FINDING a rare 1p coin in your change could see you pocketing a whopping £200,000.
Knowing which details to look out for could help you spot the coin, according to a viral coin expert on TikTok.
The rare piece is the George V one pence coin from 1933.
It was shared online by the account @CoinCollectingWizard – which has an impressive 173.5k following.
The coin conniosseur said: “This coin could buy you a boat” and added “there are only around six of them out there.”
He explained that you can recognise the rare coin by the 1933 digits inscribed below the figure of George V.
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The last one that was discovered went for an eye-watering £140k at action.
It is now on display and attracts many visitors, according to the guru.
And Coin Wizard said he reckons the next one will go for more – predicting as high as £200k.
However, he also warned: “Don’t be fooled by sketchy ads – lots are fake.”
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If you’re unsure whether your 1933 coin is authentic, it is best to go to an expert at an auction house for a second look.
An auction house is probably also your best bet for selling if you think you could earn big.
But also remember that coins are only worth however much people are willing to pay for them.
Other rare one pence coins include the 1919 “H” penny which Coin Wizard said “could make you a millionaire”.
Pocketing an 1893 1p Queen Victoria penny could also see you £600 up, if you notice a tiny flick on the number 3 digit.
We also reveal the ten rarest 1p coins here.
What are the most rare and valuable coins?
Check your change
Rare coins can be worth considerably more than their face value – you just need to be able to spot them.
The most valuable coins are often ones with low mintage numbers or an error, making them valuable to collectors.
If you think you’ve found a rare coin, it could be worth visiting an official website like Changechecker.com to see if it is listed on there.
You can also check what it is selling for on eBay – as coins are only worth what people are willing to spend.
If not, an auction house is your best bet – though bear in mind this may come with an added charge.
Selling your rare coins
A coin’s condition and mintage will affect its value, so it’s important to do your homework first.
If you’ve got a potentially rare coin that you would like to sell at auction, you can contact The Royal Mint’s Collectors Service.
It has a team of experts who can help you to authenticate and value your coin.
You will need to enquire via email, and a member of the valuation team will get back to you.
Take a picture of your coin and attach it to the email – you can find all the details on The Royal Mint’s website.
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If you’re selling on eBay, be vigilant against scammers.
If you’re feeling uneasy about the deal, meet the seller in person in a public safe place so you know you are getting a fair transaction.
How do I safely store valuable coins?
HERE are some tricks to keep your valuable coins safe from toning:
- Store your coins in individual containers
- Put it in a clear, air tight holder that lets you see the coin from both sides
- Avoid putting them in clear plastic sandwich bags because they can still rub against each other an may cause scratches or marks
- Store your collection in a folder or album, although tarnishing may occur quicker than in an airtight container
- Keep them out of a damp environment. You can use silica gel to help prevent damp
- Wear clean, white gloves when handling the coins
- Steer clear of using PVC materials as it traps moisture and releases acidic gases which can damage the collection.
