1937 Penny Value UK – Most people have a question about 1937: how much is a 1937 penny worth? First of all, you cannot decide on a single price for all pennies because there are various pennies. So, therefore, a single price for all pennies cannot be determined. The 1937 penny or 1937 George Vi penny is around 85 years old. The coins were minted from 1937 to 1948. This means that the 1937 coin is the first of this series.
The coins were part of the British economy for 34 years, and the coins were finally demonetized in 1971. The 1937-to-1948-coin series was being minted during the world war. It was the most challenging time in the British empire. The coins were made from the Bronze, as most coins were.
The portrait of George VI has significance on these coins. It was the first series with George Vi’s picture on it. In 1953 the coins with Queen Elizabeth portrait started minting in the UK.
Our article will thoroughly discuss the 1937 penny and 1937 British penny value. So, read our article till the end if you want to know about it.
1937 Penny UK George VI Value
The royal mint of England minted 1937 pennies, and Humphrey Paget presented the coin’s Obverse design. Humphrey designed the front portrait of kind George.
He was a British coin and medal designer, and his work can be seen on many historical Items. He was part of the royal mint for a year. His designs are marked with his initials HP.
The 1937 penny George VI value is determined by its quality, and we will further discuss it below.
1937 Edward Penny
The royal mint of England minted a penny with King Edwards’s portrait on the front. The penny was coined for royal approval. Humphrey Paget gave the design of the king portrait.
The royal mint thought of bringing the old reverse design from 1895 pennies, but the British royal family later dropped the idea. The coins were not minted and were replaced with the George Vi coins in march 1937.
The Edward 1937 one penny value UK is very high. It is considered to be worth millions. The reason for it is that it’s scarce.
Shape & Size British 1937 UK Penny
The royal mint of England minted the 1937 British penny. The coins were minted in huge numbers. Around 88,896,000 coins were minted in 1937 by the royal mint.
Coins are made out of Bronze, a ubiquitous metal, and the government later demonetized the currency on the 31st of August 1971.
It was part of the Pound sterling. The coins of this series were minted from 1937 to 1958. One 1937 penny is equal to 12 shillings.
1937 English penny value is determined by its condition. It has a diameter of 30.8 mm and is 1.6 mm thick. 1937 George Vi penny weighs 9 grams and is made out of Bronze.
The alignment of the coin is straight, and you can observe the front picture of King George Vi. Edges of the coins are plain with no pattern.
On the front of the coin, King George Vi’s left-facing portrait can be observed. The picture is facing left and is uncrowned. Writing is done around the concept of the King. The report on the coin is “GEORGIVS VI D:G:BR:OMN: REX F:D:IND: IMP.HP,” it is all written in capital letters.
The words mean “George the Sixth by the blessing of God Almighty, emperor of all the Britons, the protector of the Faith. The Emperor of India.” The front side was designed by the famous British designer Thomas Humphrey.
A seated figure of the Britannia right can be observed on the back of the coin. The figure has a trident in the left, and the right hand is holding the shield.
The shield has a British flag on it. In the figure’s background, a sea and lighthouse can be observed. The date is engraved on the bottom of a coin just below the figure of Britannia right, and on the side is the value of the coin, which is One Penny. The back design was done by Charles Walter Coombes, another famous designer.
Variety in Coins: 1937 One Penny Coin Value Uk
The variety of the coin does not determine one penny 1937 George Vi value; instead, the condition of the coins does it. The different currencies are available in bulk, and no design is rare.
The difference in Obverse and reverse can be observed in the coins. The combination of these different designs is available in three varieties.
The obverse difference of the coin is located at the last letters IMP, I in the first design is at the left, and in the other, it’s on the right of the tooth.
The P in the first design is at the tooth, and in the second, it is at the right side. The dot after the letter is small, but the dot is a little big in the second design.
Reverse style differences can be found by keen observation. In A design, the second N of the penny is at the tooth, but both N is between the tooth in the B design.
The tooth in design A is longer, and the tooth is shorter in design B. The sea level in B design is above the tooth, but it is a tooth in A design.
The combination of the two designs of Obverse and the reverse is in this manner. The combinations make three varieties in pennies.
The first combination is the first obverse design and A reverse design, and the second combination is the first obverse design and B reverse design. The third combination in 1937 penny is second obverse design and B reverse design.
Value of 1937 Penny
The condition of the coin determines one penny 1937 value. The state of the coin determines the value of the coin, and the better quality of the coin can increase the value of the coin ( see here 1912 penny value UK and 1916 penny value UK ).
Following are some conditions of the 1937 UK penny and its value.
