Rare coins worth £1,500 – do you own one?

A rare 50p London Olympics coin with a small defect recently sold at auction for £1,500. How can you spot these faulty coins and how much could you get for them?

Rare coins
(Image credit: Getty Images)

If you have any spare change lying around, it’s worth checking if any of them are faulty, as a rare error coin could be worth hundreds of pounds. 

Error coins are scarce, just like vinyl collectables, first-edition vintage books or rare Barbie doll collections, which boosts its value due to the rarity and levels of demand.

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.

With contributions from