The 50p coin has been slapped with a huge price tag but one collector issued a major warning ahead of the listing online. So do you have one of these pieces in your stash?
It can be exciting learning your one penny coin is the “rarest in UK history” and worth a staggering fortune. Rare coins are based on a lot of things, from mintage, condition to their historical purpose.
While some could flog for an eye-watering jackpot, others, not so much. Now just because you see a coin listed for thousands online, it doesn’t mean its value is actually true. One coin collector issued a major warning to his 30,800 Instagram followers about the 50p which features King Charles III on the obverse. In a post, user @CoinCollectingWizard described the Memorial coin.
He said in the video: “King Charles 50p coin – look at that price.
“This 50p is the Memorial 50p coin from 2023 and was the first 50p to have King Charles on the obverse.”
But he quickly warned: “Think this 50p is worth a fortune? Don’t fall for the hype.
“Let me tell you the real truth about the Queen Elizabeth Memorial 50p.”
The user added: “Millions of these coins were minted, 4.9million to be exact that means it’s not rare at all.
“Some people list them for thousands, hoping someone falls for it but when you check the actual sold prices, most just go for 50p to a few pounds.
“So if you see one in your change it’s cool to keep but don’t expect to get rich, check sold prices before buy or sell.”
The 50p coin was minted to celebrate the life and legacy of Britain’s longest-reigning monarch, the late Queen Elizabeth.
It was struck to honour the Queen and the monarch personally approved it with the first definitive coinage portrait of His Majesty The King to feature on the obverse.
Meanwhile the reverse design features the 1953 Coronation Crown coin in a poignant tribute to the late royal. It comes in Brilliant Uncirculated standard.
It’s worth noting there are about 4.9million of these coins in circulation which makes it the same as face value or a little more.
Before you buy or sell your own change, it’s always worth getting a second opinion.
You can have your coins valued and then a professional could advise on whether it’s worth selling or holding onto.