Irish coin expert explains how some of your spare change could be worth thousands
A rare €2 coin can be worth up to €3,000 if you are lucky enough to find it among your spare change.
That’s according to an Irish coin expert who has shared his top tips for people wanting to get into coin collecting and trading.
Kevin from Co Cavan has been running his popular YouTube channel Eire Euro Coins for two years and has already amassed over a million views.
The 29-year-old, who prefers to keep his last name a secret online, has collected over 300 commemorative coins so far and is trying to get at least one worth of each coin from every EU country.
He explained how he first became interested in the hobby and what pieces people should look for that could be worth a pretty penny.
“When I was in Canada, I noticed my coins because Canadians put colors on their coins to attract attention,” he told the Irish Mirror.
“It made me realize that there was this stuff out there and I started collecting it.
“When I got home I started looking at euros and what you could collect and found there were hundreds of €2 coins you could find and that really sparked my interest.
“When we first had the euro I was interested in all these countries, I could find coins that we had never had before here in Ireland.
“I collected a bit but ended up spending my money on Yu-Gi-Oh! and Pokémon cards.”
Kevin, who was nine when the euro became Ireland’s official currency in 2002, prefers collecting rather than trading because it’s ‘too complicated’ to try to sell euro coins as he doesn’t There’s not much to gain by doing it.
“They’re not that valuable yet, but you never know in the future that they might be,” he said.
However, there are rare coins that could be worth hundreds or even thousands if you find them in your wallet.
“There are precious ones, they usually come from Monaco and the smaller countries, the Vatican, Andorra and San Marino,” he explained.
“Because they’re such small countries, they don’t release a lot of coins, so they’re harder to find and harder to get and that’s what makes them valuable.
“There’s one from Monaco that has Princess Grace, Grace Kelly, and could sell for €3,000.
“But you’ll never find that one unless you’re extremely lucky to have him in your change, I’ve never met him.”
The odds of finding one of these €2 coins at the rate are “pretty slim”, Kevin added, as only 20,000 of them have been minted.
Other coins from these countries can also be found in your reserve currency, but they are usually only worth twice their face value.
Some euro banknotes can also be worth extra money, and people collect paper money with different signatures or from different countries.
“They put codes on the tickets to show where they were printed but [collecting these] would be a bit more expensive for me to start keeping 50 euro notes,” Kevin added.
He said the best chance people have of making money collecting and selling coins is to trade for pounds or dollars, as these attract greater bargains.
“These have a better developed market and are selling at high prices because they have been doing it for longer,” he said.
One thing Irish people can look for later this year is a commemorative coin issued in all EU countries that could be worth some money in the future.
“We’re getting one this year [to mark 35 years] of the Erasmus programme, so this year we will have an Irish commemorative coin,” added Kevin.
His advice for people looking to get into coin collecting is to just start paying attention to the money they get to see if they can spot any unusual ones.
There are also apps and websites that will tell you the minting numbers and when the coins were first dispensed, giving you an idea of their value.