Coin collecting is a much-loved hobby for many people. And, whether it’s in an online auction or at a coin show, some items go up for sale for a huge amount of money – while others may be picked up for a bargain price. This seems to be the case on eBay this week, as the seller “joabo-93” has listed a 2016 Peter Rabbit 50p coin for an astonishing amount of money.
There are currently no bids on the item, but the eBay user has suggested a starting price of £350.
They have also posted two photographs of the coin, and stated that it would be dispatched via a first class letter.
This would cost the buyer £1.50 in standard delivery fees.
As well as calling it “very rare”, the seller has said that this coin has an error.
“Printing error 10.5 whiskers Coin Hunt,” the description reads.
So, what is known about this coin?
It was released in 2016, with the coin marking the 150th anniversary of Beatrix Potter.
The coin was designed by Emma Noble, and depicts the mischievous character Peter Rabbit from the Tale of Peter Rabbit.
According to Change Checker, the circulating mintage stands at 9,700,000 – meaning it ranks at one, or common, on the scarcity index.
The publication Spend it? Save it? What should you do? reports that the mintage is 9,600,000, and values it at £4.
The brilliant uncirculated design could previously have been bought from the Royal Mint for £10, but they’re no longer available on the website.
When buying coins online, the team behind the guide have issued a warning.
In the publication, they explore how it’s the seller who picks the price of the coin – and this may be for more than its actual worth.
What’s more, whopping price tags will make other coins seem like a bargain, even if they’re still selling for more than their actual value.
“The only sure way to not get caught out is to find out exactly what the coin you want it worth,” they advise.
“Shop around, talk to other collectors and read bookazines like this – that way you’ll know exactly what you should be paying if you can’t find the coin you want in your change.”