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I cannot find any convincing reference as to their potential value, but collectors are looking for them. Some quoted prices range between £50 and £100 GBP. There is a similar Halfpenny which is apparently more popular as a collectible then the Penny and more pricey.
They were made for trial purposes as a lighter and smaller coin after the Royal Mint lamented the size, weight and cost of producing the large copper Penny of the day.
There would not have been many made, but they were circulated around Birmingham until 1860. The Royal Mint was keen on the idea and the inventor/designer Joseph Moore, was protected from prosecution under the British counterfeit laws.
Your Penny is 21 mm in diameter and is bimetallic. Very advanced for 1844 and a concept that did not catch on for another 140 years.
It has a bronze or copper outer ring with the words "ONE PENNY" and "MODEL" around the circumference of the obverse. The silver (or sometimes brass) insert has a bust of a young Queen Victoria with the words "VICTORIA REG" around the circumference.
On the reverse, the bronze or copper outer ring should be identical to the obverse. The silver insert has a large "1" in the middle.
A reputable coin dealer will be able to assist you with a valuation.
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∙ 14y ago
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