Some lucky sod has managed to make themselves £111 on eBay, having turned over a nice profit from a dodgy £1 coin.
While the rest of us are flogging old tops on Depop for a few quid a pop, one eBay seller managed to sell a rare coin for more than 100 times its original value, thanks to its unique appearance.
The seller claimed a minting error left it looking like a ‘fried egg’, with the silver-coloured part of the coin sitting slightly off-centre, overlapping the golden-coloured ring around the edge.
The 12-sided coin was originally launched in 2017, and usually features an inner part made from nickel-plated brass alloy and the outer section made from nickel-brass.
Coins with minting errors like the one above are often are often referred to as ‘fried eggs’ because they resemble the breakfast staple.
The 2019 ‘Rare Mis-struck £1 Coin Fried Egg One Pound’ that was sold on eBay ended up attracting just two bidders, but between them the demand was high – pushing the price up from the starting bid of £100 up to £112.
Postage and packaging was free, you’ll be happy to know.
That one was made using the blank from an old pound coin – something that’s not only very rare, but also very collectable.
However, it’s worth remembering that not all strange-looking coins are worth loads of money. Some could sell for hundreds, while others might go for nothing at all.
While The Royal Mint is unable to value a coin, it can at least confirmed whether or not it is fake – and will often supply you with a letter to verify this.
If you’re one of the lucky people with a genuine rare coin, you can then look into flogging it through a coin sealer, at auction or via online listings sites like eBay.
You can have a little browse on Change Checker, which has devised a six-point guide to valuing your coin.
This will ask you questions like ‘What condition is your coin in?’, ‘How easy is it to buy your coin?’ and ‘Does your coin have a story?’.
It also suggests you find out how your coin rates on the ‘Scarcity Index‘, something that tracks which coins are the most scarce and collectable using a unique combination of mintage, collecting and swap data to give the most up-to-date picture of the collecting market.