Rare penny coins might make you 'millionaire' after one sells for £127k at auction

Are you sitting on a fortune by using these coins in your collection?

It's no secret certain pieces can be worth an absolute mint. Now one TikTok user revealed how you can turn into a millionaire by owning these pennies.

The user, @thecoincollectoruk, who has amassed 129,000 followers, shared a video showcasing two old pennies with different dates. They highlighted a coin from 1933 and a Queen Elizabeth piece from 1954.

They stated: "These two old pennies can make you a millionaire. There are two different dates you must look out for on your old pennies. The first is a George 5th penny from 1933, there are thought to be less than 10 of these.

"One of them resold at auction for £127,248 and others in the £70,000 to £80,000 range. It's definitely the most valuable penny to ever exist."

They then shifted his focus to the Queen Elizabeth 1954 penny which is extremely rare.

"There is only one of these known to have survived from a trial run of several hundreds according to the Royal Mint," the user explained.

"This means the 1954 is also an extremely rare penny, the last one sold in 1991 for £23,100. It's likely worth even more now with inflation accounted for."

Additionally, there's an "MS 63 version of the coin which could be worth up to £60,000". Since the informative video was posted, it has received 4,000 likes and over 400 comments.

Collectors are in a frenzy over potential rare finds, with one stating: "Penny black is the most expensive penny," and another keenly adding: "Hi sir I have this coin."

A different enthusiast chimed in: "I have four of these."

Should you suspect you're in possession of such collectible coins, the sage advice is to consult with a specialist. Some pieces could turn out to be tiny treasure troves, worth significantly more than you might anticipate.