shopping around could get coin collectors the best deal.
Prices on eBay are set at the discretion of the seller, which means things can sometimes go for more than they are worth.
Recently, an Aquatics swimmer Olympic 50p coin was selling for £97.01 after getting the interest of a few bidders.
However, this coin is believed to be worth just £4.
Another Peter Rabbit 50p coin also appeared online for £890 despite having a much smaller value.