Whether you’re in search for a vintage item or you’re looking to buy pre-loved products in order to access cheaper price tags, there’s plenty of reasons why you may head to eBay. Coin collectors may also choose the website as a destination to buy and sell pieces of loose change, too. But, with a plethora of coins available for purchase, it can be hard to know which one to buy – or bid on. Recently, the eBay seller “cyberpunkwasteland”, has claimed that not only is their Battle of Hastings 2016 coin is “rare”, but they’ve also suggested it could bring its new owner “luck”.
But, prospective buyers should be aware that it could set them back a huge amount of money.
That’s because it currently has a ‘Buy it now’ price of £4,888.88.
The seller will ship worldwide for free, via economy delivery.
So, what is this so-called “rare” coin worth, and is it really lucky?
The buyer has posted a series of photos of the coin in question, as well as some information about the Battle of Hastings, which the 50p coin was released in order to commemorate.
They’ve also written: “LUCKY 2016 50P COIN BATTLE OF HASTINGS RARE FIFTY PENCE Uncirculated New.”
However, it’s not clear why this coin would be lucky, nor what makes it rare.
This 50p piece was issued in 2016, with a mintage of 6,700,000.
According to Change Checker, it ranks at one on the scarcity index, which makes it common.
Designed by John Bergdahl, this design is inspired by the Bayeux Tapestry.
It marks the 950th anniversary of the historic battle which led to King Harold II being defeated by William the Conqueror.
The publication Spend it? Save it? What should you do? estimates the coin to have a value of £2.
The book, by Phil Mussell and the production team of Coin News Magazine, explains that sellers are often able to pick their own selling prices when listing coins online.
Sometimes, this means that lower priced coins – which are still selling for more money than they’re worth – can seem more appealing.
As a consequence, some people can be tempted to pay over the odds on a supposedly “rare” coin.
Which are the rarest £1, £2, 50p, 20p, 10p and 2p coins?
Rarest £2 coins
The rarest £2 coin is the 2002 Commonwealth Games NI coin with 485,500 in circulation. This is followed by the 2002 Commonwealth Games Wales which has 588,500 in circulation.
Next up is the 2015 Navy, and there are 650,000 in circulation.
Rarest £1 coins
The most rare £1 coins are all part of a series celebrating the British capitals.
The rarest of these is the 2011 Edinburgh coin, with 935,000 in circulation. Of the 2011 Cardiff coins there are 1,615,000 in circulation, while the 2010 London coin has 2,635,000 in circulation.
Rarest 50p coin
The rarest 50p coin is the Kew Gardens coin, which is also the rarest coin in circulation. It there were only 210,000 minted.
The football Olympic 50p coin has 1,125,500 in circulation, and the wrestling coin has 1,129,500 in circulation.
It is not so easy to evaluate the rarest 20p coins, 10p coins and even 2p coins as exact circulation figures are not known.
However, various versions of the coins are known to sell for large sums.
These include the dateless 20ps, which are actually part of a run from 2008. There may be between 50,000 and 200,000 of these coins in circulation.
The 1983 ‘New Pence’ 2p coin can also sell for a huge sum, up to £650.