1906 United Kingdom One Penny Predecimal Coin • Values, Information, Mintage, History, and More

The Coin Dictionary
15 Aug 202203:23
EducationalLearning
32 Likes 10 Comments

TLDRIn this episode of the Coin Dictionary, host Christian discusses the 1906 British one penny coin, highlighting its history, design, and value. The bronze coin features an uncrowned portrait of King Edward VII and a seated Britannia on the reverse. Minted from 1902 to 1910, these coins were demonetized in 1971 with the introduction of decimal currency. With a mintage of 37 million, the 1906 penny is relatively common and can be found in world coin bins or online marketplaces. The video also suggests additional resources for coin collectors and enthusiasts.

Takeaways
  • 🏅 The 1906 British one penny is a bronze coin, quite large at 9.45 grams, 30.8 millimeters in diameter, and 1.6 millimeters thick.
  • 👑 The obverse features the uncrowned portrait of King Edward VII with the legend stating his title and roles.
  • 🎨 The designer of the obverse portrait is George William De'ath.
  • 🛡️ The reverse side showcases Leonard Charles Wyon's design of Britannia seated, holding a trident and a shield with the Union flag.
  • 📅 The coin's year of mintage is 1906, and it denotes the denomination of one penny.
  • 👑 King Edward VII's reign was from 1902 to 1910, during which these coins were produced.
  • 💰 In the pre-decimalization currency system, 240 one pennies equaled one British pound.
  • 🔄 The 1906 one penny had a mintage of 37 million 989,500, making it relatively common.
  • 💵 These coins typically sell on eBay for between $1 to $4.25 based on recent sales.
  • 📈 NGC's price guides value an average circulated 1906 one penny between $2 and $2.75, and in high mint state grades, it could range from $50 to $300.
  • 🧩 Collecting these coins is a fun series for enthusiasts and they are often found in world coin bins.
  • 🔗 The speaker, Christian, owns The Coin Dictionary and suggests visiting their website and social media platforms for more coin-related resources.
Q & A

  • What is the material of the 1906 British one penny coin?

    -The 1906 British one penny coin is made of bronze.

  • How much does the 1906 British one penny coin weigh?

    -The 1906 British one penny coin weighs 9.45 grams.

  • What are the dimensions of the 1906 British one penny coin?

    -The coin has a diameter of 30.8 millimeters and is 1.6 millimeters thick.

  • What portrait is featured on the obverse of the 1906 British one penny coin?

    -The obverse features the uncrowned portrait of King Edward VII.

  • Who designed the obverse of the 1906 British one penny coin?

    -The obverse was designed by George William De'ath.

  • What is depicted on the reverse side of the 1906 British one penny coin?

    -The reverse side features Leonard Charles Wyon's design of Britannia seated with a trident and a shield bearing the Union Flag.

  • In which year were the 1906 British one penny coins produced?

    -The coins were produced from 1902 to 1910 during the reign of Edward VII.

  • What was the mintage of the 1906 British one penny coin?

    -The mintage of the 1906 British one penny coin was 37 million 989, 500.

  • When were the 1906 British one penny coins demonetized?

    -They were demonetized in 1971 when decimalization took effect.

  • What is the value of a 1906 British one penny coin in average circulated condition?

    -In average circulated condition, the coin is worth between two and two dollars and seventy-five cents.

  • What are the potential values of a 1906 British one penny coin in high mint state grades?

    -High mid state grades from MS 60 could be worth 50, all the way up to 300 for MS 66.

  • Where can one find more information about coins and collectibles?

    -Additional information can be found on thecoindictionary.com, Treasure Town YouTube channel, coinmeltprice.com, coinsmetalscards.com, and whatsthegrade.com.

Outlines
00:00
🏅 Introduction to the 1906 British One Penny

The video begins with the host, Woo Hoo, introducing a 1906 British one penny coin. The coin is described as a large bronze piece, weighing 9.45 grams, with dimensions of 30.8 millimeters in diameter and 1.6 millimeters thick. The host notes the coin's uncrowned portrait of King Edward VII on the obverse, with the legend stating his title and reign. The reverse side features Leonard Charles Wyon's design of Britannia, with the year of mintage and denomination. The coin's production period is from 1902 to 1910, and its mintage quantity for 1906 is 37 million 989,500, indicating its commonality. The video also touches on the historical context of the coin's value and its demonetization in 1971 due to decimalization.

