Rare coins can be worth a lot more than you think – here are three gems from centuries ago which are making headlines

Whether it's the "rarest 50p in the UK" or a piece with millions out there which could sell for more than face value, it's best to always check your rare coins

TikTok user @CoinCollectingWizard, who boasts 212,000 followers on the platform, has revealed three coins from centuries ago that could be worth a small fortune.

The user, whose real name is Jay, discussed the three special penny coins – and one's worth a mega £1million if you manage to find it in your stash.

Detailing another, he said: "In 1950, they only made 240,000 coins that means for £1,000 you could have bought all the 1950 pennies ever made. After the war there was a great shortage of small change.

"So to find a 1950 UK pre-decimal penny today, you are looking at between £30-£70, depending on condition."

Next was the 1918 KN penny which the value "depends on the condition".

The user added: "A good grade 1918 KN penny can be over £30 but as the condition increases, such as an extra fine version, you would be looking at over £600."

But while these are worth a few pounds or hundreds, there's an even more valuable coin.

Talking about the 1954 penny, the TikTok poster revealed: "This is one of Britain's most famous coin rarities, many other coins are of equal or greater rarity, but for some reason the 1954 has become the best known of these rarities.

"If for some crazy reason you ended up with a 1954 penny though even if only one is known to exist, then you really could be a millionaire."

Even though there aren't many of these coins lying around, it's still worth checking your stash.

The video garnered 1,000 likes and comments since it was posted as one wrote: "I have lots of these," while another added: "Oh my I have loads of these."

Then others asked how to sell their coins to make a jackpot.

So what are you waiting for? Make sure you check your rare coin collection now.