Any of you remember about the rare undated 20 pence? How much do you think the market price of this coin today? A company founded in 2006 and based in London, London Mint Office is offering a buy price of £100 for your 20 pence coin. You need to register at their website to get this offer and they will sent details on how to identify the undated 20 pence coin after your registration. There is a maximum of one registration per household, a further 10,000 places are now available but these will not last long. It also includes other materials including a money-off voucher, which all registrants are entitled to regardless of whether or not you find an undated 20p. You are under no obligation to sell the coin should you find one, but once you are registered, you have the option of accepting The London Mint’s £100 buy price.
In 2008, this undated 20p coins has caused a great deal of excitement among coin collectors because the Royal Mint, in Llantrisant, South Wales, is normally so careful about the manufacture and release of coins into circulation. The Royal Mint's usually impeccable quality control somehow slipped up and the so-called 'mule' escaped into circulation. Many sellers in eBay are offering their coins at prices of up £20,000. The NEW reverse side (tails) and the OLD Queen's portrait side have been put onto the same coin. The old heads side has NO DATE and this has been matched to the new reverse which also has NO DATE which means the coin has no date on it at all.
According to the London Mint website:
Since July 2009 the value of the Undated 20p has doubled from £50 to £100, suggesting the coins are rarer than initial estimates indicated.Do you agree that the price for this rare 20 pence should be at £100? I have seen someone sell them in eBay for over £200. What a great way to promote a new mint.
Source: London Mint.
