Rare 2p coin worth £1,000 - but only if it has this specific date
In recent months, certain coins have caused a stir online. Just recently, collectors were told one of the coins sold for £127,000 at auction so it's worth keeping an eye on your stash
by Christine Younan · ChronicleLiveCould you be unknowingly sitting on a small fortune? If you have this rare coin, the answer could be yes.
Recently, certain coins have been causing quite a buzz after two old pennies sparked interest online. Not long ago, collectors were informed that one of these coins fetched a whopping £127,000 at auction, so it's definitely worth keeping an eye on your loose change.
On TikTok, user @CoinCollectingWizard, who has amassed a following of 198,000, posted a video of himself cleaning a coin valued at £1,000. He revealed: "Did you know about the New Pence 2p coin worth £1,000? Don't worry though this one is 1971 and not the rare date."
"Want to know what rare New Pence coins to look out for, keep watching. After the design changed from New Pence to Two Pence in 1982, a mistake was made during production of a small number of 1983 coins.", reports the Mirror.
He went on to explain that these coins were mistakenly struck with the old inscription New Pence, so what you really need to be on the lookout for are the 1983 2p coins. The user added: "If it says New Pence on the reverse instead of the words Two Pence then you have found it."
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"If you are lucking enough to find a 1983 New Pence 2p in your change, then it is worth around £1,000. You are more likely to find the coin in the 1983 Royal Mint set though as this is where the mistake happened."
Collectors have unearthed coins that were once valued at around £400, and according to one enthusiast, they might fetch an even higher price today. A select few of these coins are highly sought after due to a wording error on them.
This mistake has rendered the affected coins extremely valuable, in stark contrast to the correct pre-1983 'New Pence' coins which are comparatively worth much less. The coin's rarity and value were highlighted in a TikTok post that quickly went viral, amassing hundreds of likes and comments.
One user exclaimed: "I have it," while another advised against a common numismatic faux pas: "Worst thing to do on a coin."
Echoing this sentiment, another commenter concurred: "Never clean coins."