The humble 2p coin, often ignored in your pocket change, can sometimes be worth a small fortune. Since the UK switched to decimal currency in 1971, certain 2p coins have become highly sought after by collectors due to rare errors or limited releases. Let’s dive into the top 10 rare UK 2p coins that could fetch you a lot of money, with a special focus on the “New Pence” varieties that have sparked excitement among coin enthusiasts.
The 1983 New Pence Error Coin
The star of rare 2p coins is the 1983 “New Pence” error coin. When the UK introduced decimal coins in 1971, 2p coins were marked “New Pence” to distinguish them from old currency. By 1982, the inscription changed to “Two Pence,” but a small batch of 1983 coins was mistakenly minted with “New Pence.” These error coins, often found in special Royal Mint sets, are incredibly rare and can be worth around £1,000 to collectors, making them a top prize for coin hunters.
The 1971 New Pence Coin Myth
Many people believe the 1971 “New Pence” 2p coin is rare because it was the first year of decimalization. However, with over 1.4 billion minted, it’s far from scarce. In good condition, these coins might fetch £2 to £4, but their value lies more in their historical significance than rarity. Don’t be fooled by exaggerated eBay listings claiming thousands; always verify with a coin dealer to avoid scams.
Silver and Copper-less Error Coins
Some 2p coins stand out due to minting errors in their metal composition. A rare 2016 silver 2p, accidentally made without its copper plating, sold for over £40 recently. Similarly, a copper-less 2p, minted in nickel-plated steel instead of copper-plated steel, can fetch upwards of £400 at auction. These errors are hard to spot, so check your coins for unusual colors or magnetic properties, as copper-plated steel 2p coins are magnetic.
Other Notable Rare 2p Coins
Several other 2p coins are worth checking for. The 1998 bronze 2p, made before the switch to copper-plated steel, can be valued at around £46 in top condition. Coins from 1972 to 1974, only released in proof sets, are also collectible due to their low mintage, with values around £50 to £100 for pristine examples. Always look for coins in excellent condition, as wear can significantly reduce their worth.
| Year | Variety | Estimated Value (£) |
|---|---|---|
| 1983 | New Pence Error | ~1,000 |
| 2016 | Silver Error | ~40+ |
| 1998 | Bronze | ~46 |
| 1972-74 | Proof Set | ~50-100 |
Tips for Coin Collectors
If you think you’ve found a rare 2p, get it verified by a reputable coin dealer or contact the Royal Mint to confirm its authenticity. Avoid falling for inflated online prices, as many listings exaggerate values to lure buyers. Store your coins carefully to maintain their condition, and consider joining a local numismatic society to learn more about collecting. With patience and a keen eye, your loose change could turn into a tidy profit.
FAQs
Are all “New Pence” 2p coins rare?
No, only the 1983 “New Pence” error coins are rare. Coins from 1971 to 1981 with “New Pence” are common, with high mintage numbers.
How can I tell if my 2p coin is valuable?
Check the year, inscription, and metal. The 1983 “New Pence” error or unusual metal compositions, like silver or nickel-plated steel, are key indicators. Consult a coin dealer for an accurate valuation.
Where can I sell a rare 2p coin?
You can sell through reputable auction houses, coin dealers, or trusted platforms like eBay, but always get the coin verified first to ensure it’s genuine.