It’s always exciting starting a new hobby.
And if rare coin collecting is your 2025 thing, then we’ve got some news for you. A TikTok user, known as @CoinCollectingWizard, recently issued an urgent warning to his 215,000 followers about money found online.
In a post online, the coin collector warned the Brexit 50p is selling for £20,000 when it’s actually just worth face value. The coin was released to celebrate the planned withdrawal of the United Kingdom from the European Union back on October 31, 2019.
But since the whole process was delayed, the minting of the coins had to be paused for a brief period. Either way, when the coins were finally released, a whopping 5million entered circulation, which means they’re not hard to find.
Now in the video, which begins with someone flying on a private jet because they found a “rare 50p coin worth £20,000”, the user revealed people should get a refund if this is ever the case. He said: “This has a mintage of over 5million.
“The arrival of the Brexit 50p, officially known as the withdrawal from the European Union, didn’t go smoothly just like the political maze of the Brexit process itself. Eventually the coin was released and sometimes pops up with high price tags online.
“But you really shouldn’t believe everything you see on the internet, as it’s just worth 50p.” Showing screenshots of previous listings, he issued some advice: “Just remember anyone can put these prices and you should be looking at sold prices rather than live listings.
“I promise you this 50p is only worth 50p and is one of the easiest coins to find in your change.” Since he shared the crucial warning, the post garnered plenty of likes and comments.
How can I tell if my rare coin is genuine?
Firstly, make sure to examine it closely for visual imperfections, check its weight and diameter, as well as doing a spot of research. Also a coin’s history can provide valuable information to prove its origin.
But if you have any doubts, it’s worth reaching out to any experts to help, like Coin Hunter or ChangeChecker. Just make sure you do your research before offering loads of money for it as you could be scammed.