I’m a coin expert – exact date to spot on rare 2p worth up to £1,000
A COIN expert has shared the exact date to look out for on a rare 2p coin that is worth up to £1,000.
TikTok account @thecoincollectorUK shared a video encouraging viewers to look down sofas for any 2p coins they have lying about.
That’s because there’s a particular two pence that could be worth quite a bit of cash.
The video said: “The 1983 version is the one to look out for, it was only in some collector packs and is worth up to £1,000.”
Thie particular 2p coin was made between 1971 and 1981 – these coins had “new pence” engraved on them.
From 1981, this was changed to “two pence” but because of a printing mistake, some 2p coins from 1983 still have “new pence” on the reverse side.
So you’ll need to look out for a coin from 1983 that says “new pence” – other coins won’t be worth anything.
According to Change Checker, this 2p has been sold from anywhere between £500 and £700, though some lucky people have sold it for £1,000.
At the time of writing, we saw on that had sold on eBay for £540.
If you can’t find this particular 2p coin, we’ve got the ten most in demand coins and notes right now which could be worth up to £388.
How do I check if my coin is rare?
Rare coins and valuable notes can be worth tens of thousands of times their face value.
But sometimes it’s just tiny differences which make them so lucrative.
The most valuable coins tend to be ones with low mintage numbers or an error.
Those qualities typically make them valuable to collectors.
Your next step would be to check if your coin is still available to purchase in superior Brilliant Uncirculated quality from an official Royal Mint distributor, according to Change Checker.
Certified Brilliant Uncirculated coins have been specially struck to a superior unblemished quality which set them apart from the coins you may find in pockets.
Selling a coin at auction or through a dealer
There are many different factors to consider when trying to value a coin, including its condition and mintage, so it’s important to do your homework first.
If you’ve got a coin that you would like to sell at auction, you can contact The Royal Mint’s Collectors Service.
It has a team of experts who can help you to authenticate and value your coin.
You’ll need to enquire via email, and a member of the valuation team will contact get back to you.
Take a picture of your coin and attach this to the email – you can find the details on The Royal Mint’s website.
Be aware that you will be charged for this service though – the cost will vary depending on the size of your collection.
If you are looking to buy a coin online through a marketplace such as eBay, it’s important to know exactly what you are purchasing.
This is because anyone can list a coin on eBay and charge whatever amount they wish.
You should also be wary of fakes online – and keep in mind that on eBay a buyer could pull out, which means the coin won’t have sold for the price it says it has.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
You can also join our new Sun Money Facebook group to share stories and tips and engage with the consumer team and other group members.