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Rare ‘misprinted’ 20p coin sells for £56 – and you could have one in your pocket

One rare 20p coin being sold for a staggering £56 after it was discovered it had a significant error following a flurry of eBay bids.

On the bidding site, the seller claimed the coin to be a "mule" coin, which is a term used to describe a coin that was printed without a date on it.

Thousands of the misprinted coins are thought to have gone out to the public when they were released into circulation, meaning you could potentially be walking around with a very valuable 20p coin in your pocket.

20p coin designs were altered by the Royal Mint in 2008, which led to the error.

The date showing when the coin was printed was accidentally placed on the front next to the Queen's head when it should be on the back.

But in a few cases, reports StokeOnTrentLive, the old stamp was accidentally used – meaning a batch was issued that no date on either side of the coin.

To check if you’ve got a “mule” 20p, the numismatists at Coin Hunter have issued the following step-by-step check.

On the Coin Hunter website, it explains: "To check 20p coins quickly, do not look for a date as the date can be top left or bottom right.

"Find just the new designs shown in the top left image and flip the coin over to just check if ELIZABETH is written across the top. This will be an undated 20p."

This particular "mule" 20p sold for £56 on August 11 after receiving 16 bids on eBay following a ten-day auction.

The seller listed it as "EF" which stands for "extremely fine" and is a term used by coin collectors to describe the condition of a piece.

Experts at Coin Hunter estimate that an undated 20p will typically sell for between £50 and £60, and one recently fetched £57 on eBay.

But if you're planning on buying a coin, be aware of fakes being sold on eBay so you don’t get scammed out of money.

You can get coins verified by the Royal Mint to check if they are the real deal.

A Royal Mint spokesperson said: "The Royal Mint can confirm a small number of new design 20p coins were incorrectly struck using the obverse from the previous design, as a result, these coins bear no date.

"The issue was quickly resolved. The Royal Mint would like to assure the public that these are legal tender."

This isn’t the only currency "misprint" that has sold for a mint on eBay in recent weeks.

A rare £1 coin that had also been "double minted" fetched a whopping £253 on the auction site.

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