A 50p coin created to remember the Battle of Hastings is causing quite the stir after an eBay seller put it on sale for £2million.
While it’s unlikely that any buyer will cough up that amount, other sellers have managed to raise as much as £7,300 by selling the same 50p.
The coin, which was issued in 2016, is hardly rare, despite reports.
In fact, there are 6.7million of them in circulation, according to ChangeChecker.org.
In November, another Battle of Hasting 50p coin sold for a very respectable £7,300 on the auction website, after receiving 42 bids.
Other sellers have managed to rake in £3,000 and £2,000.
So, while the coin is unlikely to net the seller millions it’s still worth a pretty decent bob or two.
The reverse of this coin was designed by John Bergdahl and is inspired by the Bayeux Tapestry.
It was created to remember the day when King Harold II was defeated by William the Conqueror, leading to the collapse of the English army.
The most valuable coins are usually those that have low mintage numbers or those with an error.
While the 50p Battle of Hastings is quite common, it has become sought after by collectors.
In the past few years, it seems like the UK has gone coin and note crazy.
When the new £1 coin was introduced in March hundreds of them turned up on eBay.
Some sellers even tried their luck by listing them for as much as £3,000.
Even if a coin does sell on eBay, there’s no guarantee the seller will pay out.
In its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality.
The most eBay can do is add a note to their account about the unpaid item or remove their ability to bid and buy.
This is because in order to sign up to the website users do not need to put in valid bank or PayPal details before making a bid.
If a bidder refuses to pay, then the only option for sellers is to give “second-chance offers” to other bidders or relist the item.
For items of a high value eBay recommends that sellers put a limit on their listing to approve bidders.
It means bidders must email you before placing a bid but NOT that they must pay out the cash if they win.