Rare 50p thats still in circulation sells for over 1,000 times value on eBay

Open your pockets and dig out your change because a rare 50p coin has sold for over 1,000 times its original value on eBay – and you could be holding onto one right now.

There are millions of the special coin in circulation and you’ve likely used one in the past year as it was minted to mark the UK leaving the European Union in January 2020.

One of the 50p coins recently sold online for £650!

Around 10 million of the collectible coins are still in circulation, reports the Liverpool Echo.

To mark the official Brexit date of January 31 2020, these special coins were created with a special engraving: "Peace, prosperity and friendship with all nations".

The other side of the 50p looks like most others with an image of Queen Elizabeth’s head.

After the coin was launched some sold for between £10 and £20 – but when many flooded the market they were snapped up by collectors.

And, because so many have entered private collections the cost to obtain one has gone up.

One such coin sold for £650 on January 23 and other sellers are asking for as much as £865 for their 50p coins.

But, if you do find one make sure you choose when to put it on the market wisely as some less savvy sellers have listed theirs for around £27.

And, this may undercut those who want more bang for their buck.

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ChangeChecker expert Alexandra Fiddons previouslytold The Mirror: "The 50p was teased for a long while before the UK's official exit from theEuropean Unionand when it was officially released into circulation, people were eager to snap them up for their own collections.

"This coin marks an incredibly significant moment in British history and it's possible that people who aren't usually interested in the hobby, may have been tempted to secure this 50p to commemorate the event forever."

Speaking on what makes a coin 'rare', she said: "Sometimes we see coins listed for prices well above their face value on the secondary market.

"Sometimes this is driven by low mintage figures, meaning there are fewer coins for people to collect, but it can also be driven by the popularity of the theme."

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