1. Fine MS 12
The acceptable condition of the coin is graded MS-12. The coin is graded on the condition it is in. A coin is in okay condition if it has a tiny sign of wear.
The high points of the coins are affected by time. Some lower parts are also damaged in this condition. 1937 British penny value in this condition is around a half dollar.
2. Very Fine MS-20
The fine condition of coins means that their high points are affected but still have a sharp look. The very fine coins are graded MS-20 and are expensive if they are rare. 1937 one penny coin value UK in this condition would be around a dollar.
3. Extremely Fine MS-40
MS 40 grade coins are called Extremely fine coins. They have a sharp, high point and the polish of the coin is also visible on some points.
These coins are rarely circulated, and a rare coin in this condition is worth a lot. One penny 1937 George Vi value in this condition equals three dollars or more.
4. Uncirculated MS-60
Coins in uncirculated conditions are worth a lot. A rare coin found in uncirculated conditions can be worth thousands of dollars. 1937 penny Value Uk in this condition is estimated to be ten dollars. An uncirculated coin has high points sharp, and no wear is found on these coins.
5. Proof MS-63
MS 63 coins are found in lush condition. These coins are minted specially for collection purposes, and they have a very high-quality finish. There are two types of proof coins in the 1937 UK penny.
1937 proof coins that were 26,000 total minted are $25. The other proof coins with Matte finish are rare.
Only four coins were minted in 1937, and they were worth four grand in MS 63 grade. One penny 1937 Georgios Vi vale in this condition is very high because they are super rare.
Who was George VI?
Better known by George Vi, Albert Frederick George was the last emperor of the great Indian empire. He was the King of the UK and the dominions of the British empire.
George Vi’s reign lasted for 16 years. Elizabeth II, his daughter, succeeded him, and he succeeded Edward VIII in becoming the King.
The King was born in the time of Queen Victoria. George was born on the 14th of December 1895, and he was crowned King of the British empire on the 11th of December 1936.
He was the kind till his death in 1952. The kings’ position was transferred to his daughter, the Queen of England Elizabeth II. George was famous among his friends as Bertie.
He was a great king and will be remembered by his people for a long time.
Other Expensive UK Coins
1933 George V penny is a very expensive British penny. The penny is highly valued in any condition. The reason for that penny to be so rare is that only seven of these pennies were ever minted.
There are seven pennies of this kind, and collectors want to lay their hand on one of these. In 2015 a 1933 penny was sold for 193 thousand dollars. 1933 pennies are available in the royal mint museum.
1937 Edward VIII three pence are worth a fortune because only ten of these coins were ever minted by the royal mint of England. The coins were minted for the royal family inspection. The coins were to be minted in bulk, but the abdication of Edward VIII canceled the Plan.
The church and people of England unaccepted his marriage to Wallis. The coins are super rare and are only ten available in the world. Therefore, they have a value of more than fifty thousand dollars around the world.
1917 King George V gold coins are some of the most expensive coins in England. The coins are made out of 22-carat gold and are super rare. Apart from being rare, their condition and material are worth a lot.
The coins are super rare ( most valuable foreign coins ) and cannot be found easily. Collectors can throw a good chunk of money to get their hands on one of these coins.
The coin is worth a fortune if found. A 1917 King George V Gold coin was sold for over 30 thousand US dollars.
1973 European Economic Community coin is rare. The coin is not much old but is expensive due to its rarity. Only a few of these 1973 coins were minted.
This commemorative coin in the uncirculated condition is worth a lot. A coin was sold for more than six thousand dollars at an auction ( 1917 penny value UK ).
These were some of the expensive British coins; several other British coins are also out there; you should search for them if you think you have one, like a 1937 British penny value that increases if you find a rare one.
Why are some coins Expensive?
Some coins become expensive because only a few of those coins are available globally. Due to their historical significance and rarity, their value increases. Collectors pay a considerable amount for these coins to add to their collection. Only an expert can tell you if your coin is expensive or not.
The world is full of scams, and people mint fake coins and sell them for a high price. So, it is essential to show your coins to an expert before selling or buying.
Coins are also expensive due to their condition. A proof or uncirculated coin is more expensive than regular coins. Collectors are always in search of such coins.
If you have a coin like this and want to sell it, find a collector who can pay you a good amount. So, these are the reasons why some coins are expensive.
Conclusion:
SO, this article was about a 1937 one penny Georgivs value. We told you all about the coins and what condition they are expensive. We also told you about other British coins that are expensive and worth a fortune. 1937 penny value Uk is high if it’s in mint condition.
Only four proof coins with Matte conditions were minted, and they are precious. They are placed in the royal mint museum of England. The article tells you all about these coins and much more. So, read out the article if you have any questions regarding the 1938 UK penny.