eBay: ‘Very rare’ Peter Rabbit 50p coin selling for £1290 – but you must watch out
Beatrix Potter commemorative coins were first released in 2016 and there been new ones released each year since. For those hoping to get one of their own, eBay can be a good place to start as there are plenty on offer. However, some of these are put on sale at a highly marked up price and bidders should watch out. A Beatrix Potter Tale of Peter Rabbit coin was recently selling for over £1000 on eBay, but potential bidders should be careful.
eBay: ‘Very rare’ Beatrix Potter Peter Rabbit coin is selling for £1290
The eBay user, “dove01r” uploaded the 50 pence piece onto eBay with the Buy It Now price of £1,290.
The coin is described as the Tale of Peter Rabbit 50p from 2017, and the seller revealed it is circulated and “very rare”.
Beatrix Potter coins were first released in 2016 to mark the 150th anniversary of the author’s birth.
Coins from the collection were designed by Emma Noble, and the one on offer is from the second batch of the coins released.
For those hoping to get their hands on the coin, they will be treated to free economy delivery, which will send the coin by 2nd class mail.
Although the coin is on sale for a whopping sum of money, potential buyers must watch out as it might be worth much less.
According to the website, Change Checker, the coin has a mintage of 19,300,000, which means that is how many of the coins were originally released.
It has also been ranked as one on the scarcity index, which means it is common, and not rare as the seller would suggest.
What’s more, experts at the publication Spend It? Save It? What should you do?, explained the Tale of Peter Rabbit 50p is actually worth around £4.
When it was released, buyers could get their hands on the coin for just £10 from the Royal Mint, although they have now sold out.
Still, the coin appears to be worth much less than the selling price online and those hoping to add the coin to their collection may be able to get a better deal if they shop around.
Checking with a coin expert to get a valuation is also recommended before parting with so much cash.
The 2017 Peter Rabbit coin on sale is not the only one selling for more than face value, as there are other similar coins on eBay which will set buyers back.
A “rare” 2017 Sir Isaac Newton 50p coin was recently put up on eBay for £450, although this is worth just £2.
It came shortly after an eBay user listed a Benjamin Bunny 50p coin for £500.
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