Rare bug £1 coin sells for £378 on eBay

Collectors go crazy over buggy coins – usually because they’re so rare, but that doesn’t stop the average person from enjoying their change.

A glitched pound managed to fetch almost £400 as it matched a similar description and left bidders desperate to claim their own.

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Rare £1 coin sold on eBay for exactly £377.89 back in December, but not before it attracted the attention of 11 different contractors.

Between them, they placed 36 bids that skyrocketed the value of £1.

When the coin was listed on the online auction site, its starting price was actually less than face value, just 99p.

But it only took a week to increase the price 378 times.

When you look at the coin, the outline of the design on both sides seems to be slightly off center.

That means there’s also a nice domed effect on the back, which should stand out from other more conventional homogenous copies of the coin.

That’s because the coin has been struck outside of the necklace, which is the retaining ring that makes up the final diameter of the newly struck coin.

What happened is called a “widestrike” where the design extends beyond the diameter of a normal coin causing it to look skewed.

There was an error in the minting process for this to happen.

And it’s not uncommon either, because Royal mint produces between three million and four million coins per day, so mistakes will happen.

That being said, they will still be produced in low quantities, making them rare and therefore in demand.

Can I get an error?

Bug coins often go unnoticed as they will still pass through people’s hands as legal tender.

However, a coin like this could have been spotted from the crowd, due to its misleading sense.

Since it has a tough side, it could have been rejected from a vending machine or a parking meter – although grateful because after its eBay found out it was definitely worth more than a bar. cola, or two hours in town.

So you should definitely check your change to see if you have any that might attract a collector’s interest.

Sometimes Bidding war broke out on most highly searched copy so you can be a participant.

Same error 50ps sold to more than £500 ago, which shows how much collectors will be willing to raise the price when they come across a coin with a misleading design.

These, and other listing examples found on eBay, which can give you a good figure of how much you can earn.

But keep in mind that the buyer can always pull out of the sale, meaning the advertised coin won’t sell for what it says it is.

Yes counterfeiting to search as well.

Usually, you can determine if something is a real deal by the number of bidders willing to put their claim on it.

But change experts like Coin Hunter or Change tester will help you to verify if it is real.

They can also help put value on the coin if you’re looking to get listed, yourself.

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