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Why are coins with the Elbphilharmonie engraving so expensive? A financial expert explains why.
Coins with the Elbphilharmonie engraving are being advertised on Ebay for thousands of euros. But not all of them are actually worth that much. Sometimes there are real treasures in your wallet: coins for thousands of euros are offered on the online marketplace Ebay, among others - but they look completely ordinary. At least at first glance. Among the advertisements there is also a copy that shows a picture of the Elbphilharmonie on the back. The 2 euro coin “Elbphilharmonie” is for sale online for 2,500 euros, among other things. And this despite the fact that, according to the specialist portal münzen.eu, their value is actually only around three euros. So why do some people demand...
Why are coins with the Elbphilharmonie engraving so expensive? A financial expert explains why.
Coins with the Elbphilharmonie engraving are being advertised on Ebay for thousands of euros. But not all of them are actually worth that much.
Sometimes there are real treasures in your wallet: coins for thousands of euros are offered on the online marketplace Ebay, among others - but they look completely ordinary. At least at first glance. Among the advertisements there is also a copy that shows a picture of the Elbphilharmonie on the back.
The 2 euro coin “Elbphilharmonie” is for sale online for 2,500 euros, among other things. And this despite the fact that, according to the specialist portal münzen.eu, their value is actually only around three euros. So why do some sellers demand so much more money for the shimmering thaler?
Error on the coin? Then it could be valuable
The answer: keyword misprinting. Behind it, which can already be seen from the word, are small flaws in the material or coin design. Because there is strong quality control in the coins produced, mismintings are rare and therefore popular with collectors.
Such rare mismintings also exist from the 2 euro “Elbphilharmonie” coin. The coin itself has a circulation of around 30 million. The commemorative coin has been in wallets since the beginning of 2023.
Another well-known example of valuable misminting from Hamburg: a 50-pfennig coin from the Hamburg Mint (J) from 1949. At that time, coins with the inscription “Federal Republic of Germany” were already in circulation instead of the still valid inscription “Bank of German States”, according to the website of the MDM Münzhandelsgesellschaft from Braunschweig. Today only seven coins are known to exist. The value of a coin would be in the five-figure range, according to the company.
Recognize valuable blemishes on the coin
And how can you recognize incorrect embossing? The flaws come in different versions. For example, there are so-called stamp cracks - then slight cracks appear on the coins. In other cases, the stamped motif is twisted. Then the stamp does not hit the coin at the standard angle. This variant is considered one of the most common incorrect embossings. There are instructions on YouTube, among others, on how to recognize incorrect embossing yourself.
Important: Even if coins are offered on Ebay for a lot of money, it does not automatically mean that they will be sold for that value or have that value. If someone would like to have the value of a coin checked, they should contact an expert.
The article reports that coins with an Elbphilharmonie engraving are offered for high prices on online marketplaces such as eBay, although according to the specialist portal münzen.eu they are actually only worth around three euros. This difference in value can be explained by incorrect minting, where there are small flaws in the material or coin design. Such mismintings are rare due to the strong quality control in the production of coins, which is why they are very popular among collectors. The 2 euro coin “Elbphilharmonie” is also affected by such misminting. Although it has a mintage of approximately 30 million, there are rarer variants with mis-stamping that may have a higher value.
A well-known example of valuable misminting from Hamburg is a 50-pfennig coin from 1949. At that time, coins with the incorrect inscription “Federal Republic of Germany” instead of the correct “Bank of German States” were already in circulation. Today there are only seven known coins with this misminting, which have a value in the five-figure range.
There are several types of misminting that can occur on coins. A common variant is die cracks, where slight cracks appear on the coins. Another common misminting is a twisted design, where the die does not strike the coin at a standard angle. There are instructions on YouTube on how to recognize such misprints yourself.
However, it is important to note that not all coins that are offered at high prices on Ebay actually have that value or are being sold. To check the value of a coin, you should contact an expert.
According to a report by www.t-online.de,
Read the source article at www.t-online.de