Rare 1937 Penny Could Be Worth a Fortune – Here's How to Spot It

Certain gems are worth an eye-watering sum – and it takes someone with a lot of patience to locate such treasure

If you're an avid collector, there's a penny you need to look out for in your change right now.

According to TikTok user @CoinCollectingWizard, finding this "ultra-rare" version could easily sell for £140,000.

Posting to his 207,500 followers, the expert revealed the penny coin is from 1937 and was minted to celebrate King Edward VIII.

He said: "This is the 1937 penny and was minted in celebration of the reign of King Edward VIII.

"However the plans were abandoned in December 1936 following the abdication of the royal to marry American divorcee Wallace Simpson."

The user continued: "This coin was one of around 50 that were produced to evaluate the design.

"Now what you need to do is search your old pre-decimal pennies for any from the year 1937.

"When you find a 1937 this doesn't mean you found the 'super rare' version.

"What you need to do is check the obverse side of the coin also known as the head side.

"If your coin has King Edward VIII, then yes you have found an ultra-rare version and can easily sell this coin for £140,000."

But if you don't find the coin with the King on your penny, then unfortunately it's not rare or valuable.

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

One said: "I have."

While another added: "How much is it exactly worth?"

In other news, we recently saw a rare £2 coin with the Queen's head which is believed to be worth £1,000.

The technology £2 coin features not one, but two errors.

The first is the brass on the outside in colour with silver in the middle.

However, in this case, some of the blanks accidentally slipped into the minting process, turning it into an error coin.

Finding one might be hard, but it's certainly not possible and could earn you some cash on the side.