A Paddington Bear 50p coin sold on eBay last week for a whopping £1,120. The coin was described as “extremely rare” and attracted 13 bids, raising the price to £1,120 from a starting price of £50. Is it really rare?
The coin was listed by eBay user “Jessim8”, who wrote of the piece: “In circulation, only a few have been released so extremely rare and are selling for £300 onwards.”
They added: “In perfect condition, shiny & is great to add or to begin a collection. Don’t miss out & place your bid today, this coin could be worth so much more in the future.” [sic]
The coin in question is the Paddington at St. Paul's Cathedral coin.
While the mintage of the coin is unknown, there are various clues as to how rare it really is.
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Paddington Bear 50p coin: Sells for £1,120 on eBay after bidding war - why is it so rare? (Image: EBAY/JESSIM8/GETTY)
Paddington Bear 50p coin: The coin was described as “extremely rare” and attracted 13 bids (Image: EBAY/JESSIM8)
For example, coin expert site Coinhunter estimates it’s collector value to be just £1.
It states: “£1.00 is a mid-point price for Paddington at St Paul's 50p coins marked as sold on eBay UK.
“The price range for a good condition circulated example of this 50p coin is between £0.99 and £1.20.”
Another clue that the coin is not as rare as this eBay user may claim is that Brilliant Uncirculated versions can be bought on The Royal Mint site for just £10.
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Brilliant Uncirculated versions of coins are more valuable than circulated coins such as the one in the advertisement.
While the Paddington at St Pauls 2019 Brilliant Uncirculated 50p coins on the Royal Mint site are “awaiting stock”, there will be more available and