Hamburg 2 euro coin with Elbphilharmonie: value and collector interest

Hamburg 2 euro coin with Elbphilharmonie: value and collector interest

You've probably already gotten your hands on a few 2 euro coins. In addition to the standard coins, there are also special editions, for example those of the German federal states. These are now even being reissued with their own landmarks. Two of them were already released in 2023 and have found their way into the hands of some coin collectors. Others offer them for a lot of money on Ebay, classified ads and the like. In particular, the Hamburg 2 euro coin with an image of the Elbphilharmonie seems to be particularly sought after and valuable.

According to a report by www.derwesten.de The Elbphilharmonie Hamburg, also called “Elphi”, is one of the landmarks of the city and the federal state of the same name. That's why it has now made it onto the back of the new 2 euro commemorative coin. It is the first of 16 coins from the new “Federal States II” series and has been on the market since January 2023. The nominal value is of course two euros. This means: If you show it at the supermarket checkout, you will only get goods for 2 euros. But if you look around on Ebay etc., you will find incredibly expensive advertisements there. The coin is sometimes offered for 2,500 euros or more. So can you really make money with this?

As a financial expert, however, I can confirm that the real value of such a coin usually arises from incorrect minting or low mintages, which increase the rarity value. This makes them more interesting for collectors, which is why owners who are interested in selling can sell them for a significantly higher price than the face value. Collectors sometimes pay a fortune for particularly rare misprints.

A conventional 2 euro coin with the Elbphilharmonie on it is currently traded for around three euros at several online sales outlets. With uncirculated it costs a little more. Collectors should therefore not spend more on a copy without errors, as the coin was minted a total of 30 million times. So it is not a rare collector's item and can even be had for the new price of 2.90 euros - something from the coin trading company Historia Hamburg.

These facts indicate that the high demand for the Hamburg 2 euro coin featuring the Elbphilharmonie exists due to collector interest, but the actual value of the coin does not differ significantly from the face value. It is recommended to be careful and not go for inflated prices unless it is a rare mis-minting or limited edition.

Overall, the market for €2 coins and collectibles appears to remain solid as there continues to be a large number of collectors willing to pay higher prices for rare coins. It could also be a good way for investors to diversify their portfolio and potentially benefit from the collectibles market.