Coin collector shows 50p worth £25k - but warns to watch for 'scam'

Coin collectors are willing to pay a hefty sum for the right coin. The Kew Gardens 50p is one of those which is valued at several hundred pounds.

And in some instances, it can fetch a staggering amount. With a mere 210,000 of these coins minted, it's no wonder that Brits are eager to add one to their collection.

But a TikTok user has now cautioned followers that a particular coin could be listed for as much as £25,000 online. TikTok's @CoinCollectingWizard, who has a following of 139,000, questioned the valuation of the Brexit coin from 2020, which has over 5 million pieces minted.

They said: "So why on Earth would it be worth £25,000 you ask? Well it wouldn't, sometimes this common 50p you likely had in your change pops up on places with extortion price tags."

He emphasised the importance of conducting thorough research because anyone can slap an exorbitant price tag on a coin. And he assured his audience: "This is why you really need to do your own research as anyone can put those ridiculous price tags up and I promise you this 50p is just worth 50p.", reports the Mirror.

He went on to describe how to spot a coin that could genuinely command a £25,000 price tag, although he warned it's exceedingly rare. He said: "There is however, a very rare version of the coin where the date doesn't say the 31st January 2020. But this is very unlikely to ever be found so don't fall for these crazy prices."

The video has since attracted a flurry of likes and numerous comments. One viewer commented: "Great video," and another praised: "Awesome video bro, love the coins! "

Some TikTok users even claimed they had managed to find such a coin, with one boasting: "Have both." Another shared: "I have this one! ".

The Brexit coin was minted to commemorate the UK's departure from the European Union. Over 10 million of these coins were produced by the Royal Mint, bearing the date of 31 October 2019, which was the initially planned withdrawal date.

However, as the departure date was postponed, minting was halted in late October and those coins were subsequently recycled. In January 2020, a fresh batch of 'Brexit' 50p coins was issued to mark the actual withdrawal date of the UK from the EU, following the activation of Article 50 on 31 January.