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Rare 20p coin sells for 350 times its face value – do YOU have one?

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Rare 20p coin sells for 350 times its face value - do YOU have one?

Did you know that some coins in your pocket could be worth a fortune? Coin collecting isn’t just a hobby; it can also be a way to discover hidden treasures. Some rare coins have sold for thousands or even millions of dollars. In this FAQ, we’ll explore some of the most valuable coins, what makes them special, and how you can identify and possibly own one of these prized pieces.

What makes a coin rare and valuable?

Coins become rare and valuable for several reasons:

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  • Limited Mintage: When only a few coins are made, they become scarce.
  • Historical Significance: Coins from important historical events or periods are often sought after.
  • Condition: Coins in excellent condition fetch higher prices.
  • Minting Errors: Coins with errors are unique and can be very valuable.
Rare 20p coin sells

Why is the 1794 Flowing Hair Silver Dollar so valuable?

The 1794 Flowing Hair Silver Dollar is one of the first silver dollars minted in the United States. Only about 150 to 200 of these coins are known to exist today, making them extremely rare. Its historical importance and limited number make this coin worth around $7,750,000.

What is special about the 1933 Saint-Gaudens Double Eagle?

The 1933 Saint-Gaudens Double Eagle is unique because, although 445,500 were minted, they never officially circulated. Most were melted down, and only 13 are known to exist today. This coin is highly sought after by collectors and valued at around $7,500,000.

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How many 1913 Liberty Head Nickels are there?

There are only five known 1913 Liberty Head Nickels. These coins are incredibly rare and valuable, with each being named after prominent collectors. They are valued at approximately $4,750,000 each.

Why is the 1804 Silver Dollar called an Original if it wasn’t minted until later?

The 1804 Silver Dollar, often called an Original, wasn’t minted in 1804. It was actually minted in 1834 or later. The name “Original” refers to the design intended for 1804. There are three classes of this coin, each with unique characteristics, and the Class I coin is valued at $6,750,000.

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What makes the 1787 Brasher Doubloon so unique?

The 1787 Brasher Doubloon is unique because it was privately minted by Ephraim Brasher, a goldsmith. The coin features his initials “EB” on the eagle’s breast. Only a few of these coins exist today, and they are valued highly due to their rarity and historical significance. One sold for $7.4 million in 2011.

How rare is the 723 Umayyad Gold Dinar?

The 723 Umayyad Gold Dinar is extremely rare, with only about a dozen known to exist. This coin is around 1,300 years old and is valued at over $6 million. Its rarity and age make it highly desirable among collectors.

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Rare 20p coin sells

What is the story behind the 1894-S Barber Dime?

The 1894-S Barber Dime is rare because only 24 were ever minted, and only nine are known to exist today. These dimes were minted as a special gift for bankers and their children. One of these dimes sold for $1,440,000 in 2020 due to its rarity and historical significance.

How much is the 1849 Liberty Head $20 Gold Coin worth?

The 1849 Liberty Head $20 Gold Coin is made of 90% gold and 10% copper, weighing just over 33 grams. It is an extremely rare and valuable coin, with an estimated worth of around $15 million. Its composition and historical value contribute to its high price.

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How can I identify if I have a valuable coin?

To identify if you have a valuable coin, consider the following steps:

  1. Check the Year and Mint Mark: Look for the year the coin was minted and any mint marks that indicate where it was produced.
  2. Assess the Condition: Coins in better condition are usually worth more.
  3. Look for Errors: Minting errors can make a coin rare and valuable.
  4. Consult a Professional: Have your coin evaluated by a professional coin appraiser or collector.

Where can I sell my rare coins?

You can sell your rare coins through various channels:

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  • Coin Dealers: Professional dealers can offer appraisals and buy your coins.
  • Auctions: Rare coins often fetch high prices at auctions.
  • Online Marketplaces: Websites like eBay allow you to sell directly to collectors.
  • Coin Shows: Attend coin shows where you can connect with collectors and dealers.

What are some other rare coins to look out for?

