A British first decimal coin set from 1971, consisting of six coins, has an official value of around thirty pounds. However, this does not reflect the true value of the coin set today. If you were to sell to a professional, you could expect to get around five pounds for them - slightly more if they are in perfect condition with the original packaging, slightly less if not. Online, on websites such as e-Bay, the coins are being sold for around three to four pounds including postage.
Around 350,000 coin sets were issued in 1971. For this reason, sets of genuine first decimal coins are not yet in short supply. If you are currently in ownership of a coin set, in may be advisable to hold onto it for a few decades, after which time its value will have increased. This could mean passing it down the family. The set has to become ‘rare’ before it will sell for a significant amount of money.
Another reason the sets are not currently highly valued is that there is low demand for the coins - partly owing to the current economic climate. People are not willing to part with large amounts of money for coin sets at this time. Of course, coin collectors will still demand first decimal coin sets - but they are likely to know of places they can buy collector’s items cheaply. However, they may be willing to buy a set for ten to twenty pounds if it is in pristine condition.
If you are looking to sell your coin set at a high price, don’t try to sell it yet. Wait a few more years, whilst appreciating the fact you own a piece of British history that could one day be worth a lot of money.
Around 350,000 coin sets were issued in 1971. For this reason, sets of genuine first decimal coins are not yet in short supply. If you are currently in ownership of a coin set, in may be advisable to hold onto it for a few decades, after which time its value will have increased. This could mean passing it down the family. The set has to become ‘rare’ before it will sell for a significant amount of money.
Another reason the sets are not currently highly valued is that there is low demand for the coins - partly owing to the current economic climate. People are not willing to part with large amounts of money for coin sets at this time. Of course, coin collectors will still demand first decimal coin sets - but they are likely to know of places they can buy collector’s items cheaply. However, they may be willing to buy a set for ten to twenty pounds if it is in pristine condition.
If you are looking to sell your coin set at a high price, don’t try to sell it yet. Wait a few more years, whilst appreciating the fact you own a piece of British history that could one day be worth a lot of money.
