Rare 2p coins can be worth thousands if you find this specific kind

It's always crucial checking your collection to see what gems you have hidden. Without you even realising, you could be sitting on a fortune as certain rare coins can set you back a lot of money

A TikTok user has revealed which two pence coins can go for thousands of pounds if you find a specific kind. Coin Collecting Wizard shared the information with his 183,000 followers in a recent 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.

"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. 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 described the 2p coin and claimed you'll need to scoop the 1983 version.

He continued: "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."

If you manage to find this special coin, you could be quids in as the 1983 version is worth £1,000.

But remember, the 2p coin from 1971 isn't worth much.

Since the explanation was shared on TikTok, the video garnered 4,300 likes and 300 comments.

One asked: "2p is still 2p, why would anyone pay £1,000?"

While another added: "I have all."

Then a third commented: "I have one or two."

Someone else quipped: "I have this coin and I'm from Malaysia."