Current InformationDon't be fooled people. The recent undated mule 20p coin is of no substantial interest to serious collectors. If you can get more than £15 for one then go for it, they have no long term investment value.. Check with Coin Collector Magazine or any other reputable numeric source.
Coin value history shows that the value of these particular coins in immaculate mint condition is unlikely to rise beyond £10 - £15 in real terms for at least 150 years - check any coin value source and you'll see why.
The limited company (yes, it's for profit) The London Mint Office currently (Sept 2011) claims to offer £100 for undated 20p's, again if you can get this then go for it. Let us know if you are successful.
BTW The Royal Mint does not buy back coins. It occasionally will allow recalls through banks and Post Offices at face value.
Mule 20p's are to date the 21st centuries' biggest con... read on with caution;
Read more at the links below.
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Due to a minting mishap, using the 20 Pence obverse die from the earlier design and the new reverse die, some of the 2008 release of 20 Pence coins has no year, the first such British coin in over 300 years.
The Royal Mint advises that they are still legal tender and that less than 250,000 dateless coins of the 136 million 20 Pence coins minted were issued before the error was noticed. The unaffected coins appear as they should with the year (2008) on the obverse.
There is a private company, the London Mint Office, offering £50 for these coins. The general consensus appears to be that this offer should not be taken up.
See the link to the Royal Mint.
Read on for opinions.
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Experts are predicting that the value of the coin could be worth £200 in 10 years time?
The real current value of the 20p coin at the moment is £200. As you can see on eBay, they easily sell for this much. As a majority of the people think that the real maximum value (rmv) is only £50, a lot of people will start selling their coins for £50 to the London Mint Office.
At the moment approximately 99% of these coins are available, and anybody can very easily obtain one by searching their pockets or buying one for £200 on ebay.
However, in 10 years time, there will only be 0.01-1.00% of these coins around, as a majority will be withdrawn by the Royal Mint. In 10 years time, the coins will be significantly rarer than it is now.
Do not sell yours for £50 if you have one, wait a few years and see how much it is worth. The price of it is increasing daily at a rapid rate.
There is no truth whatsoever in the suggestion that the Royal Mint is withdrawing these mules as it has confirmed that the coin is legal tender.
If you have no need to sell your specimen of this coin, then don't but don't expect its value to climb. Only 120,000 1951 pennies were struck and even in BU condition, you would be lucky to get the £60 quoted for it in Spink. Bear in mind that there are probably not 250,000 coin collectors interested in owning this coin! At the moment the mules sell for about £50 on eBay.
The suggestion that the value of one of these mules will be £200 in 10 years time is completely inconsistent with what is happening on eBay now, where you will find dozens of these available for sale, some with buy-it-now prices of £50 or £60. The prices show no sign of increasing day to day, if anything, quite the opposite, exacerbated by the fact that these coins have been counterfeited by the Chinese and one eBay seller had his account closed for selling hundreds of these fakes.
The London Mint Office - nothing to do with the Royal Mint - offered 25,000 people, irrespective of whether they actually owned one of these coins, the right to sell it to the company at £50. Many who registered will not have had one of these coins but the London Mint Office boosted its mailing list by 25,000, quite savvy from a marketing and publicity point of view.
The bubble has burst for these coins and they are now at a price where they are likely to stay for many years.