Extra rare 50p coin could be worth 90 times its value

Could you be sitting on a goldmine? The 50p coin worth 90 times its value with more than 100,000 in circulation

• A UK coin collector unveiled a very rare 50p piece that could be worth  
• READ MORE:  Could you have a 20p worth £60 in your wallet?

A coin collector has revealed the 50p coin which is worth 90 times its value.  

The EU presidency 50p coin has a mintage of 109,000, making it one of the rarest 50p coin to date. 

The coin is made unique by the fact it’s dated with two years 1992 and 1993, to commemorate the UK’s presidency of the European Council of Ministers, and the completion of the Single Market.

According to the TikTok account the CoinCollectorUK,  the 50p coin could be worth 90 times its value, between £40 and £45 due to its rarity. 

Earlier this week, the account also alerted followers to the chance of cashing in on a batch of faulty  20p coins that were released by the Royal Mint in 2009. 

A British coin collector has shed some light on a rare 50p coin that could be worth 90 times its value 

The 50p  was designed by Mary Milner Dickens and features a conference table seen from above, surrounded by 12 chairs, representing the EU’s Council of Ministers.

The coin, which is no longer in circulation, included the UK at the top to signify its presidency, and 12 stars for each member of the EEC.

It is minted with the year 1992 and 1993 to mark the UK’s EU presidency at the time, which makes it unique. 

According to CoinCollectorUK, it could be worth 90 times its price, putting its value between £40 to £45. 

Crawley Coins, another collector, ventured the coin’s value could go as far as £60 as well. 

CoinCollectorUK also shed light on another coin that could earn people a pretty penny. 

Earlier this week, it emerged a  20P coin could also be worth 300 times its usual value, due to an error. 

In 2008 the Royal Mint released a batch of 20 pence pieces which are, in fact, worth closer to £50.

The coin is unique due to to the fact it’s minted with two dates: 1992 and 1993, to commemorate the UK’s presidency of the European Council of Ministers, and the completion of the Single Market.

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The blunder occurred after a redesign of the coin, and there could be up to 250,000 in circulation.

The key to look out for on your 20p pieces is no date, the collector pointed out.

The coin, since the 2008 change, is meant to have a date on the heads side, whereas the date had previously been on the tails side.

The collector claimed that an erroneous coin ‘could be worth £40-£60.’

An error like this is called a ‘mule’ – a coin with mismatched sides, referencing the mule being a mismatch of a horse and donkey.

The roughly 250,000 coins wrongly released in 2008 are mules because they were minted using the old version of the heads side, which does not have the year date, and the new version of the tails side, which also does not have a date.

The key to look out for on your 20p pieces is no date, the collector pointed out

Dateless coins such as these are rare, and therefore valuable, with this the first in the UK since 1672.

Another ‘mule error’ coin was released in 1983, when the Royal Mint made a mistake with the 2p piece and struck some with the wording ‘new pence’ rather than ‘two pence’.

The 1983 2p mule is currently worth hundreds of pounds, however its value was enhanced because only very few of these reached the public.

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