SPOTTING a subtle detail on a £2 coin could earn you as much as £1000 at an auction house.
Some of the with the particular feature have been known to sell for even more – you just need to know what to look for.
If you've got some £2 coins floating around your wallet, it's worth checking the inscriptions.
The were issued in 2014 to mark 100 years since the first World War, with 5,720,000 entering circulation.
But small number of the coins were faulty – and came printed without the “two pound” denomination under Elizabeth II's head.
This may be due to the fact that the dies used to strike the obverse of the Trinity House £2 coin weren't replaced when production of the new coins began.
at Changechecker.com say they've only ever heard of two reports of these ‘error' coins being in circulation – making them super rare.
They claim Lockdales Auctioneers officiated the sale of the very first one back in March 2020 to the value of £500.
But experts running at CoinCollectingWizard say the faulty £2 has been known to sell for £900 to £1000 – and sometimes even more at auction.
We struggled to see any selling on due to their rarity – but collectors can buy one from the Britannia Coin Company for a whopping £1,200.
Which means if you spot one in your change, the best thing to do is take it straight to an .
Remember that a coin is only worth as much as someone is willing to pay for it.
Other faulty coins which have sold for big money include .
The coin has been known to upsell for £232 – a whopping 1160 times its price.
And collectors are being urged to check their wallets, as an ultra-rare 50p coin featuring Holmes could fetch over £4,000.
The 2019 coin, which depicts the famous detective on one side and on the other, is currently listed for £4,136.72 on .
Meanwhile, ahas been flogged on for £205.
In our article we list some other rare £2 coins – but make sure to check an official website like Changechecker.com for the most updated league table.
CHECK IF YOU HAVE A RARE COIN
Rare coins and valuable banknotes can sometimes be worth thousands of times more than their face value.
Often, it's just small differences that make these items so valuable.
The most typically feature low mintage numbers or contain errors, qualities that attract collectors.
To determine if your coin could be worth more, check whether it is still available for purchase in Brilliant Uncirculated quality from an official Royal Mint distributor, as advised by Change Checker.
These certified coins are specially struck to a higher standard, making them distinct from those found in circulation
SELLING YOUR RARE COINS
When valuing a coin, factors like its condition and mintage are crucial, so make sure to do thorough research first.
If you're looking to sell at auction, contact The Royal Mint’s Collectors Service.
Their expert team can help authenticate and value your coin.
To start, email them with a picture of your coin, and someone from the valuation team will get back to you.
Be aware that this service comes with a fee, which varies depending on your collection size.
If you plan to buy coins online, such as from eBay, proceed with caution.
Listings can be misleading, and fakes are common.
Plus, be aware that a buyer may back out of a purchase, leaving the listed price inaccurate.
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