Is your spare change worth a mint? ChangeChecker’s eBay tool reveals what your coins are REALLY worth
EVERYONE seems to have gone coin crazy over the last few years.
In fact, The Sun Money's virtual postbag is stuffed full of emails from readers asking just one question: "How much is this coin worth?".
But the truth is that the value of the coin is just what a collector is willing to pay for it.
Now, the experts at have creasted a new league table of coins to help sellers determine a realistic selling price.
Here at The Sun we only ever base a coin's value on the most recent sold price on eBay.
Even then you can't guarantee that a seller has paid out for it.
But ChangeChecker's new league table goes one step further by tracking the last 9 sold prices on eBay.
It is updated every six months to show whether the coin has gone up or down in value.
Of course, you may be able to get a fair bit more for your coins if you're lucky but it's a good guide if you're trying to flog them.
It's no surprise that the UK has gone coin made with some of them fetching as much as £75.
One lad from Bristol even quit his job as a builder to sell coins on eBay and now he makes up to £70,000 a year.
Interestingly, the price tracker also features the new plastic £5 and £10 bank notes.
MORE ON COINS AND NOTES
When the £5 note was released into circulation in September 2016, serial numbers became the talk of the nation.
Many were tipped to sell for THOUSANDS of pounds but now they are selling for just over double the price.
While the first £10 notes - those with AA01 serial numbers - sold for £7,200 at auction.
A plastic tenner with a low serial number is worth £21 to collectors.
ADVERT: to see where you may stand with lenders.
The dangers of selling your coins on eBay
THE most valuable coins are usually those that have low mintage numbers or those with an error.
The most valuable coins are usually those that have low mintage numbers or those with an error.
These are often deemed the most valuable by collectors.
Once you’ve found out whether the coin is real or not, you have a number of options - either selling it through a coin dealer, at auction or on eBay.
Sell it at auction
If you’ve got a coin that you would like to sell at auction then you can contact a member of the British Numismatic Trade Association.
They usually deal in very old coins but they may be able to help you assess whether it’s worth selling your coin at auction or whether it would be valuable to collector.
Sell it on eBay
If you want to sell the coin you’ve found in your spare change on eBay then you need to know the risks.
Remember to set a minimum price that is higher or at the very least equal to the face value of the coin.
Even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough out.
It 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 acout 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.
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