Brits are being encouraged to take a closer look at their loose change following the sale of a rare 50p coin for an astonishing £63,000. According to recent reports, more than three million new King Charles coins have been put into circulation this year, leading to the revelation that some collectors could be sitting on a small fortune in their coin collections. Research conducted by UK Debt Expert analysed eBay sales data from the past six months, unveiling the high prices vintage coins are fetching and identifying the most lucrative ones.
The most sought-after 50p coin was the 2020 Brexit edition featuring the inscription ‘peace, prosperity, friendship with all nations’. This particular coin has been sold for over £60,000 and also for £25,500, with the minimum price starting at £10,000. Commemorating the UK’s exit from the European Union, collectors are eager to add this coin to their collections. Meanwhile, a King Charles £5 note, introduced just this year, was purchased for a substantial £2,800 and is expected to increase in value over time. Similarly, £5 coins from the 2002 Queen Elizabeth’s Golden Jubilee series are currently being sold for up to £5,000, especially popular among millennials.
If you happen to stumble upon a penny from the 1970s, don’t overlook it as it could be valued as high as £7,500. Offering advice on maximising the value of vintage coins, Maxine McCreadie, a personal finance expert at UK Debt Expert, suggests taking stock of your collection: “As King Charles’ new coins are being circulated, now is the perfect time to assess your own collection and potentially convert them into cash. Some individuals may underestimate the worth of coins they have been given, such as the £5 coins from 2002. Whether you’re looking to make some extra money or simply intrigued by the potential value of your coins, it’s worth researching their current market value online.”
For anyone considering selling their coins, McCreadie recommends providing detailed descriptions and any authentication available to fetch the best prices. The market is ripe with hidden treasures waiting to be discovered in coin collections across the UK. So, before you hurry to spend your loose change, it might be worth checking if you’re sitting on a valuable vintage piece that could fetch a substantial sum.
In a nutshell, Brits are advised to sift through their coin jars as they could be unknowingly holding on to pieces worth a fortune. With the value of rare and vintage coins on the rise, it’s a profitable time for collectors to reassess their holdings and potentially cash in on their hidden treasures.