Brits across the UK are being encouraged to rummage through their loose change in search of a rare 20p coin that could potentially fetch them a tidy sum of £1,000. The quest for valuable coins has been gaining momentum on social media platforms, highlighted by the recent excitement surrounding a 1933 George V penny that fetched an eye-watering £127,000 at auction. This particular penny is an extreme rarity, with just a few known to be in existence.
On TikTok, @CoinCollectingWizard, a prominent figure in the numismatic community boasting nearly 200,000 followers, has been creating a buzz with his latest revelations. In a recent video, the coin expert showcased a specific 2p coin notorious for its unusual minting error, potentially worth up to £1,000. Demonstrating the coin in question, he clarifies, “Don’t fret, this one is from 1971, not the rare date.”
The expert goes on to educate viewers, “Curious about which rare New Pence coins to be on the lookout for? Keep watching. Following the switch from ‘New Pence’ to ‘Two Pence’ in 1982, a production error occurred with a small batch of 1983 coins.” He elaborates that after the transition in inscription from ‘New Pence’ to ‘Two Pence’ in 1982, a handful of 1983 coins were mistakenly struck with the outdated term.
This peculiar find was brought to light as he elaborated: “If the coin reads ‘New Pence’ instead of ‘Two Pence’ on the reverse side, then you’ve struck gold.” The TikTok guru also offers a piece of valuable advice for aspiring treasure hunters: “Should you come across a 1983 New Pence 2p coin in your possession, it could be valued at around £1,000. However, you’re more likely to stumble upon this coin in the 1983 Royal Mint set, where the error occurred.”
This error coin has ignited excitement among collectors, with potential values exceeding £400 due to the unique minting mishap on its inscription. This atypical and erroneous piece has become highly sought-after by numismatists, setting it apart significantly in value from standard pre-1983 ‘New Pence’ coins that command considerably less. The revelation of this distinctive error coin has sparked a flurry of interest within the TikTok community, garnering numerous likes and comments from enthused users.
Some individuals enthusiastically shared, “I have it,” while others offered warnings such as, “Cleaning coins is the worst thing you can do.” Echoing this sentiment, another user stressed, “Never clean coins.” Coin enthusiasts and collectors have been urged to keep a keen eye out for this valuable 20p coin, as it could potentially turn up in unexpected places, ready to reward those lucky enough to discover it.