Ultra-rare coin selling for TEN THOUSAND times its value on eBay dubbed ‘one-in-a-million’ – can you see the fault?
AN ULTRA-RARE coin selling for ten thousand times its original value has been dubbed "one-in-a-million" - but can you spot the fault?
The 2016 coin has been listed on eBay and you won't believe how much it is going for.
Anyone with loose change down their sofa could be lucky enough to find the valuable item with it dating back a few years.
for over 10,000 times its £1 value leaving the lucky owner with an incredible opportunity.
The rare misprint shows Queen Elizabeth II on the back and has been described as a "collector's dream".
While most misprints do not make it out to the general public when coins are sifted, some can "slip through the net".
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The incredible find shows the defect as the inner circle has not been set in place correctly.
Those thinking of putting in a bid will have to fork out £3.30 for the delivery fees on top of the starting price.
Based in Swindon, any interested collector has the chance to make an offer or buy the item at the listed price.
The listing reads: "Mishapen £1 coin. 2016 New Shape coin. This is a rare mis printed coin. One in a million!
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"A collectors dream coin to have as it is so very rare. Coins are sifted through to stop mis prints getting out but some slip through the net, which makes it so exciting when a coin like this surfaces."
The seller has included pictures of the coin alongside a comment it claims is from The Royal Mint.
It reads: "Hi we can't authenticate a coin without inspecting it here first, however, based on your picture, we are confident that this is not counterfeit.
"We produce around five billion coins each year, and will be striking 1.5bn new £1 coins in total.
"As you would expect, we have tight quality controls in place, however variances will always occur in a small number of coins, particularly in the striking process, due to the high volumes and speed of production."
How to spot valuable items
COMMENTS by Consumer Editor, Alice Grahns:
It’s easy to check if items in your attic are valuable.
As a first step, go on eBay to check what other similar pieces, if not the same, have sold for recently.
Simply search for your item, filter by “sold listings” and toggle by the highest value.
This will give you an idea of how much others are willing to pay for it.
The method can be used for everything ranging from rare coins and notes to stamps, old toys, books and vinyl records - just to mention a few examples.
For coins, online tools from change experts like Coin Hunter are also helpful to see how much it could be worth.
Plus, you can refer to Change Checker’s latest scarcity index update to see which coins are topping the charts.
For especially valuable items, you may want to enlist the help of experts or auction houses.
Do your research first though and be aware of any fees for evaluating your stuff.
As a rule of thumb, rarity and condition are key factors in determining the value of any item.
You’re never guaranteed to make a mint, however.
If you are wondering whether your wallet has something valuable in store then you will want to keep an eye out for the serial numbers.
There are a few ways you can go about selling a rare coin if you manage to bag one for yourself.
Online platforms like eBay, Facebook marketplace, or trading apps can be easy to use.
It's important to note that a coin is only ever worth as much as someone is willing to pay for it, so you might not get as much as others.
What are the most rare and valuable coins?
- Five rarest coins - do you have one?
- The 13 most valuable £2 coins in circulation
- How valuable are the rarest £1 coins?
- Most rare and valuable 50p coins in circulation
- Rare and most valuable 20p coins that could be worth up to £750
- Rarest 10p coins in circulation
- Rare 2p coins revealed
- How to check if you have a rare and valuable banknote
Do you have a money problem that needs sorting? Get in touch by emailing [email protected].
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