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The rare Royal Mint 2p coin worth £1,000 that is 'rising in value'
A small number of 1983 coins were struck with the old wording after the design change, making them rare and valuable to collectors.
TikTok user CoinCollectingWizard recently identified a rare 1983 2p coin featuring a "New Pence" inscription error, noting it may fetch around £1,000.
Although the Royal Mint transitioned from "New Pence" to "Two Pence" in 1982, a small number of 1983 coins were struck with the outdated inscription, creating the rare version.
You are more likely to find this error coin in the 1983 Royal Mint set rather than in general circulation, making it the primary source for identifying these valuable pieces.
Coin value depends on condition and sale method; while collectors may bid significant amounts on auction sites, some owners prefer selling through professional coin dealers.
British coin collecting remains popular, with the 50 pence piece becoming the most valued coin over the past 50 years; rarity and mintage numbers drive collector interest.