The coin, which features an Atlantic Salmon and was released into circulation late last year, is thought to be one of the rarest in existence due to its low mintage.
A new 50p coin could be worth a small fortune, according to a coin expert.
The coin, which features an Atlantic Salmon and was released into circulation late last year, is thought to be one of the rarest in existence due to its low mintage.
TikTok coin enthusiast @thecoincollectoruk revealed in a recent video that these scarce 50ps are currently fetching around £50 on eBay and Facebook coin collector groups, making it the second most valuable 50p behind the Kew Gardens coin.
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He further explained: "It's believed that the [version of the Salmon 50p] in circulation could have a mintage as low as half a million - making it one of the rarest 50p of all time. The hype around this coin keeps getting bigger, and with that the price increases."
The value of the Atlantic Salmon coin could potentially rise to around £100, the expert speculated. However, he also warned that the value could plummet when the Royal Mint announces mintage figures, if they turn out to be higher than currently rumoured.
Therefore, if you're lucky enough to find one in your change, you'll need to decide whether to cash in now or hold onto it in the hope its value continues to increase.
One TikTok user commented on the video saying: "Salmon fever is a real thing." While another boasted: "I just sold 9 of them and have 10 on the way."
The ultra-rare Kew Gardens 50p, which was released in 2009 to commemorate the 250th anniversary of the iconic London landmark, is a hot commodity among coin collectors. With only 210,000 minted, the standard version can fetch up to £250. A gold-proof version of this coin recently fetched a staggering £7,000 at auction.
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