Valuation
A one penny coin from 1900 is worth approximately £1.00-£2.00. There are many things which could affect the value, such as the condition which could change the value enormously. If you would like a formal valuation of your coin, you could take it to an official coin collector or expert, who will be able to tell you a more accurate value. Alternatively, you could join an online forum for coin collectors. Here you will find a whole community of coin collectors. Some of them will be amateurs who simply enjoy the hobby, but others will be experts in coin valuation. If you post a picture of your coin, you may be able to find someone on a forum, who can give you an accurate value. If you are planning on selling it, you may even find someone who will offer a price for it and be willing to buy it from you. Online forums are great places to meet like minded people and find experts in a particular specialist field.
The British Penny
The first penny to be released was in 1971, when British currency became decimalized. This new system of using money made it much easier to count and give change and has been in place ever since. The coin was initially made from solid bronze but has more recently been constructed using copper plated steel, so from 1992 onwards the coins became slightly thicker and have also become magnetic. Many people do not realize that it is legal to refuse payment in pennies for a sum over 20p. For example, a shop keeper could refuse a customer if they attempted to buy a 50p chocolate bar with 50 one pence pieces.
A one penny coin from 1900 is worth approximately £1.00-£2.00. There are many things which could affect the value, such as the condition which could change the value enormously. If you would like a formal valuation of your coin, you could take it to an official coin collector or expert, who will be able to tell you a more accurate value. Alternatively, you could join an online forum for coin collectors. Here you will find a whole community of coin collectors. Some of them will be amateurs who simply enjoy the hobby, but others will be experts in coin valuation. If you post a picture of your coin, you may be able to find someone on a forum, who can give you an accurate value. If you are planning on selling it, you may even find someone who will offer a price for it and be willing to buy it from you. Online forums are great places to meet like minded people and find experts in a particular specialist field.
The British Penny
The first penny to be released was in 1971, when British currency became decimalized. This new system of using money made it much easier to count and give change and has been in place ever since. The coin was initially made from solid bronze but has more recently been constructed using copper plated steel, so from 1992 onwards the coins became slightly thicker and have also become magnetic. Many people do not realize that it is legal to refuse payment in pennies for a sum over 20p. For example, a shop keeper could refuse a customer if they attempted to buy a 50p chocolate bar with 50 one pence pieces.