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A RARE "bun head" penny coin could be worth over £160 if you have a specific date, a collector has said.

The rare coin enthusiast shared a video on social media to explain which pennies are most valuable.

A money collector explained which penny coins are most valuable
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A money collector explained which penny coins are most valuableCredit: TikTok/coincollectingwizard
The 'bun head' coin can be worth up to £160
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The 'bun head' coin can be worth up to £160Credit: TikTok/coincollectingwizard
This is what the reverse of the 1894 penny looks like
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This is what the reverse of the 1894 penny looks likeCredit: TikTok/coincollectingwizard

The clip from the expert, who goes by the name of on TikTok, revealed images of seldom-seen change that could bag you hundreds of pounds.

He said: "There are many old British pennies that are quite valuable, it does depend on the date though."

The collector explained that the 1894 predecimal penny "easily sells" for over £160 if it's in "extrafine condition".

The coin depicts Queen Victoria facing left on one side and the Helmed Britannia seated facing right on the reverse.

READ MORE ABOUT RARE COINS

The Coin Collecting Wizard said this item was the last predecimal penny featuring Queen Victoria.

It is dubbed the "bun head" because of Queen Victoria's hairstyle on the coin.

The content creator said the date on the coin is key as that's what makes the coin more valuable.

He added: "The 1894 penny in extrafine condition easily sells for over £160, so keep an eye out for this very old penny."

He also said the coin is "just one of many that are rare and valuable" but he explained: "Just remember it all depends on the date and the condition of the coin."

The video was published on Wednesday but has already been seen thousands of times.

Is Your 50p Worth More Than You Think

Someone asked the collector if the 1961 one penny was also valuable but he replied: "No good sorry."

Earlier this month, the collector shared a clip about a rare 50p coin that could be worth up to £2,000 due to an error made in the production of the first edition.

He explained the "Lines Over The Face" Aquatics 50p is especially rare because the first edition had lines over the swimmer's face.

What are the most rare and valuable coins?

He said: "Find this 50p and make an easy two grand - but it must be a first edition."

Bear in mind though, a coin is only worth what the buyer is willing to pay and you might not always get hundreds of pounds for it.

For example, we spotted one of the Aquatics 50p coins selling for just over £80 on eBay recently - and the piece received a total of three bids.

Another, which received a total of three bids, sold for just £5.

Do you have a money problem that needs sorting? Get in touch by emailing [email protected].

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