Kew Fall Continues

The slide in the sales value of the famous Kew Gardens 50p coin continues almost as quickly as its recent rise (see my earlier post).

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While some people have been slow off the mark to list their Kew 50ps for the £100+ the media told us they were worth just a few days ago, these attract no bids on eBay.

Instead we have watched as the artificial £100 price spike built on the back of a Royal Mint press release about its range of Great British Coin Hunt collectors’ albums swiftly fell to £80 by the end of the weekend, to £50 on Monday / Tuesday and today (Wednesday) the large number of Kew coins plucked from circulation because of the recent media storm are selling for twenty-something pounds.

It looks like the artificial price spike will have faded completely within the week and the value of this coin will shortly return to the £15 to £20 level it previously held.

I don’t know who is kicking themselves harder: those who didn’t get their coins auctioned during the two-day price spike or those who paid £100 for a coin a week ago and now watching as the prices for the same coins spiral towards less than £20.