Rare 2p coin from the 1980s could be worth £1,000

This misprinted coin is worth a small fortune - but only if from a specific year.

A rare misprinted 2p coin from 1983 could be worth more than £1,000 - but only if it came from a specific batch of coins.

TikTok creator The Coin Collector UK is urging people to check their wallets and coin jars at home for the extremely valuable coin.

He revealed that the 2 pence coin was incorrectly printed with the words “new pence” instead of “two pence”.

In a video on the social media platform, the TikToker said: “Do you have the two pence worth £1,000?

“The 1983 new pence two pence is one of the rarest British error coins that sells for up to four figures.”

The error coins were actually part of a commemorative collection, rather than being placed into normal circulation.

The coin expert said: “In 1983 the Royal Mint accidentally minted two pence coins with ‘new pence’ on them in the 1983 year sets.

“This was a mistake and they should have said the words ‘two pence’.

“Like all errors the exact number minted is unknown, as they were not supposed to be produced in the first place.”

But it's important to note that this error is only found on coins from 1983.

He added: “Other years of the new pence two pence are very common and don't hold any collector's value.

“Billions of these went into circulation to celebrate the introduction of the new coin.”

Experts at Change Checker explained that the error came about after the UK switched to the decimal system.

The website said: “When the UK switched to decimal coinage in 1971, it was decided that the word ‘new’ would be included in the denomination on some of our coins to avoid confusion between the new decimal coinage and the old currency.

“By 1982 the coins were no longer new so the word was dropped, and the 2p design changed from ‘new pence’ to ‘two pence’.”

They added that the affected coins were issued as part of special souvenir sets that also did not enter general circulation.

They said: “If you’re lucky enough to find a 1983 ‘new pence’ 2p in your change, not only does the rarity of this coin make it more collectable, but the coin was also struck in uncirculated quality – meaning it won’t have the scratches and blemishes of circulation coins.

“The individual 1983 2p coin has been known to sell for between £500 – £700, however the 1983 coin sets have been known to sell for over £1,000 on the secondary market!”