This 1p coin has been described as the "rarest ever" - and finding one could fetch you £100k at auction

Addressing his 218,000 followers, a money enthusiast called Coin Collecting Wizard said: "If I told you there was a penny worth £100,000, would you believe me

A 1p coin has been described as the "rarest ever" because there's only a few of them in circulation. In fact, the penny is so uncommon that finding one could fetch you £100,000 at auction.

Addressing his 218,000 followers, a money enthusiast called Coin Collecting Wizard said: "If I told you there was a penny worth £100,000, would you believe me? Well you should, and here is why!"

He further elaborates that collectors should be on the hunt for older predecimal pennies, specifically pointing out the sought-after 1933 penny from England. He explained: "1933 was an unusual year for British pennies. Why? Because technically they weren't supposed to exist. In 1933, there were already enough pennies in circulation, so the Royal Mint decided not to produce any for general use."

The tale takes an intriguing turn – as a handful of these coins were minted. The TikToker added: "Here's the twist – a few were made. Experts believe around six or seven 1933 pennies were struck for things like ceremonial foundations."