Check your loose change for a £2 coin that could be worth more than £1000

A rare coins expert is urging Brits to check their loose change for a £2 coin that is fetching more than £1000 at auction.

A rare coins expert is urging Brits to check their loose change for a £2 coin that is fetching more than £1000 at auction.

The Lord Kitchener £2 coin was released in 2014 to mark a century since the start of World War One. However, according to Coincollectingwizard, an error made on a select batch has left some of them highly desirable to rare coin collectors due to their unique nature.

On Instagram, Coincollectingziard said: "Your £2 coin might be worth much more than you think. The Lord Kitchener £2 coin was released in 2014 to mark the centenary of World War One. But there's a rare error version that collectors are going crazy for.

"Normally, every £2 coin should have the words 'two pounds' on the adverse side of the coin underneath the portrait of Elizabeth II. But some Lord Kitchener coins were accidentally struck without these words.

"This mistake makes it super rare, and collectors are willing to pay big money for it. These error coins have been spotted selling for anywhere between £900 and £1000 and, in some cases, even more at auction.

"So how do you check? It's simple. Just flip your coin over and look at the Queen's side. If you see 'two pounds', it's the normal version. If those words are missing, congratulations. You might just have a jackpot coin. Go and check your change right now."

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Amazingly, according to the Royal Mint, it is not even the rarest of £2 coins. That title is held by the Commonwealth Games Northern Ireland 2002 £2 coin. There were 485,000 made, and is said to be a 'gem with collectors'.

"Featuring the Ulster Banner alongside a victorious figure, the coin holds a special place in the hearts of collectors and sporting enthusiasts. With a remarkably low mintage of 485,500, it is the rarest coin on our list," the Royal Mint says.

As of March 2014 there were an estimated 417 million £2 coins in circulation with an estimated face value of £834 million.