When assessing the value of a 1956 coin featuring Elizabeth II, it’s crucial to first determine which country issued the coin, as Queen Elizabeth II was the monarch of many countries in 1956 . These countries included the United Kingdom, Canada, Australia, New Zealand, and South Africa, [according to Wikipedia].
The value of the coin is affected by several factors:
- Country of Origin: The value can vary depending on the country that minted the coin.
- Denomination: The face value of the coin (e.g., 1 cent, 2 shillings) will influence its value.
- Condition: Circulated coins in poor condition are typically worth less than coins in excellent or “mint” condition.
- Rarity: Certain variations or errors in the minting process can make a coin more rare and valuable. For example, a 1956 Canadian 10 cent coin with a small raised dot due to a die error is considered particularly collectible.
- Presentation: Coins that are well-preserved and presented, for example, in a collector’s case, may be more desirable and command a higher price.
Here are some examples of 1956 Elizabeth II coins and their approximate values:
- UK 2 Shilling Coin: Circulated coins are generally worth a few pounds, with examples selling for around $3.90 USD or $4.91 USD.
- Canada 1 Cent Coin: A slightly dirty used coin recently sold for $3 USD.
- Canada 50 Cents Coin (Silver): A used coin featuring the coat of arms recently sold for $113.50 USD.
- South Africa (likely UK-issued) 2 1/2 Shillings Coin (Silver): One used example was recently offered for $88.50 USD (discounted from $177).
- UK Half Crown: A previously circulated coin in good condition was recently offered for $108.32 USD.
Please note: These are just examples, and the actual value of your specific coin may vary. It’s best to consult with a reputable coin dealer or numismatist for a precise valuation.
What is the rarest South African coin?
One of the rarest and most valuable South African coins just sold for over R40 million. The “Single 9” 1898 Pond coin, considered the most valuable South African coin, recently sold at auction for a record-breaking $2.16 million (R40. 10 million) on Monday (13 January) 2025.