Rare 20p coin fetches over 1,000 times its value and there could be more of them

The coin was minted back in 1983 onto a copper coloured blank by mistake, resulting in a very rare bronze 20p

Rare coins can be hard to spot, but owning one could be worth hundreds or thousands.

Some pieces of change come with minting errors which might also increase the value of the coin too. Now one 20p has fetched for more than 1,000 times its face value after a week-long bidding war on eBay.

The coin was minted back in 1983 onto a copper coloured blank by mistake, resulting in a very rare bronze 20p. A seller flogging the coin was intrigued by it so sent it off to the Royal Mail back in 2016.

Then they managed to make a huge profit from five buyers with a total of 28 bids when it was listed on eBay, reports Daily Star. And when it sold, it managed to scoop £232, which is over 1,000 times its face value.

If you’re ever in doubt it’s always worth taking your coin to experts to get it valued. In this case, the collector decided to send it off to the Royal Mint which they found out was worth loads.

Anyone can list a coin on eBay and charge however much they want but it’s worth doing some research first. The value of a coin can depend on many things, like minting errors or its rarity.

Coins with errors could be worth a small fortune because very few of these make it into circulation. You could earn money from these coins by selling them at auction, online or in person, or through a dealer.

The price of a coin varies based on things like demand at the time and how common it is. Recently, we saw a “very rare” Kew Gardens 50p coin scoring over 32 bids to sell for a huge £165.

The Kew Gardens 50p is one of the most sought-after coins with millions of Brits eager to get their hands on one. Just 210,000 of the coins made it into circulation since its release date back in 2009. The coin features the famous Chinese Pagoda at the iconic London landmark.