Rare Edward VII Pennies - Do You Have Them?
TLDRThis video script discusses various pennies from the reign of King Edward VII, highlighting their minting years and distinguishing features. It delves into the value of 1902 and 1903 pennies, the 'low tide' variety, and the 'open three' and 'closed three' types. The script also covers the 1905 pennies with reverse B and C, the 1909 penny with a rare dot next to the 'one', and the adoption of reverse E in 1909. The value of these coins varies widely based on rarity and condition, with some fetching up to £100 or more.
Takeaways
- 👑 King Edward VII began his reign on January 22, 1901, following the death of Queen Victoria.
- 🏦 Edward VII pennies were not minted for circulation until 1902.
- 💰 Circulated 1902 pennies are common with nearly 27 million minted and are worth about 35 pence each.
- 🌊 The 'low tide' variety of the 1902 penny is rarer, with an estimated 2.4 million in existence, and worth around three pounds each.
- 🔢 The 1903 'closed three' penny is common with over 21 million made, while the 'open three' variety is rarer, worth about 50 pounds each.
- 📉 The 1904 penny is harder to find with under 13 million minted, and the 1905 has two reverse varieties, 'B' and 'C', with the latter being more subtle and valuable.
- 🔍 The 1906 and 1907 pennies are common with 37.9 million and 47.2 million minted respectively, valued at about 50 pence and 40 pence.
- 🌟 The 1908 penny has several varieties that are easy to find, but the video does not delve into specifics.
- 💎 The 1909 penny with a dot next to the 'one' is rare and can fetch between 55 to 60 pounds, with an almost uncirculated example selling for 450 pounds at auction.
- 🔄 The 1909 'reverse E' penny is extremely rare, with an estimated 7,000 to 12,000 in existence, and sold for 1,100 pounds at auction.
- 🎉 All 1910 pennies from Edward VII's reign feature 'reverse E', but their value is around 40 pence due to the large mintage of 29.5 million.
Q & A
When did King Edward VII become the King of the United Kingdom?
-King Edward VII became the King of the United Kingdom on the 22nd of January 1901, following the death of his mother, Queen Victoria.
When were the first Edward VII pennies minted for circulation?
-The first Edward VII pennies were minted for circulation in 1902.
What is the estimated value of a circulated 1902 Edward VII penny in very good to fine condition?
-A circulated 1902 Edward VII penny in very good to fine condition is estimated to be worth about 35 pence.
What is the low tide variety of the 1902 Edward VII penny, and how much is it worth?
-The low tide variety of the 1902 Edward VII penny is characterized by a lower tide level depicted in the design. In circulated condition, it is worth around £3.
How can you identify the open three variety of the 1903 Edward VII penny?
-The open three variety of the 1903 Edward VII penny can be identified by the number three, which is flat at the top and doesn't curl under as much at the bottom, unlike the closed three variety.
What is the estimated value of the open three variety of the 1903 Edward VII penny?
-The open three variety of the 1903 Edward VII penny is worth about £50 in circulated condition.
How many 1905 Edward VII pennies were minted with the reverse B and reverse C designs?
-Under 13 million 1905 Edward VII pennies were minted with the reverse B and reverse C designs.
What distinguishes the reverse C design from the reverse B design on the 1905 Edward VII penny?
-The reverse C design is distinguished from the reverse B by the letter 'e' being turned slightly clockwise, making it not quite level compared to the straighter 'e' on the reverse B design.
What is the estimated value of a 1909 Edward VII penny with a raised dot next to the 'one'?
-A 1909 Edward VII penny with a raised dot next to the 'one' is estimated to be worth between £55 to £60.
How can you identify the rare reverse E design among the 1909 Edward VII pennies?
-The rare reverse E design can be identified by drawing a line straight through the 'one' in the date; it should line up perfectly with one of the beads around the edge, unlike the common reverse D design.
What is the estimated value of a 1909 reverse E Edward VII penny in almost uncirculated condition?
-An almost uncirculated 1909 reverse E Edward VII penny sold at a London coin auction for £450.
How many 1910 Edward VII pennies were minted, and what is their estimated value?
