Generally, the value of a 2 pence coin is two pence , or £0.02. However, some rare or error 2p coins can be worth significantly more to collectors.
Here are the key points to consider:
- Circulation coins: Most 2p coins you encounter in circulation are only worth their face value, £0.02.
- Error coins: Certain errors can significantly increase a coin’s value. The most well-known examples are:
– 1983 “New Pence” 2p: A small number of 2p coins minted in 1983 mistakenly featured the older “New Pence” inscription instead of “Two Pence”. These coins were part of special sets for collectors and can be worth a significant amount, potentially ranging from £1,000 to £2,100, depending on the condition.
– Silver 2p: Some 2p coins were accidentally minted on 10p silver blanks. These are rare and can fetch between £400 and £900.
- Condition: Even for rare coins, the condition significantly impacts the value. Uncirculated coins in pristine condition are typically worth more than those showing wear and tear.
- Other factors: Other rare dates and special editions can also be sought after by collectors, such as 1971 New Pence coins, particularly in pristine condition. [According to eBay] , a 1971 2p New Two Pence Coin (EXTREMELY RARE) can be purchased for 29999USD. [Mercari says] that a Rare EXTREMELY 1971 New Pence 2p Coin costs around 850USD.
In summary, while most 2 pence coins are only worth their face value, it’s worth checking for the “New Pence” error on 1983 coins or for other anomalies if you’re interested in potential collector’s value.
Are any 2 pence coins valuable?
Great question! 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.
What makes a 1971 2p coin rare?
From my experience, Error silver 2p coins from 1971 are regularly sold on eBay, and can often fetch you a tidy sum. Like the ones from 2016, these are coins that should be copper but don’t have the right plating on them. One previously sold for £40 on eBay and in 2019, another sold for £40 after 11 bids from collectors.
Is 2 pence 2 pennies?
Great question! The value of a two-pence coin is not related to its size, shape, colour or quantity. A two-pence coin has a value of two pence or 2 p. The value of a two-pence coin is equal to the value of two one-pence coins. We can represent a two-pence coin as a two-spot token.