Coin collector warns of scams as rare 50p Brexit coin sells for £20,000

A TikTok user, known as @CoinCollectingWizard, warned collectors about a 50p Brexit coin being sold for £20,000, which is actually worth just 50p. He emphasized that the coin has a mintage of over 5 million. The warning comes as rare coin collecting gains popularity, leading to inflated prices from sellers. The Brexit 50p was minted to mark the UK's planned EU withdrawal but was delayed, causing confusion about its value. Collectors are advised to research coins thoroughly and check sold prices instead of live listings. They should also examine coins for imperfections and consult experts if unsure about a coin's authenticity.