How Much Are Those Rare Coins Worth? [INFOGRAPGIC]
When we hit the spare change button on a vending machine we’re usually expecting something around the value of twenty pence to roll out into the slot. Coins can however be far more valuable than the amount stated on their exterior. Currency collectors often find themselves overly excited at the tiniest of details and will invest heavily into fulfilling their collecting urges.
Deprival Super-Reaction Syndrome And Investing. Part four of a short series on Charlie Munger’s Human Misjudgment Revisited. Charlie Munger On Avoiding Anchoring Bias Charlie Munger On The Power Of Prices The Munger Series - Learning . . . SORRY! This content is exclusively for paying members. SIGN UP HERE If you are subscribed and having an Read More
Rare coins to look out for can generally be divided into two categories:
- Those intentionally made in small amounts- like the 250th anniversary commemoration of Kew Gardens 50p, which is well known in the coin-collecting community as the rarest British coin in general circulation.
- Those that come about because of a minting error- for example the Kansas State quarter, of which a small quantity were produced with the unfortunate text: ‘In God We Rust’.
It’s not always true that the less common-place a coin is, the more valuable it will be at auction. Any coin with an interesting story, or unusual quirk can do well. All you really need to know is what to look out for.
Fortunately for your future fortune, Express Vending’s research team have produced the following guide that you can use whether you’re home or abroad:
Ch-ch-ch-changes are afoot. In 2017 the Royal Mint will introduce a new twelve-sided one pound coin to wallets, pockets, purses, and gaps between sofa cushions across Britain. Not only is this a victory for Her Majesty’s Treasury, who can clamp down on the estimated £50 million counterfeit £1 coins currently in circulation, but it’s also a win for budding coin enthusiasts too.
Find a penny, pick it up, and then double check it against this handy chart. You never know your luck.
Rare Coins infographic via Express Vending