A rare 2p coin with a Royal Mint error could be worth up to £1,000
A normal-looking 2p coin from 1983 could fetch up to £1,000, an expert has revealed. The key to its value lies in two specific words that make it especially sought-after by collectors.
These particular coins command such high prices because of an error made by the Royal Mint during production. They mistakenly feature the inscription “new pence” rather than “two pence”. The error stems from the fact that all 2p pieces minted from 1971 to 1981 carried the “new pence” designation. Whilst this wording was officially changed to “two pence” in 1982, a batch was struck incorrectly the following year.
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 explains 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 up for listed on eBay for £1,650.
