A 2p coin featuring a Royal Mint error could fetch up to £1,000 among collectors
An expert shared details of a highly-sought after two pence coin worth far more than face value(Image: Getty)
A specific 2p coin from 1983 could be worth as much as £1,000, according to a coin expert. Its value hinges on two particular words that transform it into a sought-after item among collectors.
These specific coins fetch such substantial sums due to an error made by the Royal Mint during manufacturing. They incorrectly bear the inscription “new pence” instead of “two pence”. The mistake dates back to when all 2p pieces produced between 1971 and 1981 displayed the “new pence” wording. Whilst this text was officially altered to “two pence” in 1982, a batch was incorrectly struck the year after.
In a clip shared on TikTok, a specialist known as the Coin Collecting Wizard explained more. He said: “This coin is worth over one thousand pounds. “In 1983 the Royal Mint accidentally minted the two pence coin with ‘new pence’ instead of ‘two pence’. Do you own this coin?
“A 1983 two pence coin with the words ‘new pence’ on the reverse. If so you have found the rare valuable error worth over £1,000.
“Make sure to check any 1983 Royal Mint sets for this two pence coin.” He added: “Just remember you want the 1983 coin two pence ‘new pence’, like this.
“And you can easily sell this to a coin collector for over £1,000. This is only going to go up in value. So, get checking and comment below if you need my help.”
The Royal Mint clarifies on its website: “In 1983 a small number of 2p coins were mistakenly struck with the wording ‘new pence’ on the reverse. These coins were produced to brilliant uncirculated quality – a standard higher than ordinary circulating coins – and were included in special sets intended for collectors.
“Since there are relatively few coins with the date 1983 and the inscription ‘new pence’ in circulation, they may well have a value higher than face value to a collector. The Royal Mint is, however, unable to comment on the value of any individual coin and we would recommend that you should consult a coin dealer.”
At the time of writing, one such coin was available for purchase on eBay for £1,650.