Latest news with #rarecoins
The Sun
3 days ago
- Business
- The Sun
Most valuable coins you can find in your change revealed – do you have one in your wallet?
RARE coins you might be carrying in your wallet could fetch prices of more than £1,000. If you have stashes of loose change lying around, it's worth checking to see if any of these rare finds are lurking in your collection. 3 3 One of the most sought-after coins wanted by collectors is the Kew Gardens 50p. Just 210,000 coins of this 2009 design were released into circulation - and almost all are in private hands according to The Royal Mint. But the lucky holders of these coins, which feature the Chinese Pagoda at Kew, could sell them for as much as £150 each. Another rare coin that could fetch £1,000 or more came into existence through a famous error on its wording. Dating the 1983, these 2p coins read "new pence" instead of "two pence" on its tails side. TikTok account coincollectingwizard says these decades old 2ps are "a very hard coin to find". The account advises collectors and coin enthusiasts to check their Royal Mint sets - or "even luckier" find one in their change - if they hope to source one. While the 1983 date on the coin is a sign to look out for, the key unique feature is that "new pence" writing on the reverse side. The rarest and most valuable 50p coins in circulation In addition, the ornate 2002-dated Commonwealth Games coins can also fetch a decent price. There are separate designs for each of the four countries of the United Kingdom - with the Northern Ireland coin being the rarest. The rarest version can go for around £35. The reverse of these coins shows a triumphant looking figure raising a banner over their head. It was minted to mark the Commonwealth Games hosted in Manchester in 2002. Among coins in circulation, 50p pieces are one of the most popular to collect. This is largely thanks their surface area, which gives them enough space to include new intricate designs. Errors that make a coin unique are likely to increase its value. The rarer the coin, the more sought after and valuable it will be to collectors.
Yahoo
4 days ago
- Business
- Yahoo
3 Rare Coins Boomers Should Hold Onto for at Least Another Decade
When you reach retirement age — as most baby boomers have — it's tempting to start cashing in your investments and putting the money into savings accounts or other risk-free assets. That's not always the best policy, though — especially when it comes to assets that consistently rise in value, like rare coins. Find Out: Learn More: The reason rare coins increase in value is simple: They will always be rare and that rarity will always lure collectors and investors. This creates steady demand, which in turn keeps pushing prices higher. Maximizing the value of rare coins by holding on to them is particularly important for boomers who are either already retired or are closing in on retirement. When you live on a fixed income, rare coins can serve as an ace in the hole in case you need a sudden infusion of cash to pay for a medical procedure or some other unexpected expense. Beyond that, the proceeds from selling a valuable rare coin could add tens of thousands of dollars a year to your nest egg. Here are three rare and valuable coins boomers should hold on to for at least another decade because of their expected price appreciation. Values listed reflect the high end of the price range, which typically means it is in or near mint condition. High-end value: $100,000 This famous coin with the iconic image is prized by collectors because of a mistake during the minting process. The right front leg of the buffalo was completely removed from the surface of the die, making it appear to have only three legs. According to a blog post on the Altier Rare Coins website, this 'accidental creation' has propelled the 1937-D Buffalo Nickel into the 'spotlight of the most sought-after and most expensive rare coins. Such a unique characteristic not only sparks intrigue among collectors but also significantly enhances its value.' Read Next: High-end value: $114,000 The Altier Rare Coins blog refers to two types of Liberty Head Double Eagle $20 coins: Type II (minted from 1866 to 1876) and Type III (1877 to 1907). Both types are expected to see values rise sharply in the coming years because of their gold content and historical significance. Market trends indicate 'a steady increase in value' for Double Eagles, according to Altier Rare Coins, particularly for 'well-preserved specimens.' puts the ballpark value of an 1883 Liberty Head Double Eagle in average condition at $60,000. However, one in mint condition could go for $114,000 or more. High-end value: $129,250 If you're looking for a good investment opportunity, Altier Rare Coins considers the Franklin half dollar a 'stellar option.' These coins were minted between 1948 and 1963 and feature both 'aesthetic beauty and significant value' and have seen a 'consistent upward trajectory.' Although you'll find plenty of Franklin half dollars that won't command much from collectors, there are rarities that range in value from a few hundred dollars to nearly $130,000. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on 3 Rare Coins Boomers Should Hold Onto for at Least Another Decade Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
