Brits are being encouraged to rummage through their spare change for a rare 2p coin that could be worth a staggering £1,000. An expert revealed that this particular coin is highly sought-after, but there’s a catch – it must be from a specific year to hold such value.
The coin in question is a two pence piece from 1983, which uniquely bears the inscription “new pence” rather than “two pence” on its reverse side. This is a significant detail because when the 2p coin was first introduced during decimalisation in 1971, they were all inscribed with “new pence”.
In 1982, the Royal Mint updated the design to read “two pence”. However, a minting error in 1983 led to some coins being struck with the old “new pence” wording.
A prominent coin expert, known as the Coin Collector UK online, has been guiding people on what to look out for. He clarified: “Since my last video many people have claimed to have had this rare coin but let me clarify the date you want to find.”
He went on to say: “Right here I have four of the new pence 2p coins. So is this worth £4,000? Unfortunately not because all of these were minted in tens of millions as they are not the 1983 version.
“Loads of new pence ones were minted up until 1981 and the error version is only the 1983 one. This one was not meant to exist because they stopped being produced in 1981.”
He concluded by emphasising the rarity and value of the 1983 coin, while noting that other versions are common and only worth their face value of 2p, though they remain an interesting find as some of the earliest 2p coins.
Currently, collectors can snap up a 1983 2p coin as part of an uncirculated set from that year for a cool £1,250 courtesy of the Britannia Coin Company. The Royal Mint’s website notes: “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.”
It goes on to say: “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.”