British 1862 Penny Value

Coin Values, images, and specs for the 1862 Penny from British.

The British 1862 Penny, designed by Benjamin Wyon, featured Queen Victoria on the obverse and a shield with a crown on the reverse. Struck in 95.5% copper, the 1862 Penny reflected Britain’s industrial expansion and growing global influence during the Victorian era. The coin was part of the Penny series, which helped standardize currency as Britain solidified its financial power worldwide.

Politically, the British 1862 Penny was issued during a time of significant change in British politics and the economy, including the Reform Act of 1867, which extended voting rights. The coin’s copper content symbolized Britain’s robust industrial economy, marking the nation’s continued dominance in global trade. The 1862 Penny remains a symbol of Victorian Britain’s economic and political transformations.

1862 Penny Mintage

Victoria 1862 Penny coin is a popular coin with 50,534,400 minted. Each year, the Victoria 1862 Penny mintage numbers vary, making certain years more sought after by collectors and investors due to their limited production.
The value of Victoria 1862 Penny coins are influenced by their rarity or mintage, condition, and historical significance.

1862 Penny Worth

The value of 1862 Penny depends on its rarity, condition, historical significance, metal content, and demand among collectors. Understanding these factors helps in assessing a coin’s worth accurately.

Coins with unique features or errors can also command higher prices due to their novelty and appeal to collectors.

British 1862 Penny Valuations

Very Good Condition

£2.30

Fine Condition

£5.50

Very Fine Condition

£13.90

Extremely Fine Condition

£62.00

Extremely about Uncirculated

£210.00

Mint State 60

£325.00+

Mint State 63

Mint State 64

The valuation of a British 1862 Penny coin is based on data from auctions, market trends, and various numismatic resources. These values are intended as guides only and may not reflect the exact price you will receive when buying or selling a British 1862 Penny coin. Market conditions, rarity, and collector demand can all impact the actual value.

1862 Bronze Penny

Victoria 1862 Penny: Bronze coins were made from an alloy of copper, tin and zinc. British 1862 Penny bronze coins intricate designs and inscriptions. These elements convey religious, cultural, or political messages, further embedding the British 1862 Penny societal and historical contexts of their time.

1862 Penny Grading

Coin grading is used to evaluate the condition of a British 1862 Penny coin, which significantly influencing its value. The Sheldon Scale, ranging from 1 (poor) to 70 (mint state), is commonly used to value a Victoria 1862 Penny. Key factors include wear, luster, strike, and overall eye appeal. Higher-grade British 1862 Penny coins will show minimal wear and superior qualities and typically command higher prices. Accurate Victoria 1862 Penny grading is crucial for determining fair value, making it essential for both collectors and investors in the numismatic market.

Experienced collectors may have their own opinion of a coins grade.

1862 Penny Value

Victoria 1862 Penny coin valuation involves assessing a coins worth based on several factors: rarity, condition, demand, historical significance, and metal content . Victoria coins that are rarer and in better condition tend to have higher values. Market trends and collector interest also play significant roles in determining a British 1862 Penny value.

We use various sources including auction sites to determine the value of British 1862 Penny worth.

The values provided here are estimates and should be used as general indicators only. .