Rare 2p coin with certain date is worth £1,000 - check yours now
You could be sitting on a small fortune if you own one particular rare coin. In recent months, some collectors have been told their coins are worth huge amounts.
According to one TikTok user, one 2p coin could be worth £1,000. User @CoinCollectingWizard - who has more than 198,000 followers - shared tips on how to work out if you have the special coin.
Coins with the words 'New Pence' could be worth more than you think. They said: "Did you know about the New Pence 2p coin worth £1,000?"
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The TikToker continued: "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." It meant that some coins were struck with the old inscription 'New Pence'.
They added: "If it says New Pence on the reverse instead of the words Two Pence then you have found it. If you are lucky 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." The 1983 2p coins have since been found by collectors and were worth about £400.
But they could now have a higher value, the Tiktoker said. The Royal Mint said that a 'small number' of 2p coins were 'mistakenly struck' with the words 'New Pence' on the back.
It said: "All 2p coins struck between 1971 and 1981 included the words 'NEW PENCE' as part of their reverse. In 1982 and in subsequent years the words 'NEW PENCE' were replaced with the word 'TWO PENCE'.
"However, 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.
"It should be possible for you to locate a coin dealer by contacting the British Numismatic Trade Association. You can visit their website at www.bnta.net "