Rare 2p coin mistake could make you £1,000 richer – here's what to look for

The 1983 New Pence 2p coin is highly collectable due to a production mistake and could be worth a small fortune for those who have the rare piece in their stash

You could be rich without knowing it – if you have this rare coin in your stash!

It's no secret special coins have been an hot topic on social media. Just recently, we saw a rare penny scoop a mega £127,000 jackpot after selling at auction. The George 5th penny from 1933 is incredibly scarce as there's few out there.

Now TikTok user @CoinCollectingWizard turned everyone's attention to a 2p coin which features a unique error. The poster boasts a massive following of nearly 200,000 fans where he shares his money knowledge.

And in a recent video, he discussed the New Pence Two Pence coin which can be worth £1,000. Speaking about the coin while cleaning it, he said: "Don't worry though this one is 1971 and not the rare date."

He continued: "Want to know what rare New Pence coins to look out for, keep watching. After the design changed from New Pence to Two Pence in 1982, a mistake was made during production of a small number of 1983 coins."

The user highlighted a production error in 1983 when some 2p coins were mistakenly stamped with 'New Pence' instead of 'Two Pence'. He explained: "If it says New Pence on the reverse instead of the words Two Pence then you have found it."

He concluded with a valuable tip for treasure hunters: "If you are lucking enough to find a 1983 New Pence 2p in your change, then it is worth around £1,000. You are more likely to find the coin in the 1983 Royal Mint set though as this is where the mistake happened."

The specific error piece has been causing quite the stir, with its value potentially exceeding £400. The coin in question became a much-sought-after item after a select few were found to have a mistake in the wording.

These rare and blundered coins are now highly prized among collectors, standing out for their worth when compared to the common pre-1983 New Pence pieces that fetch far less. The TikTok community has been buzzing since the coin's details were shared on the platform, racking up numerous likes and comments.

Comments from users included revelations such as: "I have it," as well as words of advice like: "Worst thing to do on a coin." Another commentator concurred, emphasising: "Never clean coins."

Story SavedYou can find this story in  My Bookmarks.Or by navigating to the user icon in the top right.