Mindmap
Keywords
💡Coin Dictionary
The Coin Dictionary is a reference or resource, as mentioned in the video, that likely provides detailed information about various coins, their history, and other relevant details. In the context of the video, it is also the name of the YouTube channel owned by the speaker, Christian, who uses it to discuss and educate about coins.
💡1906 British One Penny
The 1906 British One Penny is a specific coin discussed in the video, made of bronze and featuring historical elements such as the uncrowned portrait of King Edward VII on the obverse and the design of Britannia on the reverse. This coin is part of a series produced between 1902 and 1910 and is a collectible item for numismatists.
💡King Edward VII
King Edward VII was the monarch of the United Kingdom from 1901 to 1910. His reign is significant in British history, and his image appears on the obverse of the 1906 British One Penny coin, signifying the historical period during which the coin was minted.
💡Britannia
Britannia is a symbol of the British Isles, representing the personification of the country. In the context of the video, Britannia is featured on the reverse side of the 1906 British One Penny, seated and holding a trident and a shield with the Union Flag, symbolizing Britain's historical maritime power and defense.
💡Mintage
Mintage refers to the number of coins that are produced by a mint in a particular year. In the video, the mintage of the 1906 British One Penny is given as 37 million 989,500, indicating the relative commonality of this coin within the series and its production period.
💡Demonetization
Demonetization is the process by which a currency loses its status as legal tender and is removed from circulation. In the context of the video, the 1906 British One Penny was demonetized in 1971 with the introduction of decimalization, changing the currency system and rendering the old pennies no longer valid for transactions.
💡Decimalization
Decimalization is the process of converting a currency system to a decimal system, typically involving the revaluation of existing currency units. In the UK, decimalization occurred in 1971, replacing the old system where 240 pennies equaled one British pound with a new system where 100 new pence equaled one pound.
💡Numismatics
Numismatics is the study or collection of currency, including coins and paper money, and is a popular hobby for many. In the video, the 1906 British One Penny is presented as an item of interest for numismatists, who might collect such coins for their historical, cultural, or monetary value.
💡Circulation
Circulation refers to the distribution and use of coins or currency within an economy. In the context of the video, the 1906 British One Penny was in circulation from its minting until its demonetization in 1971, after which it was no longer used for transactions.
💡Collectibles
Collectibles are items that are gathered and cherished by enthusiasts, often for their historical, aesthetic, or monetary value. In the video, the 1906 British One Penny is presented as a collectible item, with information on its potential worth and how it can be found in world coin bins.
💡Condition
Condition refers to the state or quality of a collectible item, such as a coin, which can significantly affect its value. In the video, the condition of the 1906 British One Penny is discussed in terms of average circulated condition and high mint state grades, with values ranging from two dollars to over 300 dollars depending on the grade.
Highlights

Introduction to the 1906 British one penny coin

The coin is made of bronze and weighs 9.45 grams

The diameter of the coin is 30.8 millimeters

The coin is 1.6 millimeters thick with a smooth edge

The uncrowned portrait of King Edward VII is featured on the obverse

The legend on the obverse describes Edward VII as the King of all Britons and Emperor of India

The obverse design was created by George William De'ath

The reverse side features Leonard Charles Wyon's design of Britannia seated with a trident and a shield

The year of mintage, 1906, and the denomination one penny are displayed on the reverse

Coins were produced from 1902 to 1910 during Edward VII's reign

240 of these pennies equaled one British pound at the time

The coin was demonetized in 1971 with the introduction of decimalization

The 1906 mintage had a production of 37 million 989,500 coins

The coin regularly sells on eBay for between one and four dollars and twenty-five cents

NGC's price guide values the coin between two and seven dollars fifty cents in average circulated condition

High mid state grades can range from 50 to 300 dollars

The series of coins is popular for collectors and often found in world coin bins

The Coin Dictionary is a resource for learning about coins and collectibles

Additional resources like Treasure Town, Coinmeltprice.com, Coinsmetalscards.com, and Whatsthegrade.com are recommended for further exploration

Transcripts

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BritishPennyNumismaticHistoryKingEdwardVIIBritanniaCoinCollecting1906MintageBronzeCoinageMonetaryConversionValueAssessmentTheCoinDictionary