I was told this is worth $10 and I wonder if it is worth more than that. I have no idea whether it is "proof" or not because I know next to nothing about coins and coin collecting. It measures 1 1/2" diameter and weighs 1.8 ounces and it has obviously been circulated and there are plenty of small nicks and dings. It is marked "SOHO" in very tiny letters Can anyone give me an approximate value?
It isn't proof, it's a circulation issue and it looks to be in VF-ish condition, but it should be worth quite a bit more than $10. A coin dealer in the UK would retail something like that for at least £100 (the equivilent of about US$160)... Despite the fact it says 'Soho' they were actually struck in Birmingham by Matthew Boulton at his factory there. They were minted to try and relieve the chronic shortage of small change in Britain at that time. At the time it actually had an intrinsic value in copper of two old pence (just over 1p in todays money). They were quite unpopular with the public due to their size and weight, especially the twopence you have there and they were soon discontinued...
TwoPence I really appreciate the information you gave me! I thought it might be worth more than $10 but I didn't know how to go about finding out until I found this site. I'm learning a lot. I'm guessing from your answer that "proof" means that it hasn't been circulated....I didn't know that. Again, I sincerely thank you for your help. -Julie
havd to agree :thumb: Have too agree with the vf the leaves are still quiet good as you can see the value is lot more than $10 more like £80 Have one myself but never got it graded Dave
'Proof' isn't a state of condition, its a method of striking designed to bring out the design as clearly as possible in order to appeal to collectors. Usually, their condition is FDC (Fleur de Coin) but sometimes they get handled and their condition can be Extremely Fine or below, especially if its an older proof. This coin looks like it was minted using a business strike for circulation, rather than to appeal to a collector, and it looks like it was used for a number of years for its intended purpose before being taken out of circulation and hoarded or hidden before becoming a collector's piece....
Thank You!! That clears up a lot of questions for me, as I never really fully understood what proof meant. Thank you again!
