A RARE error 20p has sold for over £90 on eBay – and it’s all because there’s something missing on the design.
The fault, that’s left the coin date-less, has meant it has sold for as much as 460 times its original face value – which would have otherwise been a mere 20p.
The rare coin sold on eBay on April 2, for exactly £92.
Four bidders put down 15 offers between them, as they battled it out to claim the unique copy for their own.
But there’s a reason it managed to fetch such a high price tag once bids ceased and the virtual hammer came down on the listing.
In November 2008 a number of 20p coins were minted incorrectly, and it meant they entered circulation with one glaring fault on the design.
READ MORE SUN STORIES
Rare and most valuable 20p coins that could be worth up to £750
Rare 20p error coin sells for £57 on eBay – how to spot one in your change
That mistake resulted in the coins being undated.
Less than 250,000 coins will have been affected.
But 136 million 20p pieces were minted around the same time frame, so that means coming across one of these rare error versions could be a once in a blue moon chance to get quids-in.
There is an explanation for the fault and The Royal Mint says it’s due to the previous obverse being used with the new reverse design, meaning the year of issue ended up not making it on the design at all.
Most read in Money
Tesco joins Iceland and Morrisons by rationing household staple due to shortages
Most valuable and rare vinyl albums worth up to £4,544 including Beatles
Amazon set to make MASSIVE change – and it’s good news for shoppers
Council tax rebate update – list of areas where £150 is hitting accounts THIS WEEK
But the coins are still legal tender, so there’s every chance it could crop up in your own change.
And that’s exactly what happened, when one eBay seller found the coin in their own pocket money and decided to sell it on, on the online auction site.
Is one hiding in your wallet?
Even the simplest mistakes found on a coins design could be worth a mint – so it pays to keep an eye out.
Collectors have spotted the same 20p error before and sold their copies for as much as £57 on eBay in the past.
It’s the same with limited edition designs that The Royal Mint officially releases with low mintage figures – like the Kew Gardens 50p or anything from the Beatrix Potter collection or the Olympic range.
Rare coins and valuable notes – is yours worth a mint?
- Five rarest coins – do you have one?
- The 13 most valuable £2 coins in circulation
- How valuable are the rarest £1 coins?
- Most rare and valuable 50p coins in circulation
- Rare and most valuable 20p coins that could be worth up to £750
- Rarest 10p coins in circulation
- Rare 2p coins revealed
- How to check if you have a rare and valuable banknote
Because less are circulating, they are deemed more scarce and valuable by collectors.
But experts warn that a number of fake coins often end up in circulation, so you have to be careful when you’re bidding online.
Change experts like Coin Hunter will help you verify if your rare finds are real, and they can help place a value on coins you come across.
You can scroll through other eBay listings to get a general idea of how much collectors are willing to pay too.
And usually you can determine if something is the real deal by the number of bidders who were willing to stake their claim on it.
Read More on The Sun
Harry Maguire given 72 hours to quit Man United or die in vile bomb threat
Inside Madeleine McCann suspect Christian B’s explosive TV interview from jail
We’ve often seen bidding wars break out on the most highly sought-after copies.
But keep in mind that a buyer can always pull out of the sale, which means it won’t have sold for the price that it may say it has.
We pay for your stories!
Do you have a story for The Sun Online Money team?
Email us at [email protected]
Source: Read Full Article