eBay: 'Rare' Peter Rabbit 50p coin selling for PS465 - but beware for very important reason
From clothes to furniture, eBay is the place many people head to in order to pick up pre-loved items. Recently, one seller made the decision to part ways with an uncirculated Peter Rabbit 50p coin, choosing the website as the platform for making the sale. Listing the item at auction, the eBay user “diamondtrevor1980” posted a photo of the Peter Rabbit 50p coin. As well as a starting price of £465, the seller provided a description.
“Rare opportunity to buy your own real ever Rabbit half Whisker rare 5p,” they wrote.
Having claimed it was uncirculated, they later insisted it was circulated, as well as being a “collector’s item”.
“Used but in good condition, from the Beatrix Potter collection,” the seller penned.
Before making a purchase on a pricey coin online, it’s advisable to do your research, such as by asking for an expert’s thoughts.
So, what is known about the Peter Rabbit 50p coin - and is it rare?
The Royal Mint brought out this particular design as part of the 2016 range of coins celebrating the 150th anniversary of the birth of Beatrix Potter.
The reverse was designed by Emma Noble, and depicts the mischievous main character from the tale of Peter Rabbit.
The character’s name also features on the coin, which is made of cupro-nickel.
It has a mintage of 9,600,000.
Change Checker have put this figure into perspective, by ranking it on their scarcity index.
This stands at one on the index, meaning it is considered to be common.
The publication Spend It? Save It? What should you do?, by Phil Mussell and the production team of Coin News Magazine, have issued a warning about buying expensive “rare” coins online.
The guide addresses how some coins are listed for sale for a huge amount of money - despite being worth a lot less.
This can make some lower priced items seem like better value - making buyers more likely to spend their money on them.
However, this can mean that some buyers are still spending over the odds, as coins aren’t even worth the lower price tag.
Earlier this week, a “very rare” Olympic swimmer 50p coin was spotted being sold for £500.
Coins from the first release of this design can sell for hundreds, however the later 50 pence pieces are worth around £4.
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.
No comments:
Post a Comment