This UK penny coin could be worth £500 if it features this image

A coin expert has shared a simple way to spot a rare penny worth £500 - and it all comes down to the image on the reverse side of the coin.

A coin expert has shared a simple way to spot a rare penny that could be worth £500 - and it all comes down to the image on the reverse side of the coin.

Brits have been urged to be on the lookout for a rare penny that could fetch up to £500. However, its value to collectors hinges on the presence of a particular image.

In a fresh TikTok video series, a content creator called the Coin Collecting Wizard has highlighted the most prized pre-decimal pennies in Britain. A 1902 penny is among those singled out for special attention.

The obverse, or head side, of this coin features King Edward VII. But it's the reverse, or tail side, that collectors are interested in.

While all versions of this coin have Britannia's image, holding a trident, the ones that command a higher price showcase a low tide at her feet. The expert explains: "Next up, we have the 1902 low tide penny.

"The low tide penny is a certain variety of the 1902 where the sea line is lower than the usual pennies.

"As you can see from the examples, the low tide is slightly lower on Britannia's leg."

He then presented a comparison between the two types of coins in the video.

He elaborated: "The left coin is an example of the high tide type, the right one depicts a coin of the low tide type, it is quite a difficult one to spot, but when you do, you will be a master at it."

He mentioned that this particular version of the coin could fetch a handsome £500, depending on its condition. The specialist commented: "Low tide coins are worth considerably more than their high tide counterparts.

"And if you're lucky enough to find a 1902 low tide penny, then you're looking at around £500 in uncirculated condition."

This insight is corroborated by UK-based coin dealer Chard. Their website states: "There are two varieties of the 1902 penny, one with a 'normal' tide, and a 'low' tide variety. The latter is considerably scarcer."