The Royal Mint originally made the 50p available in the 2020 annual set, but it has been launched again for collectors to purchase via its website. The official keepsake features the Team GB logo and represents the return of all olympic sports with dynamic sporting icons etched on the coin.
Available in Gold, Silver and Brilliant Uncirculated, the coin launches with just over one month to go until the Olympic Games.
Originally due to take place last year, the event was postponed due to the pandemic.
The basic coin is on sale for £10, a coloured version for £20, a silver one for £67.50, an extra-heavy silver coin for £105 and a gold coin for £1,005.
To celebrate the launch, the Royal Mint gifted the coin as a good luck token to Team GB qualified athletes.
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“The design of the coin, with its contemporary sporting icons, flashes of colour and commemorative date on the surface of a 50p, represent the breadth of British sporting talent coming together as one and gives a nod to the vibrancy of the host nation that will resonate with athletes, sports fans and coin collectors ahead of the greatest sporting show on earth.”
Team GB’s Head of Licensing, Paul Ellis, added: “Our licensing agreement with The Royal Mint has gone from strength to strength and it gives me great pleasure to launch the official Team GB coin so that fans can show their support for their sporting heroes by owning a special commemorative keepsake with just over a month to go until the Tokyo 2020 Olympic Games.”
Coin website changechecker.co.uk said: “I’m sure the coin collecting community will be sent into a frenzy once more, with the demand for this coin already being high.”
The morning the coins were released, they were also being traded on eBay for £40.
Special commemorative coins usually sell for a lot more than they go on sale for.
A new £50 was also recently launched by the Bank of England, completing the puzzle for its polymer notes.
The brand new £50 enters circulation today, coinciding with Alan Turing’s birthday.
As well as honouring the scientist, the new bank note also features “advanced” security features.
The new £50 note will feature the signature of Sarah John, the Bank’s Chief Cashier.
She said: “This new £50 note completes our set of polymer banknotes. These are much harder to counterfeit, and with its new security features the new £50 is part of our most secure series of banknotes yet.
“These security features are common across all our banknotes, so if you can check one, you can check them all.”