1. What makes the 1902 Great Britain Penny so special?

The short answer: a new monarch. The long answer: King Edward VII succeeded Queen Victoria in January 22nd of 1901, marking the start of a new era for Britain after nearly six decades under Victoria's reign -- hence making all coins minted during his coronation year quite rare and valuable.

2. How many were produced?

Although it's hard to determine an exact figure, estimates suggest around 28 million pennies were struck by Royal Mint across several mints making them relatively abundant; however finding high graded specimens can be challenging .

3. Is there any difference between these pennies or just how rare they are?

Well if you're looking at their physical attributes alone--no! Only one type was made. But what distinguishes each coin from another would be the level of wear found on these historic pieces.

4. Are there different variations available in terms of design?

Nope! Every single piece had similar designs commemorating the beginning years of King Edward VII’s reign featuring his portrait alongside “King” written above him followed by "Edward" then "VII". On reverse Britannia seated upon waves holding trident with shield aside her anchored towards left side surrounded by somber wreath.

5. Why is it considered such an important date for currency collectors?

As mentioned previously, since it was minted during a transition period between former queen's demise and successor king being crowned thus representing continuity of power in the nation . These coins continue to attract collectors both old and new because of their historical significance, rarity, and value.

6. How can one identify an authentic 1902 penny?

Good question! Its authenticity can be determined by examining its diameter, weight (9 grams), edge features and surface marks that distinguish whether it's a counterfeit or not.

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