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Rare Royal Mint coin sells for 500 times face value because of the Queen's head
An upside-down portrait error on the 2008 British 5p coin caused it to sell for over £26, more than 500 times its face value, at an online auction.
- A seller posted a 2008 5p coin that fetched more than £26 at an online auction, with coin collectors competing over its rarity.
- The coin is mis-struck, producing an inverted portrait of Queen Elizabeth II due to incorrect imprinting during the minting process; the seller called it a 'rare, unique and valuable collectible'.
- Condition and design errors increase a coin's value, and coin dealers and auction platforms influence final prices.
- In the listing, bidder interest pushed the price above typical face value as coin collectors competed at the online auction, unlike the more conservative valuations from coin dealers.
- As a broader trend, small-denomination errors draw collector interest because the 5p denomination's smaller size and less frequent minting make such pieces desirable additions to collections.
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19 Articles
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Total News Sources19
Leaning Left1Leaning Right0Center16Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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