The value of a 1971 2 New Pence coin depends on several factors, primarily its condition and whether it’s a standard circulation coin or a proof issue.
- Value: Generally, a 1971 2 New Pence coin in circulated condition is only worth its face value, which is 2 pence. In terms of US dollars, this would be roughly 2.5 cents.
- Mintage: Over 1.4 billion of these coins were minted in 1971 for decimalization, making them very common and not particularly rare.
- “New Pence” Inscription: All 2p coins minted between 1971 and 1981 included the words “NEW PENCE”. This is not an error and does not make the coin valuable.
- Value: 1971 proof 2 New Pence coins, minted for collectors, are rarer and can fetch higher prices. For example, a proof version in perfect condition can sell for hundreds of dollars.
- Mintage: Only 350,000 proof coins were minted in 1971.
- Condition: Coins in uncirculated or near-perfect condition will be worth more than those showing wear and tear.
- Minting Errors: Coins with rare minting errors, such as double strikes or inverted reverses, can be worth significantly more.
- NGC Price Guide: You can consult the [NGC price guide] for an estimated value based on the coin’s condition.
- Heritage Auctions: Heritage Auctions’ past sales data can also provide an indication of real auction prices.
In conclusion, while a standard 1971 2 New Pence coin is likely only worth its face value, a proof version or one with a rare minting error could be considerably more valuable to 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.
What is a British 2 pence 1971?
The United Kingdom 2p coin was introduced on 15th February 1971, with the creation of a new decimal currency system. The other two coins issued at this time were the 1/2p and 1p coins. To avoid confusion between the old and new coinage, all three coins had the word ‘NEW’ incorporated into the reverse design.