Royal Mint releases faulty 20p coins worth possible £50 each
In a remarkable turn of events the Royal Mint has today confirmed that a batch of faulty 20p coins have been released into the UK economy. However, while the coins are faulty they are still legal tender but if you are lucky enough to find one then perhaps you should consider retaining it for the future!
It has been revealed that the coins, which bear no date of issue, are the first such coins to be released into the UK economy in over 300 years. Experts believe that each of the faulty 20p coins could be worth anything up to £50 each in the coin collection market. It is estimated that between 50,000 and 200,000 of the 20p coins in question are already in circulation even though production stopped at a very early stage once the error was spotted.
Akin to something like a treasure hunt in the UK, many shop workers and consumers up and down the country will today be checking their 20p coins to see if they are from the "faulty batch". In these times of economic hardship a handful of these 20p coins could literally be worth their weight in gold!
Share this..
Related stories
Tax scams on the increase
HM Revenue and Customs has revealed that 83,000 scam e-mails were sent to UK taxpayers, supposedly from the tax authorities, in September 2009 alone. On one day it was reported that 10,000 of these "phishing" e-mail were received which are nothing more than scams to get your personal details. Unfortunately, while 83,000 attempted scams have been reported, many more which have either been ignored o...
Read MoreCan Alistair Darling hold on to the position of Chancellor of the Exchequer?
Despite the fact we are only a few months away from the next general election there is serious concern this evening that Alistair Darling has made a mess of the UK economy and the UK banking crisis. He is under attack from all sides after today announcing a massive change in the UK banking sector which will effectively take the industry back decades. While there are reasons for dismantling some of...
Read MoreWhy did the bidder walk away from National Express?
As we covered yesterday, Brian Souter, one of the founders of Stagecoach, is apparently trying to put together an all paper merger of National Express and Stagecoach which he believes would be a very powerful company in the UK. While there is some concern as to whether the Stagecoach management are indeed behind this plan, more questions are being asked as to why the private equity bidder walked a...
Read MoreMervyn King attacks UK government and £1 trillion support for banking sector
In a move which will not be appreciated by the UK government, Mervyn King, the Governor of the Bank of England, last night went on the attack and issued a stinging criticism of the UK government bailout of the banking sector. He described the £1 trillion government supports as "breathtaking" going on to suggest that the UK taxpayer will be in debt for a generation because of the bank bailout.
Insolvencies set to increase in the short to medium term
It has today been revealed that Begbies Traynor, one of the U.K.'s leading corporate rescue and restructuring companies, has seen a massive increase in enquiries over the last few months. The insolvency division itself which accounts for over 80% of the company's profitability is currently running at a near full capacity as the problems of the UK economy start to hit home to many companies.
...