A Valuable Find
Oliver Evans, a 23-year-old avid coin collector from Southend, has recently discovered the potential value of one of his 20p coins. This particular coin, minted in 1982, is missing the design on one side, making it an ultra-rare find. Oliver believes he may be the only person in the world with this unique coin in his collection.
A Coin with a Missing Head
The missing design on Oliver's 20p coin happens to be the Queen's head. While the tail of the coin is intact, the Queen's head is nowhere to be found. This particular minting error is the opposite of another 20p coin that was missing its tail, which sold for an impressive £430 on eBay in December 2021.
A Second Strike Error
The rare error on Oliver's coin is likely the result of a separate rogue 20p coin blank being struck by the obverse and reverse dies, and then struck again with the reverse die. It was speculated at the time that there may be another 20p coin out there with the missing design.
A Valuable Addition to the Collection
Oliver added the 1982 20p coin to his collection a couple of years ago without realizing its potential value. After reading a story about a similar coin with a missing tail, he realized the significance of his find. He now believes that his coin could be worth hundreds of pounds.
Verification by The Royal Mint
Oliver is eager to have the error on his coin verified by The Royal Mint. Coin collectors and enthusiasts can have their coins verified by The Royal Mint through the Coin Valuation – Authentication & Valuation page on royalmint.com. The verification process is essential to ensure that the error is legitimate and not tampered with.
Potential Value and Future Plans
Kate Morgan of Change Checker acknowledges that Oliver's coin has the potential to be very collectible. However, the error would need to be verified by The Royal Mint to confirm its value. Oliver has expressed his interest in selling the coin if the right opportunity arises. However, he also acknowledges that if the coin is as rare as his research suggests, it will likely remain in his collection.
How to Determine Coin Value
If you have a rare coin and want to determine its value, you can compare it to similar coins on online auction sites or seek assistance from websites like Coin Hunter or The Royal Mint itself. It's important to remember that the actual selling price of a coin depends on what someone is willing to pay on a given day. Additionally, be aware of the existence of fake coins and conduct thorough research or seek professional opinions when necessary.
Selling Rare Coins
There are two main methods for selling rare coins: through eBay or at an auction. When selling on eBay, it's crucial to set a minimum price that is equal to or higher than the face value of the coin to mitigate risks. However, there is no guarantee that the buyer will follow through with the purchase. Auctions can also be a viable option, and contacting a member of the British Numismatic Trade Association can help assess the coin's potential value and guide you through the auction process.
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