Check your change for this Queen Elizabeth II coin which was released to mark 25 years of Her Majesty’s historical reign. Now one collector issued an urgent warning over the piece
You never know when you’re sitting on a fortune but checking your change can hopefully reveal some hidden gems. Rare coins are all the rage right now and certain designs are certainly worth more than face value, like the Kew Gardens 50p.
Now people are finding a Queen Elizabeth II coin which is listed for £70,000 online. The piece was released to celebrate 25 years of Her Majesty’s reign back in 1977. The late Queen, who died on September 8, 2022, at the age of 96, was the longest-serving monarch who reigned for over 70 years until her death. And now the 1977 Silver Jubilee Crown was made to celebrate her historic life with millions in circulation.
But collectors have spotted this specific coin on the market for £70,000, although one expert has issued an urgent warning over its hefty price tag. Instagram user @CoinCollectingWizard told his 37,100 followers: “People have this coin for sale for £70,000.”
He added: “This is the 1977 Silver Jubilee Crown made to celebrate 25 years of Queen Elizabeth II’s reign. It’s a gorgeous coin and you might even have one lying around at home, but here’s the twist.
“People are listing these coins for absolutely ridiculous prices online, £70,000 for one of these. Are they made with solid gold or sprinkled with Royal magic, nope.
“They’re just cupronickel and here’s the kicker… Over 17million were minted, that means almost everyone and their nan has one.
“So why are people listing them for these crazy prices?”
According to the collector, people can slap a massive price on a listing and hope someone falls for it. But listing a coin for £70,000 doesn’t mean it’s worth that.
He explained: “If you actually check the sold listings on eBay, you’ll see what these coins are really going for. Most of them sell for £1, yup not quite like life-changing money.”
How to spot a rare coin?
Low mintage: The fewer coins produced, for example the Kew Gardens 50p, the rare it will be. Check The Royal Mint for mintage figures.
Errors: Mistakes during minting, for example ‘no S’ mint mints, significantly increases value.
Design and popularity: Commemorative designs or figures are often more popular.
Date and age: Coins before 1800 are often rare, but even 19th/20th-century coins have plenty of value.
Metal content: Gold, silver or platinum provide a base value.
Condition: Coins in mint condition means higher value, avoid touching it with your fingers.
Speak to a professional: Get expert advice on you’ve found a coin who can have it valued for you.
