Brexit 50p coin could make you THOUSANDS… But it has to be one with the WRONG leaving date

Massive Ben could not chime in celebration, however to mark the UK leaving the European Union the Royal Mint is issuing three million new 50p cash on Friday.

The seven-sided coin is being launched on the day of our official departure – January 31 – and emblazoned on the tail aspect would be the hopeful phrases ‘Peace, prosperity and friendship with all nations’.

That is third time fortunate for the Brexit 50p as a earlier batch of 1,000 prototypes struck for the beforehand deliberate departure date of March 29 final yr needed to be melted down. 

Memento: The unique prototypes for a Brexit 50p piece final March needed to be melted down

As much as 1,000,000 different 50p cash for October 31, 2019 – the subsequent date the nation was as a result of depart – additionally needed to be ‘recycled’. Maybe somebody ought to ship the invoice to ex-Speaker John Bercow.

Coin collectors, referred to as numismatists, aren’t notably enthused about this newest batch of cash as a result of, if launched of their hundreds of thousands, they won’t be value rather more than face worth. 

The earlier Chancellor of the Exchequer, Philip Hammond – a staunch anti-Brexiteer – had initially hoped that solely 10,000 of the 50p cash could be produced.

However buyers are nonetheless excited in regards to the rarities (anomalies) that always get thrown up by new points and renewed curiosity in earlier restricted version items. 

These within the know will likely be maintaining a pointy eye out for any with a date marked both March 29, 2019 or October 31, 2019 that may flip up as these will command costs of hundreds of kilos.

Adam Hopkin, of coin and bullion vendor Chards, says: ‘The brand new Brexit coin is barely value as a lot as somebody is keen to pay for it. There could also be a variety of preliminary hype so costs may soar. 

‘But when they’re produced in giant numbers, values could fall as demand settles. 

‘Although discover a true rarity resembling a Brexit coin dated from final March or October – that ought to not even exist – and it may fetch a number of thousand kilos.’

One of many spoof cash which went viral on social media

Sadly, the sale of pretend cash is rife and Hopkin factors out that copying these earlier Brexit cash is predicted to be a precedence for forgers. 

So you will need to solely commerce by a member of the British Numismatic Commerce Affiliation (BNTA) reasonably than shopping for blind off an public sale web site.

BNTA members assure authenticity and if any cash bought are later discovered to be forgeries, they promise you a refund. 

A good dealer can even give free buying recommendation and supply a full inspection of cash for no cost.

One coin that makes no pretence to being authorized tender is the spoof Brexit 50p piece displaying the Queen together with her head in her arms. These are promoting for just below £10 after they went viral on social media.

The actual Brexit coin is simply the most recent in a collection of restricted version 50p releases – lots of which at the moment are value excess of their face worth. 

Maybe essentially the most well-known is the Kew Gardens pagoda coin issued in 2009 to commemorate the Royal Botanic Gardens’ 250th anniversary.

5 cash value a fairly penny

£1 gold sovereign 1936 £1million

To commemorate the ascension to the throne of Edward VIII, solely six of those 22-carat £1 gold cash had been produced – earlier than he abdicated in 1936. It’s also uncommon in that in contrast to different monarchs he confronted left, as this was the profile that he insisted on displaying.

One penny 1933 £80,000

There was an enormous surplus of penny items so none had been required in 1933 – although seven had been minted for particular occasions. A number of the cash are believed to have been positioned underneath new church foundations.

2p coin marked ‘new pence’ 1983 £1,000

All 2p cash minted after decimalisation in 1971 had been produced with a ‘new pence’ mark on the tail aspect till the tip of 1981. After this date nearly all had been marked ‘two pence’ but in 1983 a batch of 500 cash was unintentionally issued marked ‘new pence’.

50p ‘silver proof’ Peter Rabbit 2016 £1,000

To commemorate the 150th anniversary of the start of Beatrix Potter in 2016, a ‘silver proof’ colored coin of this character was produced in a restricted version of 15,000. It isn’t to be confused with Peter Rabbit 50p cash put in circulation or a 2019 ‘silver proof’ reissue that may nonetheless be purchased for £65.

50p ‘hidden face’ swimmer 2012 Olympics £800

A batch of 600 cash that includes a swimmer with wavy strains obscuring their face was unintentionally issued to commemorate the 2012 London Olympics. It was later changed with a coin the place the face may very well be seen.

Simply 210,000 had been produced and when you discover one combined up with small change in your pocket or purse you’ve a 50p piece value as much as £200. 

A number of the 29 designs produced to rejoice the 2012 Olympic Video games are additionally value looking for. The 50p Olympic piece explaining the offside rule in soccer on the tail of the coin can promote for £30.

Hopkin warns: ‘On the subject of amassing trendy cash, you must go into it as an fanatic, not taking a look at it as a fast technique to become profitable. 

‘Begin by amassing what pursuits you. Fashionable cash are an ideal place to start out. As soon as bitten by the bug, you’ll be able to then begin to search out older cash with historic relevance and embark on an enchanting pastime that may make you cash.’

Childhood favourites maintain a selected attract amongst coin collectors. Among the many most up-to-date gross sales was a Paddington Bear restricted version 50p coin minted final yr the place he’s standing exterior the Tower of London. It might probably command a value of as much as £300. 

On high of issuing normal cash for on a regular basis use, Royal Mint additionally produces ‘proof’ cash – newly-minted items on polished dies by no means put into public circulation. These are the primary struck cash and are of the cleanest and sharpest high quality.

New 50p cash coated in silver – referred to as ‘silver proofs’ – from Royal Mint can promote for three-figure sums. One such is a Peter Rabbit coin issued as a part of a set in 2016 to mark 150 years because the start of his creator Beatrix Potter, that offered for £1,000 two years in the past. 

It’s believed solely 15,000 of those cash with a color printed illustration had been minted.

Different current collectable ‘silver proofs’ which have accomplished properly embody a collection of 25,000 The Gruffalo 50p items launched to rejoice the 20th anniversary of the kids’s guide character final yr. These had been initially provided for £65 every and now change arms for as much as £150.

But there isn’t a assure you’ll become profitable from investing in well-liked figures – 25,000 Wallace and Gromit silver proof cash had been launched final yr to mark 30 years because the characters had been created. They’re nonetheless being offered by Royal Mint for the unique £65.

Restricted editions can even include an enormous price ticket when initially put up on the market. 

Six days in the past, Royal Mint issued a variety to rejoice rock band Queen – with its £5 cash ranging in value from £13 for an uncirculated proof to £2,020 for a one-ounce gold proof coin that was restricted to only 300 copies. 

These gold cash offered out inside lower than a day. Already these are being put up on the market for practically £2,500.

Anomalies referred to as ‘mules’ are additionally wanted. A mule is a coin the place the dies for the top and tail don’t match. An instance was when the Royal Mint in 2008 issued a collection of 20p items with a Royal Protect of Arms on the tail aspect of the coin. 

The date was speculated to have been moved from the tail to the top however this did not occur. A number of thousand undated 20p items slipped by the web. They promote for £100.