PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
EARLY PADDINGTON BEAR COIN CAUSES STIRDavid Pickup forwarded this Telegraph article about the eBay sale of a new Royal Mint 50p coin. Thanks. -Editor
The Paddington Bear coin has not yet been released by the Royal Mint, but seller Jordan Mcilquham said she had found the coin in her change "after a quick shop" in Caerphilly, south Wales. Overall, 116 collectors fought for the coin, the only one currently in circulation, before the sale was won. According to This is Money, when the Royal Mint discovered the coin had been found by the student, it demanded it be sent back and the eBay listing taken down. To read the complete article, see: David asks: If the coin was accidentally released early won't the value fall when it is fully available? This article from The Star doesn't answer the question, but does note the immiment release date for the coins. -Editor
THE Royal Mint is set to release two new Paddington Bear 50p coins on Monday – as a leaked unreleased coin is already being flogged for £16,000 on eBay. The uncirculated silver coins come with rare colour detail, in celebration of Paddington Bear’s 60th anniversary. It features the iconic Peruvian bear in two of the most iconic locations from his London adventures – Paddington Station and Buckingham Palace. The coins will go on sale on the Royal Mint’s website from Monday, June 18. Dave Knapton, the coins’ designer at The Royal Mint, said: “I loved reading the books about Paddington when I was younger, and felt a real sense of nostalgia as I was designing these coins."  The news comes as a student claimed they had found one of the rare Paddington Bear coins in South Wales and listed it on eBay at a whopping £16,100, reports Express.co.uk. Responding to the alleged leak, Royal Mint later told This is Money: “It has been reported to us that a commemorative 50p coin featuring Paddington Bear has been spotted. “We have undertaken our usual review when we are informed by the general public of such matters. "However we can confirm that at no point was any commitment given to purchase the coin. “The launch of the new Paddington Coins will proceed as originally planned.” To read the complete article, see: As we've noted before there's a huge difference between an ASKING price and an actual SELLING price. The articles said the coin was "listed" (or "being
flogged at") £16,100 on eBay. That's not a sales price. I can list my dog's vomit that looks like Englebert Humperdink for $20,000 but that doesn't mean anyone will buy it. Media
glom onto these outrageous listings prices because the headlines make good clickbait.
In this case it seems there was a bid, but it was likely fake. Jordan added: "I'm not a coin collector so it was a bit of a surprise. I have been contacted by the Royal Mint. We had advice and were told it was their mistake so I could keep the coin if I wanted to. "I put it up on eBay and it went up for £16,000 but I think it was a fake bid. It's currently still in my bedroom. I'm just keeping it for now. "I'll have to get in contact with eBay and see what can come of it because I'm worried as there are so many fake bidders." To read the complete article, see: I do have a question, though. The coins are supposed to be colorized and the eBay listed piece is uncolored. Does that make it an error? -Editor
Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
|
