The value of a 1971 New Pence 2p coin can vary depending on its condition and rarity.
- Face Value: A standard 1971 New Pence 2p coin is still legal tender in the UK and is worth its face value, 2 pence. This is equivalent to approximately $0.027 USD.
- Collector’s Value: While a common circulated 1971 2p coin typically holds little value beyond its face value, certain factors can increase its desirability among collectors, including:
– Uncirculated Condition: Coins in pristine, uncirculated condition, with their original luster and no signs of wear, may fetch a higher price from collectors.
– Minting Errors: Rare minting errors, such as a double-struck image or an off-center strike, can significantly increase a coin’s value.
– Proof Coins: Some 1971 2p coins were produced as “proof” coins, which are specially struck with a higher quality finish and intended for collectors. These proof coins are more valuable than their circulating counterparts.
- “New Pence” vs. “Two Pence” Design Error: All 2p coins issued between 1971 and 1981 were marked “NEW PENCE.” However, in 1983, a small number of 2p coins were mistakenly struck with the wording “NEW PENCE” instead of “TWO PENCE.” These error coins are rare and are considered highly valuable by collectors.
Therefore, while a regular 1971 2p coin might be worth just its face value in circulation, those with errors or in exceptional condition can command a higher price among numismatists. If you believe your coin may have a special value, it’s recommended to consult with a reputable coin dealer or expert for an appraisal.
Is a 1971 New Pence 2p rare?
Thanks for asking. Don’t worry though this one is 1971 and not the rare date. “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.”
What is the error on a 1971 New Pence 2p coin?
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.
How much is the new pence 2p worth?
“”If it says New Pence on the reverse instead of the words Two Pence then you have found it.,” they explained. “If you are lucking enough to find a 1983 New Pence 2p in your change, then it is worth around £1,000.