Adding coins to a piggy bank is an old practice, but one that some people won’t give up. It is a method of raising money at home to pay for major expenses or to fulfill a dream. Have you ever considered whether such a coin can be sold for more than its actual amount?
This is possible for numanists, collectors of rare coins and banknotes who pay significant sums to complete their collections. This market is increasingly busy, especially with sales over the internet, an example of which is the R$0.05 coin model that can be sold for up to R$40.
It’s worth checking your wallet and even opening the piggy bank to see if a rare coin hasn’t gone missing. After all, we can’t exchange coins for bills every day. Next, we explain what makes these items so valuable, sought after, and what sets them apart from the rest.
The rare coin was issued by the Central Bank in 1999 with few units. Photo credit: @jeanedeoliveirafotografia / pronatec.pro.br
How can rare coins be sold?
The wanted R$ 0.05 cent coin was issued by the Central Bank in 1999, in a small mintage, the few copies of the model make the piece so valuable. Only 11.2 million pieces were issued back then, which is why collectors are willing to pay between 10 and 40 BRL for just one of these coins.
The year of issue can be seen on the face of the coin, just below its denomination. Most of the money currently in circulation was spent a few years ago. The older the coin or bill, the more difficult it is to find on the market. In this way, the way out can be to check the piggy banks.
We usually leave the accumulated coins for several years, because some models of piggy banks do not open, so the only way to withdraw money is to break it.
For those who find a rare coin or are in doubt as to whether their coins could be worth more, the tip is to look for a coin auction or even make an investment on Mercado Livre and Ebay. In addition, it is necessary to be wary of possible scams in this type of negotiation.
Also see: These COINS can be worth up to R$ 10,000; You can have in your wallet!
BRL 1 coins
Not only the R$0.05 coin is valuable, others are also considered rare and can be sold for higher values. In addition to coins, banknotes with misprints and different information have become unique and special for those who like to collect money from different eras.
Created by the central bank in a special edition for the Rio 2016 Olympics, the R$1 coins have become increasingly valuable over time. The most coveted is the one that depicts the transition from the London Olympics to Rio de Janeiro with the handing over of the flag.
Other coins issued around the same time each represent a different Olympic sport. Some of these coins are sold on websites and blogs for up to R$7,000. The numisk rule is clear, the older the item, the more expensive, rare and valuable it is.
Also see: BRL 1.00 coins can be sold for more than BRL 9,000: you can have ONE in your wallet