Check those pockets! Rare £۲ coin valued at £۱,۰۰۰ found – is it in YOUR loose change?

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Check those pockets! Rare £۲ coin valued at £۱,۰۰۰ found – is it in YOUR loose change?

Check those pockets! Rare £۲ coin valued at £۱,۰۰۰ found – is it in YOUR loose change?
A RARE £۲ coin could be worth as much as £۱,۰۰۰ after a printing error led to its unusual appearance.
By Rebecca Flood
PUBLISHED: 07:06, Tue, Aug 1, 2017 | UPDATED: 08:12, Tue, Aug 1, 2017

۱

two-pound-coin-rareGETTY
The coin is thought to be among the rarest in the UK

The coin is thought to be among the rarest in the UK after experts confirmed they had never seen the printing quirk before.

Traditional £۲ coins are printed on two kinds of metal and feature two colours, a brassy outer ring and a silver-looking inner circle.

The metals used are in fact nickel brass and copper zinc.

The inner disc is made from 75 per cent copper zinc and 25 per cent nickel.
How much is your money worth?
Tue, July 25, 2017
New five pound notes could make you a whopping £۲۰,۰۰۰. This is what you should be looking out for in your wallet.

Play slideshow
A faulty £۱ coin which has the 2016 date on one side and 2017 in micro-inscriptions around the edge of the reverse is worth £۳,۰۰۰
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A faulty £۱ coin which has the 2016 date on one side and 2017 in micro-inscriptions around the edge of the reverse is worth £۳,۰۰۰

A faulty £۱ coin which has the 2016 date on one side and 2017 in micro-inscriptions around the edge of the reverse is worth £۳,۰۰۰
Five pound notes with low serial numbers, especially those beginning with AA01, can be worth over £۲۰۰
Jemima Puddleduck 50p coin
New pound coins with the 2017 date are likely to be sought after collectables
A full set of the old pound coins could be worth more than £۸۰
Portraits of Jane Austen on four of the new £۵ notes boosted their value to as much as £۵۰,۰۰۰
Five pound notes marked with AA02 can also fetch as much as £۲۰ on sites such as eBay

But an error at the Royal Mint has led to one being printed without the silver circle, meaning it is all one colour.

One shopper found the unusual looking coin in their change and they are now thought to be auctioning it alongside with a letter from the Royal Mint confirming the coin is a result of a genuine mistake.

The authentication letter says: “Spectrographic analysis has confirmed that the coin is struck from a nickel-brass blank consistent with what we would normally use on the outer section of the coin.

two-pound-coin-rareGETTY
The inner disc is made from 75 per cent copper zinc and 25 per cent nickel

“What therefore looks to have happened is that an unpierced blank has somehow been struck between two pound dies.”

The £۲ coin, named Standing on the Shoulders of Giants, is thought to be going under the hammer shortly by its owner, who wishes to remain anonymous.

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A spokesperson for GoCompare, which runs website Coining It In, told the Sun: “We have only come across four or five similar coins, none of which have been £۲ coins.

“There are very few coins to compare it with but as the coin has been authenticated by the Royal Mint it this makes this coin particularly interesting to collectors or error coin enthusiasts.”

two-pound-coin-rareGETTY
More than 10 million £۲ coins were put into circulation in 2007

We have only come across four or five similar coins

Coining It In

More than 10 million £۲ coins were put into circulation in 2007, including a series issued to commemorate the Olympic Games in 2012.

Other printing errors have also led to fat pay checks for their lucky owners, with a rare silver 2p estimated to be worth £۱,۳۵۰.

two-pound-coin-rareGETTY
One shopper found the unusual looking coin in their change
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£۲ coin valued at SIXTEEN times its original worth in circulation
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And last month a man found a new £۱ coin printed with two different dates, with that error valued at £۳,۰۰۰.

Despite the lucrative nature of coins, a popular collectors item, the Royal Mint will not value coins.
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But they will provide a letter of authenticity if the coin is a mistake, often adding to their value.

The Government-owner coin maker recently announced it may introduce a valuations service as part of its plan to expand into the collecting market.
Related articles

Rare new £۱ coin could bank you thousands of pounds
Rare £۱ coins which could earn you a small fortune
Beatrix Potter Jemima Puddleduck 50p coin worth £۴۰۰ on eBay

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۴ hours ago
Miserablereader
Coins are not “printed”. Why do you think it’s called the Royal Mint ?? How much is that error worth ?

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