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Vintage coin about to be binned valued at an incredible [pounds sterling]100,000 - and it'll help the owner's granddaughter buy her first home; A woman from Hull found the coin while clearing out her attic - little did she know it actually dates back to 1644.

Byline: Emma Munbodh

A rare vintage coin dismissed as 'junk' has been valued at more than [pounds sterling]100,000.

The coin's 69 year old owner, who wishes to remain anonymous, inherited the coin decades ago from her grandfather as part of a shoebox full of other coinage.

While clearing out her attic, she found the long-forgotten box and offered it to her children, who politely declined what they saw as "worthless junk".

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The Hull-based owner then considered binning it, before deciding to post it to Vintage Cash Cow in Leeds, alongside other items of costume jewellery and a silver plated tea set.

It's only then that she discovered the coin is one of 100 of that edition ever made - with valuers estimating its worth at [pounds sterling]100,000.

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The Rawlins' Crown coin was minted in 1644, during the reign of Charles I, and according to some experts, is one of the rarest coins in Britain.

Antony Charman, co-founder of Vintage Cash Cow, said: "We receive literally tonnes of coins and much of this is only worth its weight in metal.

"But this distinctive coin immediately stood out.

"Her other items were worth [pounds sterling]150 and I think she was already delighted with that, but thought a house visit was a little over the top. We then revealed the valuation of the Charles 1st coin and she nearly fell off her chair!"

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Vintage Cash Cow, who are organising the auction, said it's expected to fetch in excess of [pounds sterling]100,000, with coin collectors attracted by its rarity and exceptionally good condition.

The owner plans to use the windfall to take an overseas cruise as well as helping her granddaughter, currently expecting her first child, to fund a house deposit.

"Our priority now is getting the best deal possible for the owner, which means working with an auction house that will understand the prestige value of selling such a rare coin and keep commission fees sensible," Charman added.

Rare money: Have you got any of these?

"Look in old tins, especially rusty old tobacco tins", explains Antony Charman, co-founder of Vintage Cash Cow. Make sure you also look in old boxes, tool drawers, sheds, old toy boxed and piggy banks.

Traditionally, coins have always been hidden in the linings of curtains to weigh them down, so you may find a rare one there.

Rarity and condition are the big factors. Roman coins, may seem an exciting find, but they're very common and often worth very little.

Although people think that hunting with a metal detector in their gardens will unearth a treasure trove those found buried are often in poor condition.

It's not just British coins that are valuable. Foreign holiday currency is also worth sending in as it will have a value.

Valuable money - what to watch for

1933 UK penny. Seven were made, but only six are known to exist. The remaining one could be worth [pounds sterling]72,000, but if in fine condition could be worth [pounds sterling]250,000.

1855 Sydney Mint Type I Sovereign is worth [pounds sterling]16,822.

1943 Irish Florin is worth [pounds sterling]1,500 and is considered the rarest modern Irish coin to have actually circulated.

The 1985 Irish 20p and 1992 Irish 10p were not intended to circulate and were minted only for testing purposes. However, a few were never returned by the engineers that used them. They can be worth up to [pounds sterling]8,000.

1928 George V UK wreath crown can be worth up to [pounds sterling]550. 9,000 were minted but the detail on the back gives it significant value.

CAPTION(S):

Credit: Vintage Cash Cow

Good spot: The coin was minted in 1644, during the reign of Charles I

Credit: Vintage Cash Cow

The coin will be going to auction with the money spent on helping her granddaughter buy a home

Credit: Vintage Cash Cow

The coin actually dates back to 1644, during the reign of Charles I, and is one of only 100 ever made
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Title Annotation:Money
Publication:Daily Mirror (London, England)
Date:Jun 13, 2018
Words:728
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