Rare 50p coin from London 2012 Olympics is now worth 500 times its face value

The 2024 Paris Olympics is nearly upon us, with the prestigious games set to commence on July 26. It's common for major sporting events to release collectable memorabilia

The 2024 Paris Olympics is just around the corner, set to begin on July 26.

Major sporting events often release collectable memorabilia, like the special coin collection released during the London 2012 Games.

To mark the occasion, 29 uniquely designed coins were introduced. Now a TikTok user revealed one particular coin from the collection is worth 500 times its face value.

READ MORE: Brit finds rare coin collection using metal detector – with one worth staggering sum

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User @CoinCollectingWizard, who has a following of 168,800 people on the platform, is known for his rare coin finds. In a recent video, he focused on the Athletics 50p coin.

He stated: "If you are lucky enough to have this 50p then it is now worth £200. Collectors are keen to get their hands on this piece of history.

"The rare coin features an athlete in the London Olympics as drawn and depicted by the young viewer back in 2009. But it wasn't until 2011 that the coin was officially minted and distributed to the public.

"Around 2.2million of these coins were minted in 2011 and released into circulation. However, an earlier version of the coin was minted in 2009 and is much more valuable to collectors."

The user suggested the value of the coin increases significantly when it's accompanied by original packaging featuring images of Blue Peter presenters.

In a recent online sale, one such coin fetched an impressive £257 on eBay - that's a staggering 500 times its face value!

The user concluded: "This is a sought after coin among collectors, good luck finding this very special 50p."

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Since hitting the internet, the post racked up heaps of likes and comments from the community. One user confessed: "I have one of these."

While another added: "Great video." Meanwhile, a third commented: "I wonder if the coin hydrologist has one."

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