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This week's Top Picks...



Undated 20p

The Undated 20p - What's it All About

and When Should I Sell Mine?

Back in 2009 this phenomenon hit the headlines (though the coin in question was released in 2008). Not for 300 years had the Royal Mint made such a pressing error. 

In case you are unsure of the history, the Royal Mint decided to change the design of their twenty pence piece. Previously, the date had appeared on the tail side of these coins, but the new design would have the date on the head side. However, a percentage of these new coins were pressed without any date on whatsoever. The number is somewhere between 50,000 and 200,000 (quite a small number given the tens of millions in circulation).

At some point the Royal Mint discovered their error and stopped pressing the erroneous coins and made an effort to recall those that had already been circulated. The result was a frenzy of activity on some auction sites with undated 20p pieces reputedly selling for thousands of pounds, though very few high value transactions actually seem to have occurred. Despite many coins being returned to the Royal Mint, there are still some in circulation and trading continues.

So if you have one of these undated coins - what do you do? Do you sell it now or wait in the hope that it will rise in value in the future?

At present (September 2010) these coins seem to be selling for between 70 and 150 GBP. Claims that some sell in the thousands appear to be unfounded (but I may be wrong).

With reportedly millions of coin collectors worldwide, it seems likely that these coins will increase in value over time.

Having said that, I have now decided to part with my undated 20p mule coin. Although it entered circulation, it is still in very good condition. If you are interested in taking a look then please click here.


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