Coin collector shows 50p worth £25,000 – but warns to watch out for ‘scam’

Coin collectors are willing to pay a large amount for the right coin. The Kew Gardens 50p is one of those that are valued at several hundred pounds.

And in some cases, it can fetch a staggering amount. With only 210,000 of these coins minted, it’s no wonder Brits are keen to add one to their collection.

But a TikTok user has now warned followers that a particular coin could be listed for up to £25,000 online. TikTok’s @CoinCollectingWizard, who has 139,000 followers, has questioned the valuation of the 2020 Brexit coin, which has over 5 million minted coins.

They said: “Why on earth would it be worth £25,000 you ask? Well wouldn’t it, sometimes that regular 50p you probably had on your change turns up in places with extortionate price tags”.

He emphasized the importance of doing thorough research because anyone can put an exorbitant price on a coin. And he reassured his audience: “That’s why you need to do your own research because anyone can put those ridiculous price tags on and I promise you this 50p is only worth 50p,” reports the Mirror.

He went on to describe how to find a coin that could really fetch £25,000, although he warned that it was extremely rare. He said: “There is however a very rare version of the coin where the date does not say 31 January 2020. But it is very unlikely to ever be found, so don’t fall for these crazy prices.”

The video has since attracted a flurry of likes and numerous comments. One viewer commented: “Awesome video” and another praised: “Awesome video bro, I love the coins!”

Some TikTok users even claimed to have managed to find such a coin, with one boasting: “They have both.” Another shared: “Got this one!”

The Brexit coin was minted to commemorate Great Britain’s departure from the European Union. More than 10 million of these coins were produced by the Royal Mint, dated 31 October 2019, which was the originally planned withdrawal date.

However, as the departure date was postponed, the minting was stopped at the end of October, and those coins were later recycled. In January 2020, a new batch of 50 pence “Brexit” coins was issued to mark the actual date of the UK’s withdrawal from the EU, following the triggering of Article 50 on 31 January.