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I was given a bunch of foreign coins today.

chaze215chaze215 Posts: 1,310
in World & Ancient Coins Forum
This is one example of a handful that I received. What is it and does it have any value? Thank you in advance.

image
image
Chaz

Proud recipient of Y.S. Award on 07/26/08.

Comments

  • newbiecollectornewbiecollector Posts: 2,992
    Unfortunately it only has face value £1 GB Penny.......about 2 US cents. Very common, easily found and I think still in circulation.
    Becoming informed but still trying to learn every day!
    1-Dammit Boy Oct 14,2003

    International Coins
    "A work in progress"


    Wayne
    eBay registered name:
    Hard_ Search (buyer/bidder, a small time seller)
    e-mail: wayne.whatley@gmail.com
  • SapyxSapyx Posts: 2,263 ✭✭✭✭✭
    Not quite, Wayne. This is a predecimal penny, worth 1/240th of a pound. They were withdrawn when Britain went decimal in 1970, but are still legal tender in Britain for 5/12ths of a new penny, or a bit more than half a US cent.

    Naturally, there's far more than that worth in "bullion" copper content, and worth more again as a collectable coin. 1950 is in fact a slightly scarcer than average year; my Krause catalogue puts it at $6 in VF, $21 in EF; I'd grade this one gVF.
    Waste no more time arguing what a good man should be. Be one.
    Roman emperor Marcus Aurelius, "Meditations"

    Apparently I have been awarded one DPOTD. B)
  • newbiecollectornewbiecollector Posts: 2,992
    Opps...................... my mistake.
    Becoming informed but still trying to learn every day!
    1-Dammit Boy Oct 14,2003

    International Coins
    "A work in progress"


    Wayne
    eBay registered name:
    Hard_ Search (buyer/bidder, a small time seller)
    e-mail: wayne.whatley@gmail.com
  • GazzaGazza Posts: 543


    << <i>Unfortunately it only has face value £1 GB Penny.......about 2 US cents. Very common, easily found and I think still in circulation. >>



    err that's not foriegn, that's a British penny which has not been in circulation since decemalisation in the early 1970's. Am I to assume you are somewhere in one of our former colonies image. 1950 George VI penny was a low mintage year of 240,000, that's low compared to the 121+ millions for 1938. Value $15 in VF $35 EF.
  • coinkatcoinkat Posts: 23,462 ✭✭✭✭✭
    The 1950 is alittle tougher in MS... still nice for what it is

    Experience the World through Numismatics...it's more than you can imagine.

  • wybritwybrit Posts: 6,972 ✭✭✭
    These were issued for use in Bermuda, which is why we see a lot of examples of this date and 1951 in the US. The two dates were almost never seen in the home country, except for the proof variety.

    Former owner, Cambridge Gate collection.
  • SapyxSapyx Posts: 2,263 ✭✭✭✭✭


    << <i>These were issued for use in Bermuda, which is why we see a lot of examples of this date and 1951 in the US. The two dates were almost never seen in the home country, except for the proof variety. >>


    I did not know that. Fascinating! image
    Waste no more time arguing what a good man should be. Be one.
    Roman emperor Marcus Aurelius, "Meditations"

    Apparently I have been awarded one DPOTD. B)
  • goossengoossen Posts: 492 ✭✭


    << <i>These were issued for use in Bermuda, which is why we see a lot of examples of this date and 1951 in the US. The two dates were almost never seen in the home country, except for the proof variety. >>



    Where to read more information like this ? Very interesting...
    My coins with pictures: http://www.paraguaycoins.com/
  • SamByrdSamByrd Posts: 3,131 ✭✭✭✭
    That's a nice better date 1P, If it does not have a spot in your collection PM I would buy or trade perhaps.
  • ColinCMRColinCMR Posts: 1,482 ✭✭✭
    back in the 80s i remember not finding pennies from the early 1950s in the bags of coins from the UK that my parents brought to Canada, and now I know why
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