There appears to be a coin that could be worth up to €169,950 due to minting errors. The news comes from an online auction, in progress on Ebay, which sees a seemingly very popular coin, but in fact it has some characteristics to make it unique.
Of course, when it comes to minting bugs, you have to be extremely careful. It is not easy to determine the value of these currencies which have errors, omissions or marks that can only be the result of usury. “Official” minting errors, that is, those that the population recognizes, are few and very rare. For others, it is the market that makes the value of the currency. Let’s try to understand which coin it is and why it is so rare.
A mis-minted coin is equal to €169.950: here’s which one is
Incredibly, we are talking about an Italian currency that we all constantly have in our wallets, a 50 euro cent coin with legal and current value. The coin, just to be more clear, is the one on the reverse showing a reproduction of the center of Rome’s Piazza del Campidoglio, with the Roman equestrian statue of Marcus Aurelius at the center of the geometric design created by Michelangelo Buonarroti.
The minting errors made by the owner of this coin, who asked for an incredible amount of 169.950 euros to sell it, are in fact quite evident from the photos. We are talking about various shortcomings, all concentrated in the upper left quadrant of the verse, which contains the described notch.
The mintage error, in fact, consists in the absence of 5 out of 12 stars marking the outer edge and which reminds of the founding states of the European Union; In the absence of the letter R which is the symbol of the Italian mint, and in the absence of the horse’s tail in the equestrian statue of Marcus Aurelius.
Is this coin really worth 169,950 euros?
As we already mentioned in the introduction to the article, determining the true value of a coin is practically impossible. Especially if you are not an expert in this sector and do not know the history of the coin. Certainly, this error that we have talked about presents obvious errors that deserve attention and in-depth analysis.
Unlike many other coins that were considered mintage errors, taking advantage of people’s inexperience, as in the case of the 1 Euro coin from Greece. Today we cannot say for sure whether this staggering number is correct, because the market, as we have said, is determined by supply and demand. The value of that currency is likely to be determined by the supply that goes to its owner.