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Rare coins can be a hidden treasure, potentially worth hundreds or even thousands

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Release： 2024-09-18 21:15:14

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Some coins may have minting errors that could increase their value significantly. Recently, a 20p coin sold for more than 1,000 times its face value

Rare coins can be a hidden treasure, potentially worth hundreds or even thousands

Some rare coins can be worth hundreds or even thousands of pounds - and some may have minting errors that could increase their value significantly.

Recently, a 20p coin sold for more than 1,000 times its face value after a week-long bidding war on eBay. The coin, minted in 1983, was mistakenly struck onto a copper-coloured blank, resulting in an extremely rare bronze 20p.

The intrigued seller sent it to the Royal Mail for evaluation in 2016.

The coin then fetched a substantial profit from five buyers with a total of 28 bids when it was listed on eBay, according to the Mirror.

It eventually sold for £232, over 1,000 times its face value.

If you're ever unsure about the value of a coin, it's always worth consulting experts. In this case, the collector decided to send it off to the Royal Mint, where they discovered its high value.

Anyone can list a coin on eBay and set their own price, but it's advisable to do some research first.

The value of a coin can depend on various factors, such as minting errors or rarity.

Mistake-minted coins can fetch a hefty sum, with collectors willing to pay top money.

If you're sitting on error coins, you might strike it rich by selling them off at auction, slinging them online, or trading with a coin dealer.

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A coin's worth wobbles depending on factors like current demand and scarcity.

In a recent flurry of activity, a "very rare" 50p caused a bidding war with over 32 offers before being snapped up for an eye-watering £165.

Minted in just 210,000 copies since its 2009 release, this 50p depicting the Chinese Pagoda at Kew Gardens is a hot commodity among millions of British hunters keen to snag one.