20k For Undated 20p

john99t-reg · June 30, 2009

item number 350220074531, just out if interest typed in 20p into eBay to see what some muppets would pay for undated 20p, can't believe what people have as buy it now prices and what the bids are on these things, sorry if this has been posted before.

ormi · June 30, 2009

that is mental date or no date its still only worth 20p

Mike_B · July 1, 2009

The Royal Mint are offering £50 for each coin, but only for the first 10,000 applicants, and then only for a limited time. So technically the coin is worth £50 if you get in there quick.

Strikes me that they are putting about the rumour that they will be worth a lot more than that later on, to avoid having to pay out £50 for many coins. That way they are 'seen to be taking it seriously' by offering a reasonable sum for their return, but also guaranteeing that lots of them will remain in circulation by hinting that 'collectors' will pay large sums for them later on. But of course, if too many of the coins remain out in the wild, then they will not be very rare at all and so the market price will remain low. As they come into banks, after being spent, they can be removed from circulation for free.

gsportcars · July 1, 2009

They will be in and out of banks without notice unless the coins are all checked.

I work with vending and gaming machines so I have hundreds/thousands of 20p's being counted each month. Don't really want to search through them all but maybe just a few lol.

Steviewevie · July 1, 2009

It's not the Royal Mint that's offering £50, it's the "London Mint", a commercial company that's nothing to do with the Royal Mint. If a company is offering to buy them for £50 each you know they must be worth a *lot* more !