A two pence coin minted in 1983, which contains an error on one side, is now worth a small fortune due to its rarity. Despite the increasing shift towards digital payments and online banking in the UK and globally over the past decade, there are still benefits to using physical cash.
Notably, it can aid in budgeting, particularly as the cost of living continues to rise with inflation. Using cash can help prevent overspending or impulse buying, as you’re more aware of your spending when you physically hand over money.
However, another reason to keep hold of those seemingly worthless coins is their potential value. One coin collector has highlighted a specific coin that could be worth a staggering £1,000, urging his followers to keep an eye out for it.
DansDollars, a TikTok user, has shared a fascinating insight into the value of a seemingly ordinary two pence coin from 1980. He explained on his page: “This is the 1980 two ‘new pence’ coin first released into circulation in 1971,” and went on to detail: “The two ‘new pence’ design stayed on coinage until 1982, well supposedly.”
Showing off the coin, he pointed out the portrait of Queen Elizabeth II and the Latin inscription which means ‘by the grace of God, Queen, Defender of the Faith’, alongside the year 1980, reports the Mirror.
On the reverse, he displayed the feathers from the Prince of Wales’s badge. Despite its detailed design, he revealed that this particular coin is only worth its face value of two pence.
But there’s a twist, as he highlighted: “In 1983 the two ‘new pence’ changed to the two pence,” while showing a different coin. He clarified: “The first batch of the 1983 coins didn’t feature two pence the new design, they still by accident featured the old one [which he held up first].”
DansDollars then excitedly announced: “So if you’ve got a 1983 two ‘new pence’ coin at home, your coin is an error coin and it’s worth £1,000 – yes you heard that correctly,” before asking followers to check their change for this rare find.