There were NO British Pennies issued from 1954 to 1960 in the UK.
However, one was struck by the Royal Mint dated 1954 for internal purposes. It is currently held in a museum. Value would be circa £50-£60,000 (2010).
A second coin is rumoured to have surfaced in 2006, supposedly valued at £37,500 GBP.
Exercise extreme caution if you manage to find a coin previously thought to be non-existent or unique or of the greatest rarity, etc., you may have a facsimile coin.
To avoid any embarassment or accusations of fraud, take your coin to a reputable coin dealer for examination and authentication.
Interestingly, Spink's Catalogue "Coins of England and the United Kingdom" 2012 edition suggests a value of £65,000 GBP.
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