People Urged to Scrutinize Change: It Could Be Worth Up to £1,000!

A specialist has recommended that individuals flip through their 2p coins in search of a rare inscription. Uncovering one of these distinctive coins might allow them to sell it for an impressive sum exceeding £1,000.

These specific coins are much sought after because of a mistake made by the Royal Mint during their production. Struck in 1983, they erroneously include the phrase "new pence" rather than "two pence."

Initially, every 2p coin produced between 1971 and 1981 featured the phrase "new pence." However, starting in 1982, this wording was updated to read "two pence," though inadvertently, some pieces were still struck with the previous designation.

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A specialist referred to as the Coin Collecting Wizard He shared his expertise on TikTok, stating, "This is the one you're looking for." He advised that if you come across this coin in your spare change, it’s advisable not to use it.

"If you ever come across a 2p coin from 1983 with 'new pence' on it instead of 'two pence', don't spend it - you could be holding a rare minting error worth thousands of pounds," he said. "In 1983, the Royal Mint officially changed the wording from 'new pence' to 'two pence' - but a few coins slipped through the net with the old wording."

Described as a major discovery for collectors, he remarked, “These were never intended for general release, hence securing one represents a considerable achievement for any collector.” Additionally, to avoid potential mishaps, he proposed a practical measure.

The specialist concluded with one last key piece of advice: "Key tip: Turn over your 1983 2p pieces and examine the inscription. Should it read ‘new pence’, consider yourself lucky as you’ve found something valuable!" According to experts from Change Checker who shared this information on TikTok, these coins could be worth up to approximately £1,000 each.

They clarified: "In 1982, the design of the 2p coin was altered from stating 'new pence' to reading 'two pence.' Nevertheless, some pieces minted in 1983 employed the previous reverse die and thus retained the older wording of 'new pence.' Therefore, inspect your two-pence coins dated 1983 since they might be worth up to £1,000."

The Royal Mint's website states: "In 1983, a limited number of 2p coins were inadvertently minted with the inscription 'new pence' on their back side. These pieces were crafted to a brilliant uncirculated condition—a grade surpassing regular circulation currency—and were part of exclusive collections aimed at numismatists."

As there are only a limited number of coins from 1983 bearing the "new pence" inscription in general circulation, these could potentially hold greater value than their face value for collectors. Nonetheless, The Royal Mint does not offer appraisals for single coins and recommends contacting a coin dealer for valuation inquiries.

At the time this article was written, one such coin was up for sale on eBay with an asking price of £2,499.95.