Is Your Tuppence Worth A Fortune?

The rare New Pence 2p coin is now worth a fortune due to a miniscule error.

11:29 22 December 2016

A valuable two pence piece has just sold on eBay for £100 because of an error during production. The ‘1983 New Pence 2p coin’ can be worth up to thousands of pounds according to GoCompare.com.

 

What’s the miniscule error that makes the New Pence 2p more valuable? All 2p coins minted before 1982 say ‘new pence’ while those stamped after that date should say ‘two pence.’ However, an error during production has resulted in a number of 2p coins from 1983 that still show ‘new pence’.

 

Coins expert Philip Mussell, the director of Coin News, explained how some coins could cost a fortune. There are few different ways this happens, he explains.

 

"One is when a mistake is made by the Royal Mint, like a 20p without a date, for example, or a 1983 2p coin accidentally printed with the old wording 'New Pence'. Mistakes are eminently collectable.

 

"Other collectibles are redesigns or limited edition releases. For example, an Olympic 50p with a swimmer was recently re-released.

 

"The first minting had a swimmer with waves obscuring her face but the designer didn’t want that, so they unobscured her face and made it clear of wavy lines. That’s now quite collectable."