3 Rare Coins Boomers Should Hold Onto for at Least Another Decade
When you reach retirement age — as most baby boomers have — it's tempting to start cashing in your investments and putting the money into savings accounts or other risk-free assets. That's not always the best policy, though — especially when it comes to assets that consistently rise in value, like rare coins. Find Out: Learn More: The reason rare coins increase in value is simple: They will always be rare and that rarity will always lure collectors and investors. This creates steady demand, which in turn keeps pushing prices higher. Maximizing the value of rare coins by holding on to them is particularly important for boomers who are either already retired or are closing in on retirement. When you live on a fixed income, rare coins can serve as an ace in the hole in case you need a sudden infusion of cash to pay for a medical procedure or some other unexpected expense. Beyond that, the proceeds from selling a valuable rare coin could add tens of thousands of dollars a year to your nest egg. Here are three rare and valuable coins boomers should hold on to for at least another decade because of their expected price appreciation. Values listed reflect the high end of the price range, which typically means it is in or near mint condition. High-end value: $100,000 This famous coin with the iconic image is prized by collectors because of a mistake during the minting process. The right front leg of the buffalo was completely removed from the surface of the die, making it appear to have only three legs. According to a blog post on the Altier Rare Coins website, this 'accidental creation' has propelled the 1937-D Buffalo Nickel into the 'spotlight of the most sought-after and most expensive rare coins. Such a unique characteristic not only sparks intrigue among collectors but also significantly enhances its value.' Read Next: High-end value: $114,000 The Altier Rare Coins blog refers to two types of Liberty Head Double Eagle $20 coins: Type II (minted from 1866 to 1876) and Type III (1877 to 1907). Both types are expected to see values rise sharply in the coming years because of their gold content and historical significance. Market trends indicate 'a steady increase in value' for Double Eagles, according to Altier Rare Coins, particularly for 'well-preserved specimens.' puts the ballpark value of an 1883 Liberty Head Double Eagle in average condition at $60,000. However, one in mint condition could go for $114,000 or more. High-end value: $129,250 If you're looking for a good investment opportunity, Altier Rare Coins considers the Franklin half dollar a 'stellar option.' These coins were minted between 1948 and 1963 and feature both 'aesthetic beauty and significant value' and have seen a 'consistent upward trajectory.' Although you'll find plenty of Franklin half dollars that won't command much from collectors, there are rarities that range in value from a few hundred dollars to nearly $130,000. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on 3 Rare Coins Boomers Should Hold Onto for at Least Another Decade Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
28-05-2025
- Business
- Daily Mail
Collectors set to rake in fortune from rare pennies after Trump ceased production
Grab your piggy banks, you may just have a rare penny that could rank you in thousands! The Donald Trump Administration has ordered the Treasury Department to stop the production of pennies. The agency will stop putting new pennies into circulation by early next year and businesses will have to start rounding up or down, the Treasury said. It costs the Treasury roughly four cents to make a penny, meaning it cost more than the coin is actually worth. The halt on production is expected to save the US $56million a year, the Wall Street Journal reported. It also means penny collectors could make a pretty penny - get it? - off some rare coins. For those in possession of a 1943-D Lincoln Bronze Wheat Penny, it could garner up to $2.3million in mint condition, according to Newsweek. The coin is particularly rare as the currency is made of 95 percent copper that year. The same coin in less ideal conditions could still garner $100,000, the outlet reported. The coin is disguisable by the small D, which shows it was made at the Denver Mint, under the 1943 in the right-hand corner. One sold for $840,000 in 2021, according to the Professional Coin Grading Service (PCGS). Another rare coin that brings a nice payday is the 1944-S Steel Wheat Penny, which is estimated to be worth $1.1million, Newsweek reported. The S stands for San Francisco, where the coin was produced, but don't spend too long searching for it, as only two copies are known to still exist, according to Newsweek. The coin has a silvery look as it is zinc-coated steel. One sold for $408,000 in 2001, according to PCGS. Another coin worth looking in the couch cushions for is the 1793 Strawberry Leaf Cent. The coin is made out of copper and features a woman with long tresses on the front and two wheat stalks on the back. It was made at the Philadelphia Mint. Another coin worth looking in the couch cushions for is the 1793 Strawberry Leaf Cent. The coin is made out of copper and features a woman with long tresses on the front and two wheat stalks on the back. It was made at the Philadelphia Mint The coin sold for a record $862,500 at an auction in January 2009, according to PCGS. Most pennies will be worth their value of one cent or a little more than that. 