A RARE £2 coin which claims to have a total of seven different errors on it has sold on eBay for £100.
Bidders were keen to cash in on the rare and valuable coin as it was said to be riddled with faults that aren’t so commonly found in your change.
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It’s not a mega amount that the coin has sold for, as we’ve seen other error £2 coins go for as much as £255 before, but it’s still 50 times more than face value.
The coin sold on December 6 after being live at auction for five days.
The coin is a copy of the design minted in 2013 and set to commemorate the 350th anniversary of the Golden Guinea.
The coin minus any errors would usually sell for just under £3 according to Coin Hunter.
But supposedly, this coin has seven different things wrong with it.
One of the most noticeable faults on the coin is that the dotted line on the reverse which features the Golden Guinea design, doesn’t align properly with the rest of the coin.
RARE COINS AND VALUABLE NOTES
You can see it trail off into the outer rim before disappearing all together where it should be central and a complete circle in the middle instead.
The seller also claims that eagle eyed coin fans would notice the word “Anniversary” is misaligned.
They also claim that the year 2013, printed at the bottom of the coin, is misaligned too.
But they don’t go on to disclose what the other four faults may be.
Do coins have that many errors?
The Royal Mint manufactures between three million and four million coins a day, so it is common for things to go wrong.
But the mistakes are usually only produced in low numbers, though that only makes them more valuable to collectors as they’re harder to come by.
Experts warn that a number of fake coins often end up in circulation, so you do have to take a listing like this with a pinch of salt.
One giveaway is that only one bid was placed on the coin.
Usually you can determine if something is the real deal by the number of bidders who were willing to stake their claim on it.
We’ve often seen bidding wars break out over rare coins as hoards of offers trickle in on highly sought-after copies.
Buyers can always pull out of the sale too which means it won’t have sold for the price that it may say it has.
But if you’re concerned about one you’ve come across in your own change, then you can get imperfect coins verified by the Royal Mint.
That will help you place a value on it, if you do want to sell.
Change experts like Coin Hunter or Change Checker will help you verify if it’s real too.
Coin Hunter reveals though that some of the faults the seller points out on this latest listing aren’t already verified by The Royal Mint.
The misaligned dots can often be common of £2 coins minted before 2015 and any misaligned inscription can be common too.
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