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Sherlock Holmes 50p Coin: How Much is It Worth?
Sherlock Holmes 50p coin: Sherlock Holmes 50p coin was released into circulation in 2019 on what would have been the 160th birthday of Arthur Conan Doyle‘s, the author who created Sherlock Holmes.
Continue reading to see which unusual 50ps are the most valuable and how likely you are to be given one at the cash register. Follow chopnews to get more updates
What is the rarity of the Sherlock Holmes 50p?
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In short, the Sherlock Holmes 50p is a rather common coin.
The Sherlock Holmes 50p has a circulating mintage of 8,602,000 coins, according to Change Checker.
That means there are over 8.4 million more than the official rarest 50p coin, the Kew Gardens 50p, on the market.
On Change Checker’s most recent index, it has a scarcity score of one.
The scarcity index assigns a number between 1 and 100 to each coin, indicating how difficult it is to locate them as well as how popular they are.
The greater the number, the rarer the coin, and thus the more precious it is.
So, with a ranking of 65th in the November update, the Sherlock Holmes 50p isn’t exactly a top performer.
What is the value of a Sherlock Holmes 50p?
Unfortunately, because the rare coin isn’t actually that uncommon, it has little market value.
On eBay, one circulated replica of the coin went for £1.85, which is the highest price The Sun has recently found.
While this makes it about four times more expensive than its face value, it isn’t quite as much as other popular rare coins have sold for on the online auction site.
However, while purchasing and selling on eBay, you must consider all of the hidden fees, such as sellers fees and delivery, to mention a few. As a result, you may only receive 50p back from your sale – or face value.
According to Coin Hunter, 41 of the 136 50p, £2, and 10p coin designs now in circulation are only worth their face value, with the Sherlock Holmes sadly falling into this group.
That means the 50p coin would be better spent on goods from the corner shop rather than being listed for auction until you find a bidder ready to pay more.
However, when the coin was originally released a few years ago, there was a considerable demand for it.
In 2019, one sold for £500, with coin experts estimating it to be “worth up to ten times its face value” at the time.
Can I check to see whether the other coins in my change are worth anything?
For collectors, any coin featuring a commemorative print is usually coveted.
A low mintage or an error, on the other hand, might often raise the price someone is ready to pay for anything you find in your spare change.
If a coin has a large mintage, such as the Sherlock Holmes coin, it’s a little simpler to discover one in your wallet.
Unfortunately, this means it’s not as sought after, as it’s possible to find one when the cashier pays you back your change rather than searching for one at auction.
However, you may look up how much a coin usually sells for on eBay.
Keep in mind that a coin may not have sold for the amount it was quoted for, and that fakes circulate online as well.
If you’re concerned, you may get your change validated by The Royal Mint, which will ensure buyers that they’re getting the real deal – and you could even be able to increase the price if you decide to sell.
You’ll also find that internet resources from professionals in the field of change, such as Coin Hunter, can assist you figure out how much it’s worth.
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