Commemorative coins are brought out to help recognise a special occasion. While these are of great interest to many people, they do not always come cheap. A Paddington Bear 50p coin has been listed on eBay for £6,500, but is it worth it?
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The coin on offer was listed along with two pictures on eBay by the user “tiker0113”.
They shared the 2018 coin which featured a drawing of Paddington Bear at Paddington Station, London.
It was given the whopping price tag of £6,500, and was described as “rare”.
Those hoping to get their hands on the item could possibly grab it for less, as the seller explained they were open to offers.
Buyers would also be treated to free standard delivery but no returns would be accepted.
The coin on offer is part of a collection of 50 pence pieces featuring the children’s character.
Originally released in 2018, it was brought out with one other to mark the 60th anniversary of the book, A Bear Called Paddington.
It was released with a 50p coin featuring the children’s character outside Buckingham Palace.
The Royal Mint website said: “Every detail has been considered on the coin, from Paddington’s famous duffle coat to the label around his neck that reads ‘Please look after this Bear. Thank You.’
“The design appears on this official UK 50p coin, which is finished to Brilliant Uncirculated standard, and comes in a bright folder for you to display and find out more about how Paddington’s story began.”
The coin is described as “rare” by the seller, but this is not necessarily the case.
In fact, it was listed on the Royal Mint website for just £10, although it is now sold out.
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It can also be bought on the Westminster Collection website for a reasonable £12.99.
According to the coin website, Change Checker, it has a high mintage of 5,001,000.
The website also classed the piece as “common”, not rare, and gave it the ranking of “two” on the Scarcity Index.
Experts at the magazine, Spend It? Save It? What Should You Do? suggested the coin is actually worth only £5.
The magazine also issues a warning about coins with a high price tag.
It said: “Sometimes what happens is someone will list a coin for £1,000 knowing they won’t sell it, but then list a similar coin for a much lower price (say £25).
“It won’t even be worth the £25 but as someone has seen it online for £1,000 they end up with a coin that’s worth just face value because they were too caught up with thinking they have bought something cheap.”
Although commemorative coins are something collectors may want, they do not always need to splash out for one.
A coin is only worth as much as the buyer is willing to pay, but shopping around could get a better deal.
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