A specialist has advised people to keep an eye out for three particular “old coins” that may be lurking around your home and are in high demand amongst collectors. If combined, the value of these coins could surpass £100,000, with one potentially still making its rounds in circulation.
Taking to the popular social media platform TikTok, a coin hunter known as the Coin Collecting Wizard offered insights on how to identify these treasures. The foremost coin he mentioned dates back to 1905, rendering it a rare find in your current change purse.
Nevertheless, this historical piece might be discovered within a coin collection or hidden away in your loft. The coin expert revealed: “Random old coins that will make you rich. The 1905 half crown from the UK.”
Crafted from silver, the coin features a shield on its reverse aspect (the tails side). On the obverse is an image of Edward VII.
Its scarcity is what makes it considerably valuable. He added: “With only 166,008 ever made you can easily grab between £450 and £10,000, depending on the condition.”
He then drew attention to the ultimate jackpot – the exceedingly rare 1933 penny. It’s believed that a mere six or seven of these were struck.
This anomaly resulted because there was no requirement for fresh pennies in that year. The coin showcases Britannia on its reverse and a depiction of George V on the obverse.
The expert stated: “The rarity of the 1933 UK penny makes it highly sought after by collectors and its scarcity contributes significantly to its market value.” If discovered, this penny could fetch a monumental £100,000.
“If you happen to have a 1933 UK penny in your possession, then you are 100 per cent rich and can easily sell this coin for over £100,000,” he claimed. Next, he turned his attention to a more contemporary coin that remains legal currency today.
An unassuming 2p piece bearing the inscription “new pence” rather than “two pence” could be worth a lot to collectors is it hails from the year 1983. He said: “The 1983 ‘new pence’ two pence coin from the United Kingdom is considered rare due to a specific transition in the design of the coin.
“In 1983 the Royal Mint in the UK began the process of changing the inscription on the two-pence coin from ‘new pence’ to ‘two pence’. If you find this rare coin, you are looking at £1,000 plus.”
Get all the hottest shopping deals, cash saving tips and money news straight to your phone by joining our new WhatsApp Community – The Money Saving Club. Just click this link to join https://crnch.it/eutplxS1
We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice here https://crnch.it/jeQqC872