A 50p Kew Gardens RARE tree is selling on eBay for almost 400 times its face value.
rare 50p sold last month for £185, 370 times more than the face value printed on its design.
An auction war broke out between collectors who wanted to get their own “rare genuine coin”.
A total of 32 offers placed by 11 different bidders raised the asking price to £9.99, when listing began seven days earlier.
It’s no surprise that this coin attracts so much attention, as it is one of the most sought after coins in the coin collecting circuit.
Only 210,000 were minted in 2009 when this coin was in circulation and in the years since we have seen copies sold for hundreds of pounds.
50p features an image of London’s famous landmark, Kew Gardens, depicting a Chinese temple towering over the city’s attraction.
While assuring potential buyers that the coin is genuine, the seller also describes how the coin is “a must-have for anyone’s collection”.
Rare coins and valuable banknotes
We’ve seen it before too, most recently a similar copy on sale for £155 on eBay after the bidding war broke out and the asking price skyrocketed.
The reason they do so well on the online auction site is due to the high demand for such a rare coin.
Bidders will consider these types of highest specifications when they bid and want to add the coin to their own collection.
How else would I make a mint from a coin like this?
It’s easy to spot a coin in your change that could get you in trouble.
Usually coins will be generated and special design to celebrate an occasion or period in history.
Kew Gardens 50p was designed to celebrate the 250th anniversary of the London-based botanical space.
There is a whole rare 50p Olympic coin collection was also made to commemorate the London 2012 matches.
The Royal Mint won’t release endless quantities to keep them rare and special, so coin hunters are constantly on the lookout for the next coin to complete their collection.
It’s not just these specially made coins, because it’s rare error coin can also earn a pretty penny for their error.
You should always be cautious counterfeiting although they are usually visible online.
If you are searching for a rare coin on the market yourself, check if something is a real deal by seeing how many people have been willing to bid for it in the past – and they It also drives up prices.
However, always keep in mind that on eBay, buyers can cash out, which means the coin won’t sell for the price it appears to be.
Rare coins and valuables – is yours worth a penny?
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https://www.thesun.co.uk/money/16952956/kew-gardens-rare-coin-50p-collectors/ Rare Kew Gardens 50p coin sells for £185 on eBay