A 50p is for sale on eBay for three thousand times its face value.

A seller has listed a King Charles III 50p coin on the online marketplace for a staggering £1,500.

The coin in question is said to be from December 2022, when coins bearing the King’s portrait first entered circulation.

On the ‘tails’ side of the coin are the four quarters of the Royal Arms depicted within a shield, commemorating the life and legacy of Queen Elizabeth II.

However, according to the seller, micyo-33, the lions on one of the shields are 'defected'.

Speaking in 2022, Rebecca Morgan, director of collector services at the Royal Mint, said: “It’s a fantastic opportunity for coin collectors to add to their collections, or start one for the first time.

“We anticipate a new generation of coin collectors emerging, with people keeping a close eye on their change to try and spot a new 50p that bears the portrait of our new King.

“The Royal Mint has been trusted to make coins bearing the monarch’s effigy for more than 1,100 years and we are proud to continue this tradition into the reign of King Charles III.”

Error coins are those which have a fault or mistake. They can be popular with collectors as they are often unique.

However, coin collecting website Check Your Change says they are 'usually fairly low value' and are 'only worth what someone is willing to pay for them'.

“That worth is strongly influenced by a number of factors including demand, rarity and the attractiveness of the error,” the website adds.

“An extra factor that plays a big role with error coins is their severity or unusualness."

The Royal Mint does offer an error coin examination service, at a charge of £20, but does not provide valuations.