30 June 2020 14:38
Rare Battle of Hastings 50p coin sells for whopping £67k on eBay The rare coin is worth thousands so it's worth checking to see if you have one. Picture: Getty / eBay You never know, you might have one of these down the back of your sofa! Have any unique-looking 50p coins in your purse? Well it might be worth looking into them as you could make an absolute mint! A very rare Battle of Hastings 50p coin has sold for an incredible £63,100 on eBay following a fierce bidding war amongst collectors on the website.
READ MORE: All of the rarest coins around in the UK The bidding war for the coin was fierce. Picture: eBay This particular 50p coin is one of 6,700,000 in circulation (which doesn't even sound that rare?!) and it ended up selling for more than 126,000 times its original value. The Battle of Hastings 50p was created back in 2016, to mark a whopping 950 years since the famous battle occurred in 1066 between William the Conquerer and King Harold II. The back of the coin features the drawing of King Harold with an arrow through his eye, taken from the Bayeux Tapestry. Coins are considered far more valuable if they haven't been in circulation and are in pristine condition, but this particular one that recently sold on eBay had indeed been in circulation.
Coins can be worth an extortionate amount. Picture: Getty The sellers hadn't detailed the exact condition of the coin but from the images it looks like it is pretty scratched. It was initially listed for £1,500 on June 15th, from the seller based in Halifax, but the bidding price skyrocketed over the week it was up, reaching £63,100. There were 41 bids on the coin, meaning that a collector somewhere was really after it, however, it isn't confirmed whether or not the sale has fully gone through. Although this particular coin is considered very rare, it's definitely not one of the rarest out there. The Kew Gardens coin is the rarest by a country mile, as only 210,000 of them went into circulation. If you do find a coin that's considered to be rare in your change, it's worth noting that it's not guaranteed you'll receive the same sum for it if you decide to list. In the past, the same coin has been sold for between £3 and £10, with one other huge sale being made in 2017 when it went for £7,000. Sign up to FREE email alerts from BerkshireLive - daily Subscribe Thank you for subscribing See our privacy notice Invalid Email A 50p piece has been traded for a staggering £63,100 and it's left experts stunned because it's not even a limited edition. The coin, which was released in 2016 to mark 950 years since the Battle of Hastings, was listed on eBay on June 15 and has since traded for 126,000 times its face value. There are a further 6.7 million in circulation. The back of the Battle of Hastings 50p coin was created by designer John Bergdahl four years ago featuring an illustration of King Harold taken from the Bayeux Tapestry, reports MirrorOnline. (Image: Getty Images) Its value has risen in the last two years when it was considered the 25th-rarest 50p currently in circulation. It currently ranks second place on ChangeChecker's scarcity index scale, alongside Paddington Bear at the Station and Roger Bannister 50p coins The Kew Gardens coin is still the rarest with just 210,000 in circulation. Why is it so rare? The 50p coin, which the seller admits has been in circulation for several years, was listed with an opening price of £1,500, which quickly rose to £61,100 in 10 days. "*VERY RARE AND CIRCULATED* Collectable 2016 Battle of Hastings 1066 50p Coin," the listing explained. A total of 41 bids were received. Experts say its sudden rise in popularity could be attributed to people using less cash due to the pandemic, but the reasons for its rocketing price remain a mystery with some still listed at £2. "Values for coins tend to vary every now and then and it could be that demand for 50ps has gone up because we're seeing less change used right now because of coronavirus," explained Alexandra Fiddons at coin expert ChangeChecker. Editions to celebrate historical anniversaries tend to do better amongst collectors - and this one sparked a clear pricing war. Alexandra says it's not unusual for a coin to suddenly soar in value, though this is usually quite rare. "We often have random coins that we don't expect to take off that much that sometimes they just skyrocket. That could be the explanation here," she said. "What we do know is that this isn't the most sought after 50p in circulation. These are the Kew Gardens or Jemima Puddleduck editions. "If you have one and are looking to list it, contrary to this listing, uncirculated coins tend to sell better statistically." If you think you have a valuable coin, the best thing to do is ask the Royal Mint to check that it's genuine. While it won't be able to tell you how valuable it is, it can provide you with a letter to confirm its authenticity. A 50p coin depicting the Battle of Hastings has sold on eBay for more than £63,000 - and there are reportedly over six million more of the coins in circulation (Photo: Shutterstock) A 50p coin depicting the Battle of Hastings has sold on eBay for more than £63,000 - and there are reportedly over six million more of the coins in circulation. The design was minted in 2016 to mark the 950th anniversary of the Battle of Hastings and was created by designer John Bergdahl. One of the 50p coins was listed on eBay on 15 June, before then selling for a staggering £63,100 - 126,000 times its face value. The coin had 41 bids by the time the auction ended. Sign up to our daily newsletter The i newsletter cut through the noise Sign up Thanks for signing up! What does the coin look like? The coin, which some experts say is not a rare edition, illustrates King Harold with an arrow through his eye, taken from the Bayeux Tapestry. The Bayeux Tapestry was created to remember the day when King Harold II was defeated by William the Conqueror, which led to the conquest of England by the Normans. 6 million coins in circulation There are estimated to be 6.7 million more of these 50p Battle of Hastings coins out there in circulation. Experts have said that the Battle of Hastings coin's sudden rise in popularity could be down to people using less cash due to the pandemic. Alexandra Fiddons, a coin expert at ChangeChecker, told Mirror Money, "Values for coins tend to vary every now and then and it could be that demand for 50ps has gone up because we're seeing less change used right now because of coronavirus. "The ones with historical anniversaries tend to do better amongst collectors - and this one sparked a clear pricing war. "That said, there are other Battle of Hastings 50p coins on eBay selling for £2, so do your research."