Paddington Bear 50p sells for £1,120 on eBay after bidding war - why is it so ...

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?

Related articles
Brexit coin: How to get YOUR commemorative 50p Brexit coin
Brexit Coin sold out: Can you still buy the 50p Brexit coin?
READ MORE
Brexit 50p coin listed by remainer on eBay for £660m

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.

READ MORE: Royal Mint launch rare £1,000 GOLD Brexit coin to go on sale tomorrow

Paddington 50p coinsPaddington 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 on eBayPaddington 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.

DON'T MISS
eBay: ‘Rare’ Paddington Bear 50p coin selling for whopping £100 [VALUE] 
‘Extremely rare’ Paddington Bear 50p coin selling for £2,500 [EXPERT INSIGHT] 
Another 50p Paddington Bear coin sells for £850 on eBay [WARNING] 

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

read more.....

Get the latest news delivered to your inbox

Follow us on social media networks

PREV 'Everyone likes Australia': Eurovision guru says nation on the brink of a win mogaznewsen
NEXT First female coach in Super Bowl breaking down NFL barriers mogaznewsen