YOU’LL want to dig around your spare change as a rare 10p coin could fetch for 300 times its face value.
Rare coins and bank notes sell for hundreds of pounds if the right buyer comes along.
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In most cases, you’ll get a lot for them if they have a low mintage figure – the amount produced and put into circulation.
It’s seen 50p pieces go for over £200 while rare £20 notes have been known to sell for £100s.
And one coin expert recently revealed how one piece could fetch for 300 times its face value.
TikTok user @coincollectorukofficial explained how the Alphabet Angel of The North 10p piece has been known to sell for as much as £30 previously.
But bear in mind you might not always get this amount – we saw one that had sold on eBay recently for just £12.50.
He explained in one of his recent videos: “Did you know this Alphabet 10p from 2019, The Angel of the North…is very sought after for collectors.
“On the market for this 10p you are looking at around £25 to £30.”
According to ChangeChecker, 304,000 of the 10p piece were put into general circulation in 2018 and 2019.
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They are part of the A-Z of Britain collection and the first ever commemorative 10p coins.
The coin features the iconic Angel of the North, found on the A1 just outside Gateshead in the North-East of England.
How to check if a coin is rare and how to sell one
Generally, a coin is considered rare if it has a low mintage figure – the amount that were produced and put into general circulation.
But coins that were incorrectly manufactured, known as “error” coins, have been known to sell for high sums in the past too.
You can find out how many of a specific coin has been minted by checking The Royal Mint’s website.
Websites like ChangeChecker are useful for finding out more information on rare coins too.
When it comes to actually selling a rare piece, you have three options – Facebook, eBay or auction.
If you’re selling through Facebook, be wary of the risks.
Fraudsters have contacted sellers in the past saying they want to buy a rare coin and ask for money up front for a courier to collect it.
But the items are never picked up, leaving sellers out of pocket.
To stop this happening, it’s worth meeting the buyer in person and in a public meeting spot that’s well-lit.
If you’re selling through eBay, you’ll have to start by registering for an account and then listing a product.
Make sure you’ve got good pictures and mention the condition of the coin to avoid leaving buyers disappointed.
Bear in mind though, the safest way to sell a rare coin will more than likely be through auction.
You can organise doing this via The Royal Mint’s Collectors Service, which has a team of experts who can authenticate and value a coin.
Get in touch with them via email and a member of its valuation team will get back to you.
Do bear in mind you will be charged for the service though. How much depends on the size of your collection.
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