Rare £2 error coin that could be worth up to £1,000 – how to spot in your change
A RARE £2 coin could fetch a staggering £1,000 if you spot a tiny but crucial mistake.
A coin expert has revealed the exact detail to look for to determine whether your coin could be worth a fortune.
A coin expert has revealed the exact words to spot on £2 coins that couple multiply their value
The Lord Kitchener 2014 £2 coin could be worth up to £1,000
Because there are so few of them, coins with minting errors can be worth multiple times their face value.
The scarcity of them means coin collectors are willing to fork out hundreds or even thousands of pounds to get their hands on one.
A TikTok expert, known as @thecoincollectingwizard, has revealed exactly what to check for when looking through your change.
He explained: “Your £2 coin might be worth a lot more than you think. Let me show you why.”
“This is the Lord Kitchener £2 coin from 2014, and there’s a rare error version that collectors are going crazy for.”
Normally, every £2 coin has the words “TWO POUNDS” on the obverse side beneath the portrait of Queen Elizabeth II.
But due to a rare minting error, some of these coins were accidentally struck without the denomination.
The expert said: “If you see ‘TWO POUNDS’ on the Queen‘s side, it’s the normal version. If those words are missing, congratulations, you might just have a jackpot coin.”
Collectors are desperate to get their hands on a rare version of the 2014 Lord Kitchener £2 coin, which was released to commemorate the centenary of World War I.
These rare error coins have reportedly sold for between £900 and £1,000, with some fetching even higher prices at auction.
It’s unclear exactly how many of these mistake coins exist, but with collectors willing to shell out huge sums for them, it’s worth checking your spare change.
How to check if a coin is rare
A coin’s rarity is usually determined by its mintage figure, which is set by The Royal Mint.
The fewer coins that were produced, the rarer and more valuable they tend to be.
You can check the mintage of your coin on The Royal Mint’s official website.
Change Checker also advises checking whether the coin is available in Brilliant Uncirculated quality, as this may affect its value.
Minting errors, like the missing text on the Lord Kitchener £2 coin, can make a piece significantly more valuable.
If you want to find out if your coin was made incorrectly, you can check out our list of rare coins here.
How to sell a rare coin
If you think you’ve found one of these rare coins, there are several ways to sell it.
Auction sites like eBay can be a good option.
To get an idea of what your coin might be worth, you can check recent sale prices.
But take into account that if you manage to sell your item then eBay will charge you 10% of the money you made – this includes postage and packaging.
You can also sell via Facebook groups, but be cautious of scammers who may try to trick sellers into handing over their coin without payment.
There are a number of scams targeting sellers on Facebook.
In some cases, scammers will claim they’re planning to buy the item, and ask for money upfront for a courier they’ll be sending around.
But it’s all a trap to get you to send free cash to them – and they never have any intention of picking your item up.
How to spot valuable items
COMMENTS by Consumer Editor, Alice Grahns:
It’s easy to check if items in your attic are valuable.
As a first step, go on eBay to check what other similar pieces, if not the same, have sold for recently.
Simply search for your item, filter by “sold listings” and toggle by the highest value.
This will give you an idea of how much others are willing to pay for it.
The method can be used for everything ranging from rare coins and notes to stamps, old toys, books and vinyl records – just to mention a few examples.
For coins, online tools from change experts like Coin Hunter are also helpful to see how much it could be worth.
Plus, you can refer to Change Checker’s latest scarcity index update to see which coins are topping the charts.
For especially valuable items, you may want to enlist the help of experts or auction houses.
Do your research first though and be aware of any fees for evaluating your stuff.
As a rule of thumb, rarity and condition are key factors in determining the value of any item.
You’re never guaranteed to make a mint, however.
It’s always best to meet in person in a public, well-lit area when buying or selling on Facebook Marketplace.
Most sellers prefer to deal with cash directly when meeting to ensure it’s legitimate.
Avoid payment links and log in directly through the payment method’s website.
For a safer and more reliable sale, you can contact The Royal Mint’s Collectors Service, where experts can authenticate and value your coin.
You can get in touch via email and a member of the valuation team will get back to you.
You will be charged for the service though – the cost varies depending on the size of your collection.
If you’ve got one of these rare £2 coins, you could be sitting on a small fortune – so check your change now.
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