Are you a penny pincher with a passion for history? You might be sitting on a goldmine! A TikTok user, known as @CoinCollectingWizard, has revealed a rare 1937 penny could be worth a whopping £140,000. It’s a collector’s dream come true, but finding it requires a keen eye and a bit of historical knowledge.
This particular penny was minted to commemorate the reign of King Edward VIII. However, the plans were scrapped in December 1936 when the King abdicated to marry American divorcee Wallace Simpson. Only around 50 of these commemorative pennies were produced to evaluate the design, making them incredibly scarce.
To determine if you have the ultra-rare version, you’ll need to inspect the obverse side of the coin – the side with the head. If your coin features the profile of King Edward VIII, then congratulations! You’ve stumbled upon a treasure worth a fortune.
But don’t get your hopes up too quickly. Just because you have a 1937 penny doesn’t mean you’ve hit the jackpot. If the coin doesn’t display the King’s portrait, it’s simply a regular, non-valuable penny.
The TikTok video revealing this potential treasure trove has garnered nearly 500 likes and sparked numerous comments. One user proudly exclaimed, “I have one!” while another inquired, “How much is it exactly worth?” The buzz around this rare penny is undeniable, and it’s tempting to start digging through your change right now.
It’s worth remembering that this isn’t the first time a rare penny has made headlines. The same TikTok user recently posted a video about a rare 1899 penny. In this video, he demonstrates how to clean an 1899 pre-decimal penny, which could potentially damage the coin’s value if done incorrectly. He explains that this coin was the last pre-decimal penny to feature a young Queen Victoria, known as “Bun Head” due to her hairstyle.
The world of coin collecting is full of unexpected treasures waiting to be discovered. So, next time you’re rummaging through your change, take a closer look at those pennies. You never know, you might just find yourself holding a fortune in your hand.
