The value of a 1971 “New Pence” 2p coin depends on its condition and any potential errors.
- Standard Circulation Coins: A standard 1971 “New Pence” 2p coin in good circulated condition is typically worth between $1 and $10.
- Proof Coins: Proof versions of the 1971 2p coin, particularly in perfect condition, can reach values of hundreds of dollars.
- Error Coins: Coins with rare minting errors or variations could be significantly more valuable. One notable error is a small number of 1983 coins struck with the wording “New Pence” instead of “Two Pence”, which were produced for collector sets and can command higher prices.
It is important to note that many online listings may have inflated prices. To determine a realistic value, it is recommended to:
- Check sold listings on platforms like eBay, rather than just asking prices.
- Consult reputable coin auction houses and grading services for professional evaluations.
Therefore, while a typical 1971 “New Pence” 2p coin holds modest value, certain conditions and errors can make it a worthwhile piece for collectors.
What makes a 1971 2p coin rare?
All 2p coins struck between 1971 and 1981 included the words ‘NEW PENCE’ as part of their reverse. In 1982 and in subsequent years the words ‘NEW PENCE’ were replaced with the word ‘TWO PENCE’. However, in 1983 a small number of 2p coins were mistakenly struck with the wording ‘NEW PENCE’ on the reverse.
Why is the 1971 New Penny so rare?
Thanks for asking. And a beautiful depiction of a crowned port cullis on the reverse. Initially over a billion of these coins were minted. But certain variations have made a handful of them exceptionally rare.
Are coins from 1971 rare?
From my experience, 1971 saw the production of more than 4 million proof silver dollars in San Francisco. Therefore, even though less than the standard silver dollar mintage, they are not exceptionally rare. Because of their nature, proofs are also simpler to locate at higher stages.
What is the composition of the 1971 2 NEW PENCE?
This 1971 2 New Pence Coin features the portrait of Elizabeth II on one side and the denomination on the other. It is a rare first edition release and has been circulated, adding to its historical value. The coin is composed of bronze and has a KM number of 916.