'Outside of a few variations that are in low will be worth just a tad more than their original value,' Alex Beene, a University of Tennessee financial literacy instructor, told Newsweek. However, the few rare ones are worth the search. 'While most wheat pennies are pocket change, the rare ones can buy you a house,' Finance Expert, Michael Ryan, told the outlet. Trump stopped the production to stop due to the cost of making it being higher than the value. 'For far too long the United States has minted pennies which literally cost us more than 2 cents,' he wrote on Truth Social in February. 'This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. According to a 2024 report from the US Mint, it cost 3.69 cents to produce a penny, a process that lost the Treasury $179million in 2023 'Let's rip the waste out of our great nation's budget, even if it's a penny at a time.' The US produces new pennies designed for circulation at its mints located in Denver and Philadelphia. According to a 2024 report from the US Mint, it cost 3.69 cents to produce a penny, a process that lost the Treasury $179million in 2023. A nickel meanwhile cost around 13.78 cents to manufacture last year. The increased production cost is partly due to the price of raw materials. The US Mint said it was the 19th year in a row production costs had been above face value.
The Sun
27-05-2025
- Business
- The Sun
Minor detail to spot on ultra-rare 1p coin worth £130,000 at auction – do you have one behind your sofa?
A RARE penny could be the key to a fortune, if you're lucky enough to have one in your possession. The 1933 coin is one of the 10 rarest coins in the UK and is worth a whopping £130,000. 4 4 One avid coin collector shared his knowledge about the rare penny, including that there is only seven known to be in existence. The Coin Collecting Wizard on TikTok gave people an insight into what makes this penny so valuable. "This is the 1933 pre-decimal penny from the United Kingdom, so make sure you check your grandad's old coin collection and keep an eye out for this date," he said in a new TikTok, referring to the year 1933. "Do you have this coin from 1933. If so, you are rich?" He said that while "there are other dates to look out for too," of rare coins, none are "going to have the crazy value of the 1933 penny," and the reason for that is because there are only seven are known to exist. The reason there were so few is because this penny was not intended for general circulation. Instead, it was struck for ceremonial purposes, such as being placed under the foundation stones of important buildings. "So, if you find one, you are extremely lucky, but that doesn't necessarily mean there are no other dates to look for because there is," the Coin Collecting Wizard continued. Coin Collecting Wizard often posts about interesting coin facts on TikTok and in one video ran through the most valuable pennies. Speaking in the video, he urged viewers to "stop what you're doing and listen". He said: "Did you know there are old pennies worth thousands of pounds?" In some cases, the extremely rare 1p pieces have sold for a whopping £200,000. Bear in mind though, that you might not always get such a hefty amount for a rare coin. The design of the coin, its condition and whether or not the coin is in circulation also affects how much it could be worth. How to spot valuable items COMMENTS by Consumer Editor, Alice Grahns: It's easy to check if items in your attic are valuable. As a first step, go on eBay to check what other similar pieces, if not the same, have sold for recently. Simply search for your item, filter by 'sold listings' and toggle by the highest value. This will give you an idea of how much others are willing to pay for it. The method can be used for everything ranging from rare coins and notes to stamps, old toys, books and vinyl records - just to mention a few examples. For coins, online tools from change experts like Coin Hunter are also helpful to see how much it could be worth. Plus, you can refer to Change Checker's latest scarcity index update to see which coins are topping the charts. For especially valuable items, you may want to enlist the help of experts or auction houses. Do your research first though and be aware of any fees for evaluating your stuff. As a rule of thumb, rarity and condition are key factors in determining the value of any item. You're never guaranteed to make a mint, however. You can easily figure out how rare a coin is, by checking its mintage figures. This relates to how many coins were produced by The Royal Mint. If a coin has a low mintage, it means there's less in circulation and is therefore rarer and it could potentially be worth more than its face value. Either way, you'll want to keep an eye out for some in particular which can sell for big numbers. Plus sometimes specific details can determine how much the penny will sell for - such as if it has an error.
