Rare 1954 Penny Could Be Worth a Staggering £100,000

It always worth checking your collection for any hidden gems. Whether it's old comic books, Pokemon cards or better yet, rare coins which are worth a staggering sum

A 1954 penny has been found and is currently up for auction with an estimate of £90,000-£100,000.

TikTok user @CoinCollectingWizard shared the news in a clip, where he opened up with his 209,400 followers on the coin and what to look for.

"1954 penny at auction estimated at £90,000-£100,000," the caption read.

In the video, he said: "Here is some information on the coin and what to look for, you probably want to save this."

Describing the coin, he claimed the penny's reverse shows Britannia seated facing right wearing a helmet and holding a trident.

"Her other hand rests on a shield bearing combined heraldic crosses of UK members," he continued.

"One and penny are in the fields, a lighthouse is in the background to the left and the date is in the exert below. And this just happens to be a 1954 penny, the rarest penny ever known even rarer than the 1933 penny.

"As you may know the 1933 penny recently sold at auction for over £100,000. And now that a 1954 has appeared at an online auction, we know have an estimate for this coin between £90,000 and £100,000."

The 1954 coin is a one-penny piece from the United Kingdom which was in circulation from 1954 to 1970. It is worth one-twelfth of a shilling, or one-two-hundred and fortieth of a pound.

It's worth noting the 1954 is one of Britain's most famous coin rarities, many other coins are of equal or greater rarity, but the 1954 has become the best known of these rarities.

Since the video was shared on TikTok, it garnered nearly 500 likes and dozens of comments. One said: "I have one from 1933, is that worth anything?" While another asked a similar question. Meanwhile a third chimed in: "I have it."

If you think you own a rare coin, it's worth reaching out to a professional who can have it examined for you. In some cases, you might think the coin is special, but the kind which are scarce often feature an error or come with low mintage.