A 50p coin was sold for £63,100 and there’s 6.7million more out there, so it’s worth checking your change.
The coin marks 950 years since the Battle of Hastings and was released in 2016.
The 50 pence was listed on eBay earlier this month and has left traders stunned, as it sold for 126,000 times its face value – reports Mirror Online.
The back of the Battle of Hastings 50p coin was created by designer John Bergdahl four years ago.
It features the drawing of King Harold with an arrow through his eye, taken from the Bayeux Tapestry.
It was created to remember the day when King Harold II was defeated by William the Conqueror, leading to the conquest of England by the Normans.
But with more than 6 million in circulation, they’re not the rarest out there – the Kew Gardens coin still holds this title with just 210,000 in circulation.
It currently ranks second place on ChangeChecker’s scarcity index scale, alongside Paddington Bear at the Station and Roger Bannister 50p coins.
Though it has risen since two years ago it was considered the 25th-rarest 50p currently in circulation.
What makes it so rare?
The 50p coin, which the seller admits has been in circulation for several years, was listed with a starting offer of £1,500, which quickly rose to £60,100 in 10 days.
“*VERY RARE AND CIRCULATED* Collectable 2016 Battle of Hastings 1066 50p Coin,” the listing explained.
By the time the auction ended, the coin had amassed 41 bids.
If you’ve got one of these coins in your change, you may be able to trade it online for a fortune, depending on the quality and authenticity of it – though experts say it’s not the rarest fifty pence out there – and there are many more listings on eBay for just £2.
Experts say its sudden rise in popularity could be attributed to people using less cash due to the pandemic.
Alexandra Fiddons at coin expert ChangeChecker said: “Values for coins tend to vary every now and then and it could be that demand for 50ps has gone up because we’re seeing less change use right now because of coronavirus.
“The ones with historical anniversaries tend to do better amongst collectors – and this one sparked a clear pricing war.
“That said, there are other Battle of Hastings 50p coins on eBay selling for £2, so do your research.”
Alexandra says it’s not unusual for a coin to suddenly ‘skyrocket’ in value, though these tendencies tend to be rare.
She said: “We often have random coins that we don’t expect to take off that much that sometimes they just skyrocket. That could be the explanation here.
“What we do know is that this isn’t the most sought after 50p in circulation. These are the Kew Gardens or Jemima Puddleduck editions.
“If you have one and are looking to list it, contrary to this listing, uncirculated coins tend to sell better statistically.”
I have one of these coins – will it sell for a fortune?
Of course, even if one of these coins turns up in your change and you decide to list it online, it’s not guaranteed to sell for the same price.
A couple of years ago one was listed for £5million and it didn’t sell.
CoinHunter puts this coin to be worth around £12.99, while other Battle of Hastings 50ps have sold for between £3 and £10.
If you think you have a valuable coin, the best thing to do is ask the Royal Mint to check that it’s genuine.
While it won’t be able to tell you how valuable it is, it can provide you with a letter to confirm its authenticity.