Most valuable 50p coin revealed after selling for 12,000 TIMES its face value – check exact error to watch out for --[Reported by Umva mag]

COIN collectors and loose cash carriers have been urged by experts to check their change as they might be able to bag a fortune. The rare mistake has revealed the most valuable 50p according to UK Debt Expert which anyone could have hiding down the back of their sofa. GettyA variety of British coins could offer a small fortune up for grabs due to rare mistakes when they were minted[/caption] PAHM Treasury Brexit coin, a 50p bearing the inscription ‘Peace, prosperity and friendship with all nations’[/caption] Collectors have marvelled over the 2020 coin which marked the UK’s exit from the European Union. Those keeping their eyes peeled will need to be on the lookout for the reverse side that reads: “peace, prosperity and friendship with all nations.” Previously selling for over £60,000, the smallest fortune has still guaranteed the owner a healthy sum with a £10,000 minimum selling price in the past, according to HullLive. Over 10 million of the Brexit coins were original minted but collectors have been snapping them up, making the chances of finding them even rarer. Some of the coins have even been found to have further unique errors, driving the price they can be sold for even higher. Is your small change worth a fortune? IF you think that you might have a rare coin then you might be able to make a real mint. The most valuable coins are usually those with a low mintage or an error. These are often deemed the most valuable by collectors. You should check how much the coin is selling for on eBay. Search the full name of the coin, select the “sold” listing and then toggle the search to “highest value”. It will give you an idea of the amount of money that the coin is going for. You can either choose to sell the coin on eBay or through a specialist like ChangeChecker.org. If you choose the auction website then remember to set a minimum price that is higher or at the very least equal to the face value of the coin. Even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough up. It its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality. The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy. Meanwhile, experts revealed how £5 coins are currently on the market for one thousand times their original. The 2002 Queen Elizabeth’s Golden Jubilee coin has been spotted on sale for £5,000. Whilst a penny from the 1970s could be worth as much as £7,500. Personal finance expert, Maxine McCreadie told ChronicleLive: “As King Charles’ new coins are issued across the UK, there’s no better time to have a look at your own collection and see what can be turned into cash. “Some people may not realise what they might have if they were gifted a coin, such as millennials whose parents may have purchased a £5 coin for them in 2002. “If you have any old coins from last year or 30 years ago, check online to get an idea of how much they have recently sold for, and make sure to mention any specific designs. “When selling, ensure to include any authentication you have and a full description of the item. “Whether you’re looking to try and make a little extra money or simply intrigued by the potential value of your coins, it could be worth checking their value online.” What coins should I be looking for? AMATEUR coin collectors or those hoping to nab a bit of extra cash might not know where to start looking. Here are some of the coins that have sold for the highest amount of eBay over the last six months according to the experts: ‘Peace, prosperity and friendship with all nations’ 2020 50p: £63,000 Queen Elizabeth II 2006 50p: £55,000 WW1 design 2016 £2: £50,000 1807 abolition of slavery design £2: £40,000 Standard 1p design from 1971: £7,500 Commonwealth Games Queen Elizabeth 1986 £2: £6,100 Elizabeth II Golden Jubilee 2002 £5 coin: £5,000 King Charles 2024 £5 note: £2,800 Prince Philip £5 gold coin: £2,675 Queen Elizabeth II 2002 £5 gold coin: £2,600

Sep 22, 2024 - 11:57

Most valuable 50p coin revealed after selling for 12,000 TIMES its face value – check exact error to watch out for --[Reported by Umva mag]

COIN collectors and loose cash carriers have been urged by experts to check their change as they might be able to bag a fortune.

The rare mistake has revealed the most valuable 50p according to UK Debt Expert which anyone could have hiding down the back of their sofa.

a pile of coins including one that says two pounds

A variety of British coins could offer a small fortune up for grabs due to rare mistakes when they were minted[/caption]

a coin that says peace prosperity and friendship with all nations

HM Treasury Brexit coin, a 50p bearing the inscription ‘Peace, prosperity and friendship with all nations’[/caption]

Collectors have marvelled over the 2020 coin which marked the UK’s exit from the European Union.

Those keeping their eyes peeled will need to be on the lookout for the reverse side that reads: “peace, prosperity and friendship with all nations.”

Previously selling for over £60,000, the smallest fortune has still guaranteed the owner a healthy sum with a £10,000 minimum selling price in the past, according to HullLive.

Over 10 million of the Brexit coins were original minted but collectors have been snapping them up, making the chances of finding them even rarer.

Some of the coins have even been found to have further unique errors, driving the price they can be sold for even higher.

Is your small change worth a fortune?

IF you think that you might have a rare coin then you might be able to make a real mint.

The most valuable coins are usually those with a low mintage or an error.

These are often deemed the most valuable by collectors. You should check how much the coin is selling for on eBay.

Search the full name of the coin, select the “sold” listing and then toggle the search to “highest value”.

It will give you an idea of the amount of money that the coin is going for.

You can either choose to sell the coin on eBay or through a specialist like ChangeChecker.org.

If you choose the auction website then remember to set a minimum price that is higher or at the very least equal to the face value of the coin.

Even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough up.

It its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality.

The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy.

Meanwhile, experts revealed how £5 coins are currently on the market for one thousand times their original.

The 2002 Queen Elizabeth’s Golden Jubilee coin has been spotted on sale for £5,000.

Whilst a penny from the 1970s could be worth as much as £7,500.

Personal finance expert, Maxine McCreadie told ChronicleLive: “As King Charles’ new coins are issued across the UK, there’s no better time to have a look at your own collection and see what can be turned into cash.

“Some people may not realise what they might have if they were gifted a coin, such as millennials whose parents may have purchased a £5 coin for them in 2002.

“If you have any old coins from last year or 30 years ago, check online to get an idea of how much they have recently sold for, and make sure to mention any specific designs.

“When selling, ensure to include any authentication you have and a full description of the item.

“Whether you’re looking to try and make a little extra money or simply intrigued by the potential value of your coins, it could be worth checking their value online.”

What coins should I be looking for?

AMATEUR coin collectors or those hoping to nab a bit of extra cash might not know where to start looking.

Here are some of the coins that have sold for the highest amount of eBay over the last six months according to the experts:

‘Peace, prosperity and friendship with all nations’ 2020 50p: £63,000

Queen Elizabeth II 2006 50p: £55,000

WW1 design 2016 £2: £50,000

1807 abolition of slavery design £2: £40,000

Standard 1p design from 1971: £7,500

Commonwealth Games Queen Elizabeth 1986 £2: £6,100

Elizabeth II Golden Jubilee 2002 £5 coin: £5,000

King Charles 2024 £5 note: £2,800

Prince Philip £5 gold coin: £2,675

Queen Elizabeth II 2002 £5 gold coin: £2,600

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