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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.
Obverse of British 1862 Penny Value Reverse: British British 1862 Penny Value

British 1862 Penny Valuations

Very Good Condition
£2.30
Fine Condition
£5.50
Very Fine Condition
£13.90
Extremely Fine Condition
£62.00
About Uncirculated
£210.00
Mint State 60
£325.00+
Mint State 63
-
Mint State 64
-
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.
The value of a British 1862 Penny coin is based on auctions, market trends, and numismatic sources. These figures are a guide only; rarity, condition, and collector demand can affect the actual price.

1862 Penny Coin Composition

The value of a British 1862 Penny coin depends on its composition and the current market prices of the metals used. Coins like the British 1862 Penny made from metals such as copper, nickel, or silver vary in worth based on their metal content and market conditions. While coins made from precious metals like silver may have a higher value due to fluctuations in silver prices, the British 1862 Penny coin made from more stable metals like copper or nickel tends to have a more consistent value. Factors like minting costs and collector demand also influence the value of the British 1862 Penny coin, regardless of its face value.