Rare three pence coin could be worth thousands - but only if it's silver and dated 1945

TikTok user @CoinCollectingWizard shared details with his 208k followers, where he said: "Who remembers this coin? Well if you have this coin but the silver one, then you are now rich."

A rare coin could be stashed away in your pocket or gathering dust in a drawer – and it might just be worth an eye-watering £62,000.

Coin enthusiasts will know that certain designs could sell for more than face value, while other rare coins can seriously hit the jackpot.

In the past few days, we saw an ultra-rare coin flog for a huge £140,000 – but it's worth knowing not all these coins are worth a lot of money, so you have to do your research first.

Now there's another penny you must keep an eye on.

READ MORE: Ultra-rare coin could sell for mega £140,000 – but only on one condition

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TikTok user @CoinCollectingWizard shared details with his 208,000 followers, where he said: "Who remembers this coin?

"Well if you have this coin but the silver one, then you are now rich.

"The pre-decimal three pence was a unit of currency equalling one eightieth of a pound sterling or three pence sterling."

He added: "It was used in the United Kingdom by the end of King George V reign, the three pence had become unpopular in England because of its small size but it remained popular in Scotland.

"This three pence of 1949 does have a lower mintage and can fetch £20 plus today depending on condition.

"But there is a very rare three pence which could be worth thousands and it's the silver version dated 1945."

Owning a 1945 silver three pence could set you back a hefty £62,000.

In fact, just recently the special version sold online for that enormous price tag.

Since the video was shared, it racked up nearly 500 likes and dozens of comments.

One said: "I have a box full," while another added: "My grandad had a full bag and drilled a hole in them all then used them as washers *laughing emoji*."

If you think you own this coin, it's best to reach out to a professional.

There are many ways to work out if you're sitting on a fortune with your rare coin.

Firstly, it's worth learning the mintage of the piece as the lower it is, the rarer the coin will be.

Condition is also an important factor as collectors prefer coins in mint quality, even the slightest fingerprint can reduce a coin's value.

Also the historic significance plays a huge factor.

For example, Edward VIII abdicated after only a few months on the throne, so no coins with his image were minted for circulation.

And finally, interesting designs can make a coin rare. And even one with an error, like a missing date.