Brits have been issued a warning not to be “fooled” by a certain so-called valuable coin. According to an expert, people are wrongly listing a 50 pence piece for as much as £300,000 online.

However, you shouldn’t believe everything you see online. In a video posted to social media platform TikTok, an expert known as the Coin Collecting Wizard shared details of a coin that can be incorrectly priced.

“OMG have you seen this? A Queen Elizabeth 50p with a necklace!”

He referenced a 50p coin from 1997. On its obverse side (head side) Queen Elizabeth II’s portrait includes her wearing a necklace.

However, there is nothing special about this coin, he said. The expert continued: “People are going crazy thinking it’s rare and worth loads of money, but let me tell you the truth.

“To put this into perspective for you, the 1997 50p coin is one of the most common coins you can find in your change, with a mintage of 456 million. Yes, you heard that right. This is just a regular UK 50p coin.

“The necklace people are talking about, that’s actually part of the design.” He warned that some people are trying to sell the coin for “crazy prices”.

He said: “People are trying to sell these online for crazy prices and I get messages daily from people asking about this necklace coin. But don’t be fooled, it’s just a normal 50p worth, well, 50p.”

At the time of reporting, versions of this coin were listed on eBay for £5,086.70, £3,270.70, £2,556.70, and £1,026.70. Instead of the 1997 50p coin, the expert told people to keep an eye out for one known as the Kew Gardens coin.

The coin from 2009 showcases the gardens’ iconic Chinese pagoda on the reverse (tails), whilst the obverse features Queen Elizabeth II.

The Royal Mint notes on its website that collectors “go crazy” for the Kew Gardens 50p. It said: “If you were to ask collectors which coin got them started, the chances are it was the 50p.”

Previously, the Coin Collecting Wizard estimated that this coin was worth about £150. He added: “If you really want valuable coins, look for actual rare ones like the Kew Gardens 50p or error coins.

“And of course, the best way is to follow me for more coin collecting tips.”