When it comes to buying a rare coin online, it’s important to make sure you do your research. And, where possible, it could be worth seeking advice
When it comes to buying a rare coin online, it’s important to make sure you do your research. And, where possible, it could be worth seeking advice from a coin expert. That’s because, some coins can be listed for sale for a huge amount of money – so it’s often wise to make sure you’re all clued up before splashing out on the item. Recently, a 50p coin of the Jeremy Fisher variety was listed on eBay for a staggering starting price of £350.
The seller, who goes by the name “vrsjo”, has claimed the 50 pence is “extremely rare” as well as a “collectors item”.
Putting it up for auction, the eBay user decided to list it for £350 on the website.
There’s also a £1.40 postage fee, which the seller says includes standard delivery.
In the description, they wrote: “Extremeley Rare 50p JEREMY FISHER Coin. Dispatched with Royal Mail 1st Class Large Letter.
“Excellent condition for age. Collectors item.”(sic)
So, what is known about this coin – and how much is it really worth?
This coin was issued by the Royal Mint in 2017, as part of a celebration of the 150th anniversary of Beatrix Potter.
Designed by Emma Noble, it depicts the character Mr. Jeremy Fisher on one side.
It has a mintage of 9,700,000.
And, according to Change Checker, this coin ranks at one on the scarcity index – making it common.
While it’s up to the buyer how much they’re willing to pay, the writers behind Spend it? Save it? What should you do? have valued this design at £4.
The publication, written by Phil Mussell and the production team of Coin News, has also reported a warning which buyers should be aware of.
Discussing the issue of buying coins in an online auction, the team explained how it’s easy for a seller to pick the price tag of their choice.
However, this can make other items – which are selling for a smaller amount yet still higher than its actual value – seem more appealing.
As such, this means that buyers can still end up spending over the odds on a coin they’ve bought online.
READ MORE: ‘Genuine, rare’ Kew Gardens 50p coin selling for £350 – its real value is surprising
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.