The Royal Mint has made 200,000 20p coins without a date and a coin dealer has set up a very generous offer whereby the first 25,000 people to register online will be able to sell these coins for a profitable £50.00 . Their special website, www.undated20p.com, today says the first 10,000 places have gone with a further 15,000 places being made available now. I have registered even though I haven’t got one of the coins as there’s still a chance I may find one and apparrently I will get a discount voucher and have the opportunity to be contacted by “carefully selected partners” if I forget to uncheck the box on the application form. This seems very strange – almost like a stunt, but I can’t see the catch yet.
Some people are paying enormous sums for these coins on ebay where they are currently fetching several hundred pounds each. But this one really takes the prize – someone has just (within the last 10 minutes of writing) paid £31 plus 50p postage for a perfectly ordinary 20p piece – complete with date. Check it out on ebay here… http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=270417730152. The vendor has been very lucky with this and has confirmed at every question that this is not one of the undated coins, but still 11 bidders have been battling it out to become its new owner.
I guess eBay will be blamed with something in all of this, but lets face it – is this not just plain greed?
Update: Thanks to Adam below for pointing out that it is indeed a coin dealer trading as The London Mint who has set up the website and seems to be offering £50 for these coins, not the Royal Mint. I suspect I am not the only one who has failed to see through this.