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This 2p coin could be worth over 1,000 if it has two words

An expert has urged people to keep an eye out for the valuable 2p coins

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An expert explained that a certain 2p coin could be worth more than 1,000(Image: Getty)

A specialist has advised people to watch for two particular words on a 2p coin that could render it worth a considerable sum of money. This piece from 1983 could command more than 1,000 when sold to a collector.

These coins are especially valuable because of a mistake made by the Royal Mint during production. They wrongly display the words "new pence" rather than "two pence".

This occurred because all 2p coins minted between 1971 and 1981 carried the label "new pence". Whilst this was subsequently altered to "two pence" in 1982, some were produced incorrectly.

In a video shared on social media platform TikTok, a specialist known online as the Coin Collecting Wizard outlined the details. He said: "This coin is worth over one thousand pounds.

"In 1983 the Royal Mint accidentally minted the two pence coin with 'new pence' instead of 'two pence'. Do you own this coin?

"A 1983 two pence coin with the words 'new pence' on the reverse. If so you have found the rare valuable error worth over 1,000.

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This coin needs to feature an error on the reverse side to be valuable(Image: Getty)

"Make sure to check any 1983 Royal Mint sets for this two pence coin." He continued: "Just remember you want the 1983 coin two pence 'new pence', like this.

"And you can easily sell this to a coin collector for over 1,000. This is only going to go up in value. So, get checking and comment below if you need my help."

As reported by The Mirror, the Royal Mint said on its website: "In 1983 a small number of 2p coins were mistakenly struck with the wording 'new pence' on the reverse. These coins were produced to brilliant uncirculated quality - a standard higher than ordinary circulating coins - and were included in special sets intended for collectors.

"Since there are relatively few coins with the date 1983 and the inscription 'new pence' in circulation, they may well have a value higher than face value to a collector. The Royal Mint is, however, unable to comment on the value of any individual coin and we would recommend that you should consult a coin dealer."

At the time of writing, one such coin was listed on eBay for a staggering 2,499.95.

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