Coin collectors urged to look out for ‘rarest ever penny’ worth £100k

It’s always worth rummaging through your coin collection for any hidden treasures.

Be it old comic books, Pokemon cards or even better, rare coins that could fetch a staggering sum. If you’re hoping to pocket some extra cash this festive season, there’s one penny that could be worth an eye-watering amount, so do you have it?

According to TikTok user @CoinCollectingWizard, a 1954 penny has been discovered and is currently up for auction with an estimated value of £90,000.

However, reports suggest it could sell for as much as £100,000. In a video shared with his 209,400 followers, he revealed: “Here is some information on the coin and what to look for, you probably want to save this.”

He described the coin’s reverse as showing Britannia seated facing right, donning a helmet and holding a trident, with her other hand resting on a shield bearing the combined heraldic crosses of UK members.

The expert added: “One and penny are in the fields, a lighthouse is in the background to the left and the date is in the exert below. And this just happens to be a 1954 penny, the rarest penny ever known even rarer than the 1933 penny.

“As you may know the 1933 penny recently sold at auction for over £100,000. And now that a 1954 has appeared at an online auction, we know have an estimate for this coin between £90,000 and £100,000.”

The 1954 one-penny piece, a gem in UK’s numismatic history, remains a remarkable rarity even though it circulated from 1954 to 1970. Valued at one-twelfth of a shilling or one two-hundred-and-fortieth of a pound, the intrigue for coin collectors is palpable.

The 1954 penny has ascended as one of Britain’s seminal coin scarcities – a plethora of other coins share equal scarcity if not more, but this particular vintage has captured the imaginations of numismatic rarities.

A TikTok video featuring this coin has sent social media into a fervour, racking up nearly 500 likes and prompting a cascade of comments. One user said: “I have one from 1933, is that worth anything?” A second added: “I have it.”

Enthusiasts with potentially rare coins are advised to consult with an expert for a thorough evaluation, as the truly scarce pieces often bear errors or hail from limited mintage runs.