Rare 2p coin could be worth £1,000 - but it has to be the right date and wording

TikTok user @CoinCollectingWizard has revealed certain 2p coins could rake in a grand.

Coin collectors, it's time to scour your spare change because a lucky find could make you a grand richer.

TikTok user @CoinCollectingWizard has dropped a bombshell to his 183,000 followers, revealing that certain 2p coins could be worth a small fortune.

In his latest viral video, he said: "£1,000 if your 2p says New Pence. There are so many news articles and eBay listings of people trying to sell the 1971 New Pence Two Pence coin for thousands."

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But before you get too excited, it's not all 2p coins that will have you laughing all the way to the bank. He explained: "The problem is this coin is just 2p, the only 2p coin that has a value of around £1,000 is the 1983 New Pence Two Pence coin."

The user added: "Here is what you need to look for and where you need to pay attention as I get thousands of comments asking about this."

He then zeroes in on the 1983 coin as the one to watch. He revealed: "So now we know 1971 is just 2p, let's talk about the rare one.

"The 1983 New Pence coin was a mistake in Royal Mint coin packs when they changed the wording from New Pence to Two Pence.

"If you find a 2p coin, then check it first of all for the words New Pence. If it says New Pence, then check it for the date of 1983."

Bag yourself a rare 1983 2p coin and you could be rich, with it being valued at a cool £1,000. Just don't get too excited about the 1971 version as it's not worth much more than face value.

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The TikTok revelation has gone viral, racking up 4,300 likes and 300 comments. One baffled user asked: "2p is still 2p, why would anyone pay £1,000?" Another boasted: "I have all."

A third chimed in: "I have one or two." And a fourth joked: "I have this coin and I'm from Malaysia."