On eBay, a rare Kew Gardens 50p coin sells for £250 – here’s how to find one in your pocket.
A RARE 50p, dubbed the Kew Gardens 50p by collectors, has sold for 500 times its face value.
Six days ago, the rare coin was sold on eBay for £250.
The coin design is one of the most difficult to come by, and if the right buyer comes along, it can sell for hundreds of dollars on the site.
Only 210,000 Kew Gardens 50ps were minted in 2009.
However, the low number only means that coin collectors are more eager to get their hands on a copy, and we’ve seen this factor drive up the price of bids in the past.
It’s also helped by the fact that the design is the most scarce in its own 50p category, according to coin collecting website Change Checker’s latest scarcity index.
The Kew Gardens coin also tops the Royal Mint’s rarest collection, having previously ranked third among all coins in the most recent update.
The Chinese pagoda from Kew Gardens, a popular London attraction, is depicted on the coin.
It was built to commemorate the 250th anniversary of the opening of the tourist attraction.
Eight bidders were interested in snagging the 50p because of its unique history and appearance.
They made 24 bids over the course of the three days the listing was active; it started at £50 and quickly rose to over £200.
While the coin’s value has soared well beyond its face value in this case, it has previously sold for even more – one bidder paid as much as £707, according to our previous research.
On November 3, one sold for exactly £370, while another sold for £281 in October.
However, the value of the coin can fluctuate from day to day; the coin was recently sold for £158.
You might find yourself quids-in if you find a coin with a unique design in your own change.
Not only is the Kew Gardens design in high demand, but so are a variety of other commemorative-style coins.
For example, we’ve seen a whole collection of rare Olympic 50p coins sell for more than face value on eBay.
Plus, rare error coins can be worth a lot of money because of their flaws – simple mistakes made during the minting process can sometimes skyrocket their value.
However, you should always be wary of fakes, as some con artists may try to defraud you by selling you phony copies.
Keep in mind that on eBay, a buyer could back out, resulting in the coin…
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