Published On: Thu, Jul 11th, 2019

eBay: ‘Very Rare’ Peter Rabbit 50p coin selling for £3,000 – is it worth it?

Commemorative coins are of great interest to a lot of people and collectors may look to eBay to find them, with the auction site listing lots of supposedly ‘rare’ coins on a daily basis. One such coin is this Tale of Peter Rabbit 50p piece which was recently posted on the site for a whopping £3,000.The coin is described as a “very rare, collectable item” and is being sold by eBay seller “upcy-0”, who has a 98.5 per cent positive feedback rate. “Excellent condition. Please see photos” the seller wrote in the ad, as they posted three photos of the shiny coin.

As well as the £3,000 price tag, the seller requires the new owner to pay an express delivery fee of £1.59,which will ensure the coin arrives within two days.

Regardless, this piece won’t come cheap to the potential buyer. But is it really worth £3,000 – which is 6,000 times its face value?

Peter Rabbit 50p coins have been very popular with collectors.

But while they have sold for lots of cash, the coins aren’t actually worth hundreds.

The authors behind Spend It? Save It? What Should You Do? have revealed the real cost of the coins.

There are various versions of the 50p coin with Peter Rabbit on.

There is the 2016 Peter Rabbit coin, the 2017 Tale of Peter Rabbit coin and the 2018 Peter Rabbit coin. But how much are each of them worth?

The 2016 Peter Rabbit coin and the 2017 Tale of Peter Rabbit coin are both said to be worth just £4, while the 2018 Peter Rabbit coin has a value of £5.

This might have somethinf to do with their high circulation rate, which tends to lower the value of a coin.

There are 6.9 million 2016 Peter Rabbit coins and nineteen million three thousand 2017 Tale of Peter Rabbit coins in circulation.

It is not currently known how many of the 2018 Peter Rabbit coins exist.

Nevertheless, the authors behind the article revealed that coin sellers are well within their right to sell their pieces at whatever price they choose.

Astonishingly, the experts found that high price tags can make more affordable listings seem much more appealing.

And more often than not, the coins aren’t even worth that, so the buyer still ends up paying more than it is worth.

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