eBay: ‘Very rare’ Peter Rabbit 50p coin has sold for £1000 – why is it so expensive?
The bidding site, eBay, can be a great place for coin collectors to get their hands on a commemorative product. If hoping to buy a special coin, there are plenty on offer although many of these are on sale for much more than face value. One Beatrix Potter Peter Rabbit 50p coin first released in 2017 recently sold for a huge £1,000 on the site. It was described by the seller as “very rare” which could explain the huge asking cost, but was it actually worth so much?
eBay: Beatrix Potter Peter Rabbit 50p coin sold for £1,000
The coin on offer was the Tale of Peter Rabbit 50p coin, and the seller, “abcat-25” described the coin as “very rare”.
Beatrix Potter commemorative coins were first released in 2016 to mark the 150th anniversary of the author’s birth.
Since then, new versions of the coins have been released each year, with the most recent batch coming out last month.
Although these coins are appealing to many collectors, they are not necessarily rare or worth much money at all.
The seller gave the item the starting price of £1,000 and managed to sell it for that price when two bidders made a matching offer.
The winning bidder should receive their coin within 3-4 days and it is being sent via Royal Mail First Class Large Letter.
Despite being branded as “very rare” the coin has a mintage of 19,300,000 and it was ranked one on the scarcity index by the coin website, Change Checker.
According to the website, this rating makes the coin that was designed by Emma Noble “common”.
What’s more, experts at the coin publication Spend It? Save It? What Should You Do? have given the coin a value of just £4.
This is a far cry from what the coin has been bought for and it is recommended those looking to buy a commemorative check with a coin expert before doing so.
Although they may not be worth it, commemorative coins are often uploaded to eBay for much more than they are worth.
The price of a product on eBay is at the discretion of the seller so may not always reflect the actual value.
Similar coins have recently been selling for much more than face value and one 50p coin was put on sale for £950.
This coin was from the 2016 collection of Beatrix Potter coins but is thought to be worth just £4.
A Beatrix Potter Tailor of Gloucester coin from the 2018 collection was recently put up with the price tag of £899.
The coin is probably worth a lot less as it is available to buy from Change Checker for just £3.99.
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