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Edinburgh Live
Edinburgh Live
National
Abbie Meehan & Kate Lally

50p Brexit coin sells for £650 - and there are millions more in circulation

A rare 50p coin relating to Britain leaving the European Union has sold for more than a thousand times its original value on eBay - and there are still millions more in circulation.

The special 50 pence coin was created to mark the UK leaving the European Union in January 2020, as reported by the Liverpool Echo.

There are still millions of the Royal Mint Brexit 50p's in circulation, so get checking those couch cushions and purses for that mega pay-day!

To mark the official Brexit date of January 31, 2020, this coin was curated with these words engraved on one side: "Peace, prosperity and friendship with all nations".

The head of the coin is the same as others, featuring The Queens side profile.

Weeks after this coins launch, they were selling for around £10-20, but years on from their curation date, collectors got a hold of the coins and the price has jumped up significantly.

READ MORE: What to expect from Nicola Sturgeon's update on new Covid-19 restrictions today

One of the coins has just been sold for £650, on January 23, and other sellers are asking for as much as £865 for theirs.

However, if you do find you own one of the special 50ps, you may not be in for a huge sale. Some sellers are posting these coins for as little as £27.95, not realising how much these 50ps are worth.

ChangeChecker expert Alexandra Fiddons previously said: "The 50p was teased for a long while before the UK's official exit from the European Union and when it was officially released into circulation, people were eager to snap them up for their own collections.

The Brexit 50p coin. (Matthew Horwood/Getty Images)

"This coin marks an incredibly significant moment in British history and it's possible that people who aren't usually interested in the hobby, may have been tempted to secure this 50p to commemorate the event forever."

Speaking on what makes a coin 'rare', she said: "Sometimes we see coins listed for prices well above their face value on the secondary market.

"Sometimes this is driven by low mintage figures, meaning there are fewer coins for people to collect, but it can also be driven by the popularity of the theme."

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