Rare silver 1 penny coin could be worth £7k

Rare coin become a hot story in UK recently. After a 20 pence phenomenon, now it is a time for a 1 penny silver rare coin. Yesterday, I found a news about a grandmother from Bridgwater, Somerset found a rare 1 penny silver coin. Unwittingly handed over to Tania Simmonite at the market stall where she sells cheese, the piece appears to have been released into circulation without undergoing the usual copper-plating process. Royal Mint had confirmed that this is a genuine monetary unit. If the undated rare 20 pence coin can go as far as £7,000 this coin for sure will be worth much much more.

For a list of Most valuable world pennies, you can read: Top 5 World Rare Penny.

Daily Mail on July 2009 reported, The rare silver 1 penny coin could be worth up to tens of thousands of pounds thanks to its peculiar colouring. Unwittingly handed over to Tania Simmonite at the market stall where she sells cheese, the piece appears to have been released into circulation without undergoing the usual copper-plating process.

rare silver 1p
After finding it in her till, Mrs Simmonite, 69, contacted the Royal Mint who confirmed it was a genuine monetary unit. What they did not tell her, however, was how much the penny might be worth. But after a 20 pence coin without a date mark on its surface was sold earlier this month for £3,500, the grandmother is feeling optimistic about putting it up for auction and could receive an even higher price because of its scarcity.

She said yesterday: 'I was really surprised when I found the penny in the till.

'When I first saw it I thought it must be a fake but I decided to investigate.

'I phoned the Royal Mint and they said they would look at it - and they confirmed it was genuine, sending me a letter telling me how it came about. But I haven't a clue what it's worth.'

1 penny

Last month it emerged that a rare error at the Royal Mint caused tens of thousands of 20p coins to be produced without their year of manufacture stamped on them. Experts had predicted that the coins could be worth £50 each, but soaring demand pushed the price of a single coin up to £7,100 on eBay. The coins were left dateless when the 20p piece was redesigned. The Mint does not know how many undated coins were released into circulation, but estimates range between 50,000 and 200,000.

Asked about the value of the silver penny from 2003, Jeffrey Day, a coin specialist at Lawrences auctioneers, said: 'If the undated 20ps were selling for thousands of pounds then this coin has to be rarer.

'But there is no way of knowing how many of these are in circulation and the only way of finding out its true value is at auction.'

Mrs Simmonite, from Bridgwater, Somerset, added: 'I can't even remember who gave it to me - I feel so lucky.

'I have kept it wrapped up in a bit of tissue but at my age I think it would be a good idea to sell.'

Source: Mail online.UK

I wish her good luck on selling her rare 1 penny silver coin. For me that is a very Extremely rare coin and should worth at least 5 figure pounds. For anyone who found a rare 20 pence coin, my advice keep them for at least 5 years. It not easy to sell them at such high price at the moment since there is already to many people selling them. Expert only put their value at £50. Its not that much.

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