Here are a few more rare coins that collectors highly covet:

  • 2019 10p set of ‘A to Z’ coins: Letters Y, W, and Z each had a mintage of 63,000.
  • 1992-1993 50p coin: Celebrating the UK’s presidency of the Council of Ministers with a mintage of 109,000.
  • 2009 50p Kew Gardens design: Celebrating the UK’s most famous botanical garden with 210,000 minted.
  • 2015 Royal Navy £2: Celebrating the Navy’s role during the First World War with a mintage of 650,000.
  • 2011 50p London 2012 Olympics series: Includes various designs with mintages ranging from 1,161,500 to 1,454,000.

Conclusion

Collecting rare coins can be a fascinating and profitable hobby. The coins mentioned in this FAQ are some of the most coveted and valuable in the world, with values reaching up to $15 million. Whether you’re a seasoned collector or just starting, keeping an eye out for these rare treasures could lead to significant rewards. Checking your spare change carefully might just uncover a hidden gem that could be worth a fortune.

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FAQs

Introduction

Imagine finding a small treasure in your pocket change that’s worth 350 times its original value! That’s exactly what happened with a rare 20p coin in the UK. This coin, due to a minting error, has become highly sought after by collectors. In this FAQ, we’ll dive into the details about this rare 20p coin, how to identify it, and why it’s so valuable.

What is the rare 20p coin?

The rare 20p coin in question is a British coin minted in November 2008. What makes it special is a minting error where the coin was released without the year of production. This error occurred when an old design was used with a new reverse, resulting in coins that bear no date.

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Why is the 20p coin without a date so valuable?

This 20p coin is valuable because of its rarity and the minting error. Only about 250,000 of these error coins were made out of the 136 million 20p coins produced in that period. Coins with such errors are unique, making them highly desirable to collectors.

How much is the rare 20p coin worth?

The rare 20p coin has sold for as much as £69.99, which is approximately 350 times its face value of 20 pence. Some pre-owned versions of the coin are even listed for up to £100 on coin-collecting websites.

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How can I identify the rare 20p coin?

To identify the rare 20p coin, check for the following features:

  1. No Date: The coin will not have the year of minting.
  2. Design: The coin will have the old obverse (heads) design with the new reverse (tails) design featuring the Royal Shield of Arms.

What should I do if I find a rare 20p coin?

If you believe you have found a rare 20p coin, consider the following steps:

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  1. Verify: Ensure the coin matches the characteristics of the error coin.
  2. Condition: Assess the condition of the coin. Even though these coins have been in circulation and might show wear, better condition can increase value.
  3. Sell: You can sell the coin to collectors, through online marketplaces, or coin dealers. It’s advisable to get an appraisal to know its true value.

Why did this minting error occur?

The error occurred because the Royal Mint used an old obverse design with a new reverse design. The previous design had the date on either side of the crown. When the design was updated to feature the Royal Shield of Arms, the date was moved, but some coins were minted without the date, leading to this rare error.

Are there other rare coins in circulation?

Yes, there are several other rare coins in circulation. Some notable examples include:

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  • 2019 10p ‘A to Z’ Coins: Letters Y, W, and Z with mintages of 63,000.
  • 1992-1993 50p Coin: Celebrating the UK’s presidency of the Council of Ministers with a mintage of 109,000.
  • 2009 50p Kew Gardens Coin: Celebrating the Kew Gardens with 210,000 minted.

What did the Royal Mint say about this rare 20p coin?

The Royal Mint acknowledged the error and explained that it occurred due to the mixing of old and new designs. They confirmed that around a quarter of a million coins were minted with this error. The Royal Mint often produces lists of rare coins, urging the public to check their change for valuable finds.

Where can I sell my rare 20p coin?

You can sell your rare 20p coin in several ways:

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  • Coin Dealers: Find a reputable dealer who can appraise and buy your coin.
  • Online Marketplaces: Platforms like eBay are popular for selling coins to collectors.
  • Coin Shows: Attend coin shows where you can meet collectors and dealers.
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