Check change for coins from before this date worth 'small fortune'

Newspoint
Newspoint

Brits have been urged to look through any old coins they have at home as some could be worth a "small fortune". According to an expert, certain coins from before a specific date can be especially valuable.

In a video uploaded to social media platform TikTok, an expert known as the Coin Collecting Wizard explained that some old shillings had real silver in them.

Hero Image
This will be the case if you have any from before 1946.

A shilling is a historical British coin and currency unit that was worth 12 old pence until 1971.

After then it remained in circulation until 1990, worth five new pence.

Speaking to his followers, the expert said: "I bet you didn't know some old UK shillings have real silver in them, making them worth money.

The British shilling, abbreviated '1s', was a unit of currency and a denomination of sterling coinage worth 1/20 of £1, or 12 pence.

"It was first minted in the reign of Henry VII as the testoon, and became known as the shilling sometime in the mid-sixteenth century. It circulated until 1990."

He continued: "The word 'bob' was sometimes used for a monetary value of several shillings, e.g., 10 bob note.

"Following decimalisation on 15th of February 1971, the coin had a value of five new pence."

If you have an older shilling made from silver, it could be worth trying to sell.

He said: "But did you know the shilling was made from a certain amount of silver from its introduction in or around 1503 until 1946?

"As you are probably aware, silver is always going up in price, and these shilling coins are also going up in value due to their silver content. So, do you have any shillings before 1946?

"If you do, you are holding actual silver, and it could be worth a small fortune."