Created to capture an important moment in modern British history, the Brexit 50p coin means more than just currency to its collectors and nostalgists. For many, the coin is a representation of new beginnings and a redefinition of British Identity. The general public has a shot at owning a small piece of history while the rare, precious few, including the infamous botched Edition, are some of the most valuable Modern Coins in the UK.
What was the Purpose of the Rare Brexit 50p Coin?
On 31 January 2020, the United Kingdom departed from the European Union, After years of political challenges and two deadline misses, the final and confirmed departure date was decided. The Royal Mint created a keepsake for the moment.
The inscription on the reverse was meant to articulate Britain’s commitment to working with International partners after Brexit and reads: The coin was put into General circulation on the same day the United Kingdom left the European Union.
Why the Coin Had Three Dates
With several setbacks in the Political process of Brexit 50p coin, the Royal Mint also had to delay releasing the coin several times. Because of this, there were three different versions of the coin for three separate dates.
March 29, 2019: The Original Brexit Date
This date appeared on commemorative coins that were only minted in small numbers in 2019. At the time, the date was to specifically symbolize the United Kingdom’s departure from the European Union. After the Brexit date was later extended, very few of these coins were released. Basically, only trial pieces, which were primarily produced for internal distribution at the Royal Mint, were produced.
Approximately 1,000 produced
- Public distribution: Non-existent as they were planned to be destroyed
- Expected to survive: Less than 10
While these trial pieces are among the rarest in the history of the Royal Mint, they can take the title of being the most rare.
October 31, 2019: The Botched Brexit 50p Coin
The second proposed departure date led to over 1 million coins being manufactured and almost released. However, just a few days before they were to be circulated, Brexit was delayed again. Because of this, the majority of the coins were melted.
Two coins were unaccounted for and escaped destruction.
- Botched Rare Brexit 50p Coin: Name given to the coin
- Rarity: Estimated as being two in the world
- Authenticated: One of the two by Spink & Son
- Estimated sale value: £40,000 and up
After the botched Brexit coins were released, they gained popularity and sparked numerous online auctions and media frenzies centered around their rumored existence.
January 31, 2020: The Final and Official Coin
Compared to the other coins above, this coin is more well known. Over 10 million of these coins were created and put into circulation, and were sold to collectors with packaging to commemorate the occasion. The media was present for the event.
- Variants and Collector Editions
- Alongside standard coins in circulation, several restricted edition variants of brexit 50p coin error were created.
Botched Rare Brexit 50p Coin Value
These coins hold significant interest and value for collectors and numismatists, especially those created as a result of historical accidents. The coin with the production date of 31 October 2019 is a prime example.
- Approximately two are known to exist.
- Only one has been authenticated.
- Potentially more could exist.
- Pricing estimates range between £40,000 – £50,000.
Coins from this date are expected to garner strong resale prices, whether at auction or private sale.
If you find a coin with the date of 31 October 2019, you could be in possession of one of the most valuable UK coins created in the last 50 years.
Rare Brexit 50p Coin Spotting Guide
Coins are not all the same, and each has a slightly different appearance, but if you encounter any of the following, you may have a coins with increased value.
1. Check the Date
- Standard edition coins have a date of 31 January 2020.
- A date of 31 October 2019 is the infamous “botched” Brexit coin.
- A date of 29 March 2019 is from a trial run and is extremely rare.
2. Look for Packaging and Finish
- Brilliant uncirculated coins come in Royal Mint folders.
- Limited edition coins come in boxes and include a certificate of authenticity.
- Proof coins have a mirror-like finish with razor sharp detail.
3. Professional Verification
If you suspect you’ve found a valuable coin, you should have it appraised. The company NGC and the PCGS are trusted services. The Royal Mint offers authentication support.
Public Opinion and Political Symbolism
The public’s opinion about the creation of the coin was mixed. For some, it was an expression of national pride, while it was viewed by others as an inappropriate political stunt.
- Critics noted the absence of an Oxford comma in the inscription.
- Supporters stood in long lines at banks and post offices for the first sale.
- Some experts said the coin design was simple and had great symbolism.
Politics aside, this coin will always be cherished as a commemorative coin in ledger Numismatics with the modern British history.
How did Brexit 50p coin Perform at Auction?
Brexit 50p coin have in the past made news following an extraordinary rise in price.
- A first day coin from 31 January 2020, sold for £10,000 on eBay.
- Coins in the gold proof had at the time (and possibly even still now) sold for more than their original price.
- The 31 October 2019 coin sold for £40,000, making it the most valuable coin of the series.
- The silver proof edition often sells for over double the original price.
Frequently Asked Questions
Are rare 50p brexit coin still legal tender?
Yes, all rare 50p brexit coin kept their legal tender status. But like a valuable coin, it would be strange to spend it in shops.
Where can I find one?
Still, there is a chance you will find a 31 January 2020 coin in your pocket. The others will require more digging and a visit to collector sellers and specialized coin dealers.
What should I do if I think I have a rare version?
Leave the coin as is, it has value as is and should remain clean. Reach out to a coin grading company, or go for an auction house to figure out its value as is.
Are silver and gold editions good investments?
Gold and Silver editions remain appreciated and popular amongst coin collectors.
Tips for Beginner Collectors
- Use acid-free, non-PVC containers to store your coins.
- Maintain the value of proof coins by keeping them in their original boxes.
- Don’t touch coins with your bare hands. Cotton gloves would work.
- Keep a record of the purchase date, type of edition, and the seller.
- Political history makes coin collecting a game, and an investment.
Final Thoughts
As one of the most popular recent releases, the Brexit 50p has become one of the most talked about UK coins. Some think of it as a coin of remembrance for sovereignty, while others think of it as a numismatic coin with a real monetary value. Rare brexit 50p coin and the subsequent March 2019 Trial Issue have quickly gained a following among investors and collectors. While most have a face value, a few could be worth tens of thousands, with the right knowledge.
