Published On: Fri, Aug 30th, 2019

eBay: ‘Rare’ Beatrix Potter 50p coin selling for a whopping £3,500 – buyers must beware

Commemorative coins are of great interest to a number of people and some may turn to the website eBay to find coins for their collection. The auction lists hundreds of supposedly “rare” coins on a daily basis. One such piece is this Beatrix Potter coin, which was recently posted on the site with a starting price of £3,500. The piece is being sold by eBay seller “kordakrank”, who has a 100 per cent positive feedback rating. The seller is providing free delivery with the purchase, which could be delivered within a week.

How rare is it?

The piece on offer is the Beatrix Potter 150th anniversary coin from the 2016 collection.

Beatrix Potter coins were first released in 2016 to mark the anniversary of her birth and new ones have been issued each year since popularity.

This year, the 2019 Peter Rabbit 50p coin – which is the fourth coin to feature the much-loved Children’s character – was released.

The reverse of the coin features an original illustration of Peter Rabbit by Beatrix Potter that has been engraved by Royal Mint coin designer, Emma Noble.

The obverse of the coin shows Her Majesty the Queen by Royal Mint engraver Jody Clark.

The seller described the 50pence piece as “very rare” but this might not actually be the case.

The coin has a mintage of 6,900,000 meaning there were millions of the coins originally produced.

The website, Change Checker, gave the coin the rating of ‘two’ on the scarcity index, which makes it common.

The coin is also available to buy on the Westminster Collection website for £12.99.

While the coin might not be worth £3,5000, in the coin publication Spend It? Save It? What Should You Do?, experts explained that sellers are well within their right to list coins at whatever price they choose.

The experts found that high price tags can make more affordable listings seem much more appealing, which could explain why some coins sell for as high as £6,000.

More often than not, the coins aren’t even worth that, so the buyer still ends up paying more than it is worth.

Nevertheless, they warned buyers, saying: “So remember – just because a coin is listed at a certain price that doesn’t mean it is worth it and just because something seems to have sold for a certain amount that doesn’t mean it actually did.”

A 2019 Sherlock Holmes 50p coin was recently listed on the site for £3,000.

Branded “rare” by its owner, the current seller – “vadjam_38” – suggested a starting price of £3,010.

On top of the high selling price, the seller has asked that the buyer pay an economy delivery fee of £1.32.

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