A CITY eBay user is trying to make a few quid by selling a new 50p coin with King Charles III's featured on it for over £1,000. 

They are among many people on the selling site trying to sell the new coins for more than their face value.

The new 50ps bearing King Charles’s official coin portrait were released on Thursday, August 10.

A seller from Worcester is trying to sell the coin for way more than its face value by starting the bidding at a whopping £1,200.

Not only that but the buyer will also have to fork out an extra £1.10 for postage.

Perhaps unsurprisingly, there are currently no bidders willing to part with their hard-earned cash for the coin which has been released into general circulation.

Five million of the coins, celebrating Charles’ coronation earlier this year, were received by the Post Office and UK bank branches last Thursday.

Worcester News: King Charles III's new 50p coin advertised for £1,200 on eBayKing Charles III's new 50p coin advertised for £1,200 on eBay (Image: eBay)

Featuring a design by Royal Mint coin designer Natasha Jenkins, the coins are the second 50ps to enter circulation bearing Charles’ official coin portrait.

The first was the memorial 50 Pences, which entered circulation in December 2022, marking the transition from the late Queen to the King.

Rebecca Morgan, director of commemorative coin at the Royal Mint, said: "This is a special moment for the nation, as members of the public will have the opportunity to find a piece of history in their change.

"We anticipate the coronation 50p coins will be highly sought after among coin collectors and members of the public keen to own a piece of British history.

"The Royal Mint has had the honour of striking coins for every British monarch since Alfred the Great and we are proud to continue that long history with the introduction of His Majesty’s official coinage."

Earlier this year, the Royal Mint unveiled a commemorative coin range marking the coronation. Collectors from 89 countries purchased the coins directly from the Royal Mint.

UK coins bearing the effigy of the late Queen will remain legal tender and in active circulation.

Historically it has been commonplace for coins featuring the effigies of different monarchs to co-circulate. This ensures a smooth transition, with minimal environmental impact and cost, the Mint said.