Is a 1971 2p coin worth anything?

Unfortunately for all those who have contacted us asking whether their stack of 2p coins dating from 1971 to 1981 are worth hundreds of pounds, the answer is no. The Royal Mint explains: ‘To avoid confusion between the old and new coinage all three coins had the word ‘NEW’ incorporated into the reverse design.

How much is the 1971 New pence worth?

Produced between 1971 and 1981, the coins features the words ‘new pence’, which was used on all of the two pennies pieces until ‘two pence’ was introduced in 1982. One coin, dated from the initial release date in 1971, is currently on the site for £14,000, and is described as ‘extremely rare’.

What is the value of 2 pence coin?

The British decimal two pence (2p) coin – often informally pronounced two pee – is a unit of currency equalling 2/100ths of a pound sterling.

Why is a 1971 2p coin valuable?

All 2p coins struck between 1971 and 1981 had the words “new pence” on the reverse side of the coin, according to the Royal Mint. After that, the wording was changed to “two pence”. It’s made these coins extremely valuable for collectors.

What makes a 1971 2p coin so rare?

A person can ASK whatever he wants on Ebay, but what they actually SELL for is the believabilty factor. While 2p coins are not uncommon, what makes this specific coin popular is the unique wording on it. Rather than “two pence”, the coin says “new pence” on it – as all coins produced between 1971 and 1981 did.

What was the value of 1 pound in 1971?

“Decimal Day” is the name that was given to 15 February 1971 in the United Kingdom. It was the day that the UK converted to a decimal-based system of currency from the old pound-shilling-pence system. In the old system, 1 pound = 240 pence.

What’s the value of a 2p coin on eBay?

We’ve rounded up the ones to look out for in your wallet. One eBay seller recently sold a rare silver 2p coin for £56 on the auction website. Two pence coins are normally copper so it appears to be an error coin.

Which is the rarest 2p coin in the world?

But there are some error coins which have mistakes on them that make them rarer and more valuable for coin collectors. Some of the rarest 2p coins are a small batch from 1983 which were accidentally minted with the words “new pence” on them instead of “two pence”, according to the Royal Mint.