A coin collector has urged all Brits to spend this common 50p which has Queen Elizabeth’s face on it. He revealed how it’s been spotted with a £45,000 price tag
Do you own this 50p coin which has the late Queen Elizabeth II on the front? It’s no secret some rare coins are worth a lot of money, with various ways on how to spot a valuable piece in your change.
Sometimes you might see a coin with a staggering price tag online, but it’s not always what you think. Now one coin expert revealed a 50p which has been listed for £45,000 online features the late Her Majesty wearing a necklace that’s supposedly “worth big money”. However, before you get excited, the expert has issued an urgent warning for fake listings you see online. In a post with his 37,100 followers on Instagram, he said: “£45,000 FOR A 50p?!
“Queen with a necklace worth BIG money?! Let’s clear this one up properly… You might have seen posts claiming a 50p coin showing the Queen wearing a necklace is worth £45,000. It’s not true.”
Sharing the reason why it’s a scam, he added: “There is no rare ‘necklace’ error. There is no valuable variety linked to this. The Queen appears with jewellery on many standard UK coins.
“It’s part of the normal portrait design and nothing unusual or rare.” When revealing what it’s actually worth, the coin expert continued: “50p. That’s it.
“No special minting, no error, no secret version hiding in your change. Just another viral rumour that keeps doing the rounds – usually alongside fake listings and misleading photos.
“If you’ve got one, spend it… or keep it as a talking point.”
Be careful if you spot an expensive, rare or seemingly undervalued coin on sale. The most crucial rule is to approach with extreme caution as it could be a counterfeit or replica.
What to do if you spot rare coin online:
1. Verify authenticity: Have it checked to avoid any fakes, you can do this by reaching out to a professional dealership or coin expert.
2. Research the coin and seller: If you’re looking on eBay, it’s worth checking the sold tab rather than the listed ones as that shows what they’re genuinely flogging for.
3. Seek professional advice: Contact a local coin shop or a member of a professional organisation like the British Numismatic Trade Association (BNTA).
4. Precautions when buying: Never clean your rare coin as this can destroy a whopping 90% of its numismatic value. It’s also crucial to use secure payment methods, like PayPal, rather than wire transfers or cash. And check the return policy.
