Rare 2p coin with ‘mistake’ could be worth a fortune

Coin enthusiasts are being urged to rummage through their loose change as they could be sitting on a small fortune.

Some rare coins, such as the coveted Kew Gardens 50p or an elusive Churchill coin valued at £60,000, can fetch a hefty sum.

A TikTok user known as @CoinCollectingWizard recently shared with his 183,000 followers that certain two pence pieces could be worth a staggering £1,000.

In his latest video, he explained: “£1,000 if your 2p says New Pence. There are so many news articles and eBay listings of people trying to sell the 1971 New Pence Two Pence coin for thousands.

“The problem is this coin is just 2p, the only 2p coin that has a value of around £1,000 is the 1983 New Pence Two Pence coin. Here is what you need to look for and where you need to pay attention as I get thousands of comments asking about this.”

He then goes onto detail the specifics of the valuable 1983 coin.

The coin collector further advised: “So now we know 1971 is just 2p, let’s talk about the rare one. The 1983 New Pence coin was a mistake in Royal Mint coin packs when they changed the wording from New Pence to Two Pence.

“If you find a 2p coin, then check it first of all for the words New Pence. If it says New Pence, then check it for the date of 1983.”

Coin collectors are on high alert after the TikTok video went viral, revealing a rare 1983 2p coin could fetch a staggering £1,000. However, don’t get too excited about any old 2p pieces – the ones from 1971 aren’t worth much more than face value.

The clip has already racked up 4,300 likes and 300 comments, sparking a frenzy among hopeful treasure hunters.

One puzzled user questioned: “2p is still 2p, why would anyone pay £1,000?” Another boasted: “I have all.”

A third shared: “I have one or two.”

Meanwhile, an international viewer joked: “I have this coin and I’m from Malaysia.”