Minted Brexit 50p

A new 50p to mark Brexit has been minted

A small batch of special Brexit 50p coins minted with October 31 are expected to become collectors’ items now that it looks almost certain Britain will not have left the EU by then.

The coins feature the date 31 October 2019, as well as the words “Peace, prosperity and friendship with all nations”.

Chancellor Sajid Javid had asked for 3m of the coins to be in circulation and ready for the mooted Brexit date, with 7m more to follow within a year – but only about 1,000 are thought to have been created as part of a trial.

Britain is now unlikely to leave Europe by Oct 31. Parliamentary wrangling last night made a Brexit extension or general election more likely.

If Brexit is delayed, coins with the October date would effectively have an error, increasing their interest to collectors. 

A spokesman for Change Checker, coin experts, said: “Error coins do cause a lot of interest with collectors.”

A 50p “error coin” is being sold for up to £600 on Ebay, a Battle of Hastings example with imperfect edges. Others, such as a Girl Guide 50p with a printing mistake, now cost £255.

Ebay sellers are already charging pre-order customers £7.48 for one Brexit 50p, an increase of almost 1,400pc. 

The value of any Oct 31 Brexit 50p coins could be reduced if more entered circulation. Andrew Hagger, of finance specialists Moneycomms, said: “It’s only if you get a limited amount that they have the quirk factor.”

The Royal Mint regularly issues special coins to mark national moments and these can be very valuable.

The rarest 50p coin in circulation is one depicting the Royal Botanical Gardens in Kew which sold for £175,000 on eBay.

The production of commemorative 50p coins released by the Royal Mint has increased significantly, according to Telegraph Money analysis.

Eight new 50p coins were released between 2000 and 2009. Since 2010 there have been 22, not including 29 variants of the 2012 Summer Olympics coins. 

The Treasury has been approached for comment.

Story sourced from – The Telegraph

Written by Pro Ro

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