-29.5 million 1910 Edward VII pennies were minted, and they are estimated to be worth around 40 pence each.
Outlines
🪙 Edward VII Pennies - Circulation and Value
This paragraph discusses the circulation and value of Edward VII pennies, specifically from 1902, which were minted after King Edward VII's ascension to the throne. The condition of these coins is described as circulated, with an estimated value of 35 pence for a common 1902 penny. The video also highlights the 'low tide' variety of the 1902 penny, which is less common and worth around £3, as well as the 'closed three' and 'open three' varieties of the 1903 penny, with the latter being significantly more valuable at about £50. The paragraph emphasizes the importance of condition and rarity in determining a coin's value.
🪙 Varieties and Rarity of Edward VII Pennies
This paragraph continues the discussion on Edward VII pennies, focusing on the different varieties and their rarity. It covers the 1904 penny, which lacks known varieties and is estimated to be worth about £1 due to its lower mintage of 12.9 million. The 1905 penny is noted for its two reverse varieties, B and C, with the latter being slightly more valuable at 80 pence. The 1906 and 1907 pennies are mentioned as standard issues with no significant varieties, valued at 50 pence and 40 pence, respectively. The paragraph also touches on the 1908 penny, which has several easy-to-find varieties but is not elaborated on in detail here. Finally, the 1909 penny is discussed, with a focus on the valuable 'dot' variety and the 'reverse E' variety, which sold for £1,100 in an auction.
🪙 Final Years of Edward VII Pennies and Transition to George V
The final paragraph discusses the last years of Edward VII's reign and the transition to King George V. It provides a brief overview of the 1909 penny, including the common variety and the 'adopt penny' with a reverse D. The paragraph also mentions the rare 'reverse E' variety of the 1909 penny, which is highly sought after by collectors. The video concludes with a mention of the 1910 penny, which was minted during the brief period between Edward VII's death and George V's coronation, and is valued at around 40 pence. The video creator encourages viewers to check their collections for these coins and to subscribe for more content.
Mindmap
Keywords
💡King Edward VII
💡Circulated Condition
💡Minted
💡Low Tide Variety
💡Closed Three and Open Three
💡Reverse B and Reverse C
💡Raised Dot
💡Reverse D and Reverse E
💡Numismatics
💡Valuation
Highlights
King Edward VII became the king of the United Kingdom, the British dominions, and Emperor of India on January 22, 1901.
The 1902 pennies were the first to be minted for circulation after Edward VII's reign began, but they were not minted until 1902.
Circulated condition pennies from the reign of Edward VII can be found in piggy banks, money boxes, or drawers.
The 1902 penny in circulated condition is valued at about 35 pence.
The low tide variety of the 1902 penny is less common and can be identified by the tide level around Britannia's legs.
The low tide variety 1902 penny is estimated to be worth around £3 in circulated condition.
The 1903 penny has a closed three variety, which is common and worth about 50 pence in poor condition.
The open three variety of the 1903 penny is rarer, with an estimated value of about £50 in circulated condition.
The 1904 penny is relatively hard to find with under 13 million minted, and it is valued at about £1.
The 1905 penny features two reverses, B and C, with the main difference being the orientation of the letter 'e'.
The 1906 and 1907 pennies are quite common with nearly 38 million and 47.2 million minted, respectively, and are valued at about 50 pence and 40 pence.
The 1908 penny has several varieties, but the video does not go into detail on them, suggesting a potential for a separate video discussion.
The 1909 penny has a common variety and a rare variety with a dot next to the 'end' in 'one', which can be worth up to £55-£60 in circulated condition.
In near uncirculated condition, the 1909 penny with a dot can sell for as high as £450 at auction.
The 1909 penny also features reverse D and reverse E varieties, with the latter being extremely rare and valuable.
The 1910 penny was minted during Edward VII's reign, with 29.5 million made, and is valued at around 40 pence.
All 1910 pennies feature reverse E, which can be identified by the alignment of the 'one' in the date with the beads around the edge.
The video suggests that many 1909 pennies in circulation will have worn details, making it difficult to identify the reverse variety.
The video encourages viewers to check their own collections for valuable Edward VII pennies and to share their findings.
Transcripts
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