A COIN expert has shared three rare coins that could “make you a millionaire” – are sitting on a small fortune?
TikToker and coin guru, @CoinCollectingWizard, revealed certain rare coins that could bag you a hefty sum.
In his latest video, he asked his 169,300 followers if they wanted “to be a millionaire” and which coins they needed to “look out for” to do so.
Anyone who owns an elusive 1933 UK 1p should consider selling it as soon as possible.
They’re extremely rare and can be sold for a whopping sum.
The coun expert added: “If you happen to have a 1933 UK penny in your possession then you are 100% rich and can easily sell this coin for over £100,000.”
Another coin that could bag you some easy cash is the 1983 New Pence Two-Pence piece.
Its value shot up due to a changeover which saw its wording go from “New Pence” to “Two Pence” in 1983.
If you find this rare coin you’ll be in luck as it has previously sold for at least £1,000.
However, the Aquatics 50p coin, released as part of the London 2012 Olympics collection, could bag you a lot more than pocket change.
Only the coins with a specific minting error will fetch a big sum.
The TikTok coin guru said: “A small handful of this original design was put into circulation but it was then adapted very quickly to show the face above the water.
“With so few of the original designs out there, it’s meant the coin’s value has been pushed up significantly.”
There could be an eye-watering £2,000 cash prize if you manage to get your hands on the unique coins.
Since uploading his video on the platform it has gained over 500 likes and received dozens of comments.
“I have this coin, I’m serious,” said one exited user.
Another added: “I have two sir.”
If you’re lucky enough to find a rare coin, there are two main ways you can sell rare coins – through eBay or at auction.
If you want to sell the coin you’ve found in your spare change on eBay then you need to know the risks.
Remember to set a minimum price that is higher or at the very least equal to the face value of the coin.
Even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough up.
In its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality.
The most eBay can do is add a note to their account of the unpaid item or remove their ability to bid and buy.
This is because in order to sign up to the website users do not need to put in valid bank or PayPal details before making a bid.
If a bidder refuses to pay, then the only option for sellers is to give “second chance offers” to other bidders or re-list the item.
For items of a high value, eBay recommends that sellers put a limit on their listing to approve bidders.
It means bidders must email you before placing a bid but not that they must pay out the cash if they win.
If you’ve got a coin that you would like to sell at auction then you can contact a member of the British Numismatic Trade Association.
They usually deal in very old coins but they may be able to help you assess whether it’s worth selling your coin at auction or whether it would be valuable to a collector.
They’ll usually charge you a fee for the service or take a percentage of the sale money.
It comes after A coin expert revealed an extremely rare coin, which has sold at auction for a staggering £7,000.
And a rare £50 King Charles banknote could sell for thousands of pounds at auction in days – but it must have a specific code on it.
A NEW rare coin could be worth up to thousands of pounds if it features a particular error, a coin dealer has said.
The Britannia Coin Company, a major coin dealership based near Swindon, sold the valuable piece of spare change last week for a whopping £4,500.
The coin in question is a Gibraltar 50p and features a portrait of the late Queen Elizabeth II on the headside, along with the date 1990.
The design on the other side of this coin is Christmas-themed, showing a little choir boy and a puppy.
The chorister design is usually seen on 1989-dated coins, meaning that the heads and tails sides are mismatched.
Coins with mistakes like these are known as “mules”, taking their name from the offspring of a horse and a donkey.
What also makes this coin unique is that it is from Gibraltar, which is a British Overseas Territory.
So even though these countries use the same currency, their coins have slightly different designs.
Christopher Collects, a coin expert and YouTuber who works for The Britannia Coin Company said this coin is one of the “rarest modern coins out there”.
“These non-UK 50ps are already rarer than the ones we are used to seeing in our change”, he said.
“This is the only example of this particular manufacturing mistake that has been found so far.
“Since the error has only just been discovered, nobody has been looking for it, so there could be more to be found.”
Several old coins are worth money so it is worth keeping an eye on websites such as eBay if any in your pocket are valuable.
