Rare penny coin sells for £62k – but specific kind can make you rich

Every collector’s dream is to unearth a rare coin that could fetch a staggering sum at auction.

Just after people were informed of a ultra-rare penny worth £140,000, it seems like there’s another piece worth looking out for.

TikTok user @CoinCollectingWizard revealed there’s a kind worth £62,000. Speaking with his 208,000 followers, 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.

“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.”

He further explained: “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.”

Owning that elusive 1945 silver three pence might indeed be like hitting the jackpot, as one was recently bought for a cool £62,000.

The buzz following his video saw it rack up nearly 500 likes and comments from intrigued and hopeful collectors.

One person reflected: “I have a box full,” while another quipped: “My grandad had a full bag and drilled a hole in them all then used them as washers *laughing emoji*.”

It’s worth contacting an expert if you believe you possess this coin. Wondering how to spot a rare coin?

Here’s what collectors say you should look out for:

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.