Do you have valuable pre-Euro Irish punt coins lying around your home? If you put them up for sale, they could be worth an impressive sum.
Twenty years on from switching to the Euro, collectors are now saying that some of the more hardly produced irish currentness from before the switch has a value that could fetch a pretty penny at auction. Coins from adenine late as the 1980s and 1990s could have a worth of thousands of euros today .
Despite the fact that Ireland officially joining the Euro in 1998, there is even improving to “ €300m [ $ 351 million ] worth of punts are hush unclaimed for ” according to the Central Bank of Ireland. While many of the unclaimed coins and notes credibly seaport ’ metric ton changed much in value, some of the more rare pieces have skyrocketed in price nowadays .
For example, the 1985 copper-colored 20p assemble that depicts a sawhorse could be worth at least €10,000 [ $ 11,700 ] in an auction. similarly, the 1992 10p mint could bring in between €5,000 [ $ 5,900 ] and €10,000 [ $ 11,700 ]. Both of these coins were only produced in very small quantities, making them rare nowadays.
Read more: A template to valuing all your old irish coins ( PHOTOS )
“ It ‘s their very scarcity that makes them so collectible, ” said Mike Kelly, one of Ireland ‘s first coin collectors and numismatic experts, speaking to the irish Independent. “ The fact that anomalies like those coins exist gets collectors actually excited. ”
Kelly went on to explain how he met with many people who were in possession of old-era victorian coins, believing that such coins would be worth a modest luck. not therefore, says Kelly, who points to their relatively common happening as a divisor in determining their value .
“ Sometimes it ‘s the coins you do n’t think much of that can be the very desirable ones. A 1938 penny is worth between €12,000 [ $ 14,000 ] and €14,000 [ $ 16,400 ], ” said Kelly .
again, not all valuable coins were made from eras long ago. “ If you have a €500 note with a serial number T – the letter for Ireland – that ‘s worth about €800 [ $ 937 ], ” says Kelly.
“ Some of the Series A banknotes – the ‘Ploughman ‘ and ‘Lady Lavery ‘ ones that were used from the basis of the State until the mid-1970s – can command up to €5,000 [ $ 5,900 ] if they are in a flawless condition. ”
Read more: Do you however have old irish coins ? $ 270.4m worth is unaccounted for
Kelly went on to say that with the introduction of the Euro, the practice of coin collect is bound to change. “ factor in all the different designs and years minted and you have a huge number of different 1c or 5c coins. ”
The recession, a well, has turned many people on to coin collect, hoping to find an baffling coin that could be deserving exponentially more than it was primitively supposed to be.
Want to value your old coins ? We ‘ve created this handy template for you here .
Have you sold any pre-Euro coins from Ireland at auction? Did you find that they were worth anything? Let us know how you fared in the comments section, below.
*Originally published in 2012.