Coins are among the world’s rarest forms of currency. People have always been enchanted with valuable and rare coins. And coin collecting is a popular and profitable sort of collection. However, the value of a gold coins is widely determined based on several factors. It includes the surviving number, the initial number of the mint produced, the condition, the meltdown value/composition and more.
Well, you may possess a valuable piece of currency in your drawer without knowing it. So let’s take a look at some of the rarest and highly valuable UK coins that are worth looking out for.
Nonetheless, are you wondering that pawnbroking coins or selling them can be the best way to secure some fast cash? Keep reading till the end to get your answer.
This Edward III Gold Florin was minted in 1344, and you will hardly find the coin in regular circulation. If you are a metal detecting enthusiast, you can keep up the hope. The Edward II “Double Leopard” Gold Coin was excavated in 1857 in the River Tyne along with the other two coins.
The original value of this rare gold piece was six shillings or nearly 30 pence in the current money. However, the coin was sold privately in 2006 for about £460,000.
You will be fascinated to know that the George V Penny 1933 is a ‘pattern coin’, which makes this UK coin so unique. This coin was actually an archetype that did not ever go into production. However, only four George V Penny gold coins are available.
Very few coins were in production in 1933 because the Royal Mint manufactured many coins the previous year. Nonetheless, this UK coin sold in 2016 for about £72,000.
Minted during World War I in London, this coin was not particularly rare. This is because about 1 million sovereigns were manufactured for reserves of the Bank of England. Moreover, virtually all the coins helped pay for the war after being exported to the USA. They supposedly stayed in Fort Knox and eventually underwent melting to make bars.
In 2012, a George V Sovereign fetched £11,000 at an auction.
These coins are rarer and highly valuable, thanks to a technical error. Sound interesting? The fact is that every coin until 1982 featured “New Pence” engraved on its rear side. However, after 1982, the mint production house changed the wording to manifest the coin’s value.
Interestingly, a series of two pence coins with wrong wording turned up in 1983. And the Royal Mint is not sure about the total numbers of the coins produced with this error. Well, the Elizabeth II 1983 Two Pence Gold Coins sold for more than £500 at auction.
This Elizabeth II Two Pound Gold Coin turned up for commemorating the Bank of England’s 300 years. However, these coins are 22ct gold proof and are 1000 in numbers. Their value is about £2,500.
Well, you may not have these exceedingly rare gold coins in your collection. But you may have others, and the one in your drawer can be worth a significant amount of money. And your gold coin can indeed serve as an excellent asset to use as collateral for a pawn loan.
Get an instant loan against your gold from the trusted pawnbrokers online, The Luxury Hut. What you have to do is fill in an online form with details of your gold asset. Or call on 0207 242 9160 to obtain a free loan quote right away and book an appointment at our Hatton Garden office. Unlike many pawnbrokers, we pay spot cash.