You could be sitting on a fortune without realising the true worth of your rare coins.
Some coins might be worth slightly more than face value, while others are hitting the thousands. In fact, just recently we saw an ultra-rare penny sell for an eye-watering £140,000.
Now it’s time to turn your attention to another design as TikTok user @CoinCollectingWizard detailed a three pence which could make you “rich”. Speaking with his 208,000 fans, he said: “Who remembers this coin?
“Well if you have this coin but the silver one, then you are now rich. The pre-decimal three pence was a unit of currency equalling one eightieth of a pound sterling or three pence sterling.”
He added: “It was used in the United Kingdom by the end of King George V reign, the three pence had become unpopular in England because of its small size but it remained popular in Scotland.
“This three pence of 1949 does have a lower mintage and can fetch £20 plus today depending on condition. But there is a very rare three pence which could be worth thousands and it’s the silver version dated 1945.”
Apparently owning a 1945 silver three pence could set you back a hefty £62,000. In fact, just recently the special version sold online for that enormous price tag. Since the video was shared, it racked up nearly 500 likes and dozens of comments.
One said: “I have a box full,” while another added: “My grandad had a full bag and drilled a hole in them all then used them as washers *laughing emoji*.” If you think you own this coin, it’s best to reach out to a professional.
How to find a rare coin:
There are a few ways to determine the coin’s rarity, including:
Mintage: This indicates the number of specific coins made. A lower mintage means the coin is rarer and therefore more valuable. You can find the mintage figures on the Royal Mint website.
Condition: This is one of the most important factors in determining its value. Collectors prefer coins in mint condition, and even the slightest fingerprint can reduce a coin’s value.
Historic significance: The coin’s historic significance can also make it rare. For example, Edward VIII abdicated after only a few months on the throne, so no coins with his image were minted for circulation.
Design and uniqueness: Interesting designs can make a coin rare. And even one with an error, like a missing date.