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Have you ever wondered about how valuable your coins were? Did you know that some coins or notes are worth thousands, why not have a look through that money jar to see if you have anything special!
Firstly a fun take on Money
Did you know this incredible fact about coins? A wonderful series of cartoons brought to you by Zopa. You can see more of the comics by visiting Zopa’s Instagram or find out more about Zopa by clicking here.
Zopa has 14 years of experience in the peer-to-peer (P2P) lending world. They’ve helped 100,000s of people take the stress out of money with loans and investments built on honesty, transparency and trust. They’ve recently gained a banking licence so they can launch even more products to help more people feel good about their money. Please note this comic is a collaboration with Zopa.
Here is a list of the most valuable coins at the moment. I wonder if any of you have them?
There are a number of coins – both pre-decimal and decimal – that have increased in value by up to several thousand per cent due to their rareness. Outlined below are a number of examples, along with estimated values from coin and bullion expert Chard and GoCompare.
1917 George V sovereign London mint
With an estimated value of £15,000 – representing an increase in value of 191,716% since its launch – this gold sovereign was issued during World War I with a low mintage. The sovereign was a gold coin, with a nominal value of one pound sterling, which was in circulation in the UK before 1932 as part of Britain’s Gold Standard currency.
1933 George V penny
Arguably the most valuable coin in the UK, with an estimated value of £72,000. Although this was originally created as a pattern coin, which means it is not intended for release into circulation, it is believed seven were issued, making them extraordinarily rare.
1937 Edward VIII brass threepence
This threepenny piece is another pattern coin in our rundown, and has particular historical significance because Edward VIII, who appears on the coin, abdicated less than 12 months into his reign, which meant the coins became redundant.
Due to the fact that only 10 were minted, the coins would be worth approximately £45,000 each.
1996 football European Championships gold proof two pound
This commemorative coin features a football, the date and 16 small circles to signify the countries taking part in the European Championships football tournament in 1996.
With just under 2,100 of these coins minted, they are among the rarest in the UK. There is also an unknown number of this coin featuring a flat surface and an incorrect die. This makes them yet more rare and contributing to a value of around £1,700.
1971 £5 note
This rare 1971 £5 note was sold at auction in May 2017 for £168,800.
According to coins and banknotes experts, there are two key features that make a banknote valuable. These are:
- Chief Cashier signatures. Each note includes a signature by the Chief Cashier at the Bank of England. Notes signed by certain individuals who have had this role are particularly sought after by collectors.
- Serial numbers. Notes are printed in sheets, with a serial number assigned to each note. This serial number is made up of a two-letter prefix. They start with AA, and a batch number, which starts with 01. Auction house Warwick & Warwick said any note from the AA01 batch could potentially be very valuable, particularly because number 000001 is always presented to the Queen and 000002 is always presented to Prince Philip.
If you are investing in coins or bullion, taking steps to do some research first is recommended. This is due to the wide range of factors that could influence any potential returns on your investment.
It is worth noting that the coins and banknotes mentioned in this article are incredibly rare. Therefore generating such returns from your investment, unfortunately, will be much more difficult.
This was a guest post brought to you by Equilbrium, an award winning wealth management company.
Equilibrium and Change Checker have worked together to produce a timeline of notable coins and banknotes in the UK since decimalisation. Take a look below for the full timeline: