US Edition'Rare' 1971 Penny Coin Believed to Be Worth £5million but Collector Issues Warning
UNITED KINGDOM, AUG 7 – The 1971 penny is not rare, with 1.5 million minted, and collectors warn online scams falsely claim values up to £5 million, urging caution.
- The coin expert @CoinCollectingWizard alerted followers to a trending scam on social media in 2025 falsely suggesting that a 1971 penny could be valued at £5 million.
- This scam exploits misinformation despite the fact that 1.5 million pennies were minted in 1971, the inaugural year of UK decimalisation, replacing old pre-decimal currency.
- The coins are common, remain worth exactly their face value of 1p, and are still found in circulation though portcullis pennies are becoming less frequent due to Royal Mint withdrawals.
- @CoinCollectingWizard explained that these 1p coins from 1971 are widespread and hold no special value beyond their face amount. He advised followers to verify information through trustworthy sources.
- The warning highlights that scammers seek to trick people into giving money or personal information, underscoring the need for caution about such false claims regarding coin value.
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21 Articles
The Herald Scotland+14 Reposted by 14 other sources
Rare coin collector issues warning over viral 1p coin 'worth £5 million'
Pennies, 20p coins and 50p coins regularly sell for multiple times their worth as keen coin collectors fight to get their hands on rare Royal Mint…
·Scotland, United Kingdom
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Total News Sources21
Leaning Left3Leaning Right0Center16Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
L 16%
C 84%
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