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Value of this 20p error coin?
I recently took this coin to an auction house to get verified and valued, the guy who I spoke with said it was a genuine error that was struck on a foreign blank, and valued it at around £50 - £80, I believe this price is pretty low, based on a similar 20p that was struck on a foreign blank back in 2017, it was said to have been valued at £2,200 minimum if sold at auction, I haven't had it certified by the royal mint yet, but plan on doing so, but in the meantime, I would like to know if anyone can tell me the potential value of this coin.
3 Answers
- curtisports2Lv 76 months ago
The condition of that coin is what lowers (greatly) the estimated value. Error-collecting is a very small market segment in what is already a very small market. Error collectors want high-grade examples and will pay good money for high-grade examples. Wrong-planchets, clipped planchets, broadstruck coins etc, these are all interesting errors, but they are essentially one-offs, each one unique in its own way. This does NOT interest collectors in the same way as true Mint errors, where a known mistake was struck in tiny quantities before being caught by Mint employees and very few escaped into circulation, creating coins that set collectors consider necessary for a truly complete set. This creates high demand for a very small supply, and that is what drives prices for anything - supply and demand. You do not have that with one-offs like this.
The words 'valued at £2,200 minimum if sold at auction' are meaningless. The only words that mean anything are 'the coin realized X when it was auctioned in 20__'.
Anything ANYONE tells you about the potential value is speculation, even if the speculator is an expert. The expert may be close...but no one knows what it's worth until YOU agree to a price that someone else agrees to give you...or you put it up for auction and take your chances...
- 6 months ago
It's worth what someone else was prepared to pay for it. The one that went to auction with a guide price of £2,200 didn't sell. Yours doesn't look genuine and is in poor condition and I'd think £50 is optimistic. See what the mint has to say.
