The difference to this British Royal Mint coinage being the geographical location these coins aren’t legal tender here in the UK. It was done so with a similar minimalist design style to their ‘Monkey 1p’ and ‘Mace 1p’. Moving back over to the rare 1p coin of Gibraltar, this penny was minted by Gibraltar in cupro-nickel (an alloy of copper containing traces of nickel to harden it and reduce its cost). The Barbary Partridge is the national bird of Gibraltar much like the Red Grouse is the UK’s national bird. With this geography lesson, it’s easy to understand why Gibraltar is in use of the British Royal Mint but also features a bird native to North Africa. Gibraltar is an overseas territory located at the base of Spain, close to the North African coast. The 1994 Gibraltar Barbary Partridge Penny That said, it doesn’t mean collectors on buying and selling websites or on auctioneer websites aren’t willing to pay a little extra for the joy of holding a piece of copper plated history. However, because this coin was introduced in 1992, has a mintage of 253,867,000, resembles the same coins released by the Royal Mint today, and remains in circulation after 30 strong years, its face value is still just 1p. The reason for change was due to an increase in metal value across the world, making bronze a much more valuable resource than steel or copper. However, a small material change to copper-plated steel in 1992 marked a new era for coinage in fact, it’s the first magnetic coin. With this, it has only earned a place on the most valuable British coins list because of its story.ġp coins before 1992 were made of bronze. This coin is one of our valuable 1p coins on the list but, as you may notice, maintains its face value. The first in circulation that would resemble the same 1p coins that get lost down the crevices of the couch today. Now we have our introduction to rarity, let’s get going. The first is the rarity, then there’s the error, the year, the material, the collection and the monarch. There are six aspects that create a rare 1p coin worth keeping in the pocket. So, before we dive right into our list of the 7 most valuable British coins that started life as one penny, let’s think about all the ways that could cause a rise in the face value. And, by ‘face value’ we mean the value that’s printed on the coin.įor example, one of the valuable 1p coins we have in the list is now worth £50 on the market. That said, with all the variances of pennies out there, there are bound to be some that exceed their face value. But that was before the iconic move to decimalisation where the value of the pound went from 240 pence to just 100 pence. Here in the UK, we’ve had our fair share of pennies in circulation. How To Help Your Teens Manage Their Money.How to make extra money in the UK – 25 Ways to make extra cash.
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