Rare Two Pence Coins From The '70s Are Being Sold On EBay For Up To £14,000 But Do YOU Have Any In Your Wallet?

A rare two pence coin has gone on sale on eBay UK for £14,000 this week

  • It joins others which are on sale for as much as £5k due to their unique trait

  • The coins feature the words 'new pence instead of two pence' on them

  • Were produced between 1971-1981 to distinguish them from old coinage 

  • By Jessica Rach For Mailonline

    Published: 10:29 EDT, 15 March 2018 | Updated: 10:39 EDT, 15 March 2018

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    A rare two pence coin has gone on sale on eBay UK for £14,000, and already has 80 people watching it. 

    The coin is one of a handful which has gone on sale on the website in recent weeks, with an asking price of thousands, as those lucky enough to have one of the rare coins seek to cash in. 

    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'.  

    A rare two pence coin has gone on sale on Ebay UK for £14,000, and already has 80 people watching it

    A rare two pence coin has gone on sale on Ebay UK for £14,000, and already has 80 people watching it

    The coin is one of a handful which has gone on sale on the website in recent weeks, with its unique wording pushing up its value by thousands

    The coin is one of a handful which has gone on sale on the website in recent weeks, with its unique wording pushing up its value by thousands

    There are five similar coins up for sale on the site, including on with a 'buy it now' price of £4,958.47

    The coin, also printed in 1971, has 11 watchers and is located in the UK, as are all the others. 

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    One coin, featuring a slightly turned up edge, is dated 1979 and is on at £1500, while the cheapest offering is a 1980 coin for £680.

    Why do coins from the '70s say 'new pence'? 

    The word 'new' was incorporated into the design for 1/2p, 1p and 2p coins in 1971 to avoid confusion with the old coinage.

    The United Kingdom 2p coin was introduced on 15 February 1971 with the creation of a new decimal currency system.

    The other two coins issued at this time were the 1/2p and 1p coins. 

    To avoid confusion between the old and new coinage all three coins had the word 'NEW' incorporated into the reverse design.

    This was subsequently removed in 1982,' the website says of the distinctive make of coins.

    Source: The Royal Mint  

    Earlier this week, a report signalled that 60 per cent of coppers are only used once, with people even throwing their small change away rather than having it weigh down their wallets.

    Treasury documents published alongside the Chancellor's Spring Statement yesterday raised questions about the future of the coins, pointing out they are increasingly 'falling out of circulation'.

    However a spokesman for the Prime Minister said on Wednesday: 'There are no proposals to scrap 1p or 2p coins in the consultation that HMT issued yesterday.

    'The call for evidence is simply intended to enable the Government to better understand the role of cash and digital payments in the new economy.

    'One thing HMT were seeking views on was whether the current denominational mix of coins meets the public's needs, and from the early reaction it looks as if it does.'

    Produced between 1971 and 1981, the coins features the words 'new pence' instead of 'two pence', wording which was used on all of the two pennies produced in that decade

    Produced between 1971 and 1981, the coins features the words 'new pence' instead of 'two pence', wording which was used on all of the two pennies produced in that decade

    Coin expert site The Royal Mint explains that the word 'new' was incorporated into the design for 1/2p, 1p and 2p coins in 1971 to avoid confusion with the old coinage.

    Coin expert site The Royal Mint explains that the word 'new' was incorporated into the design for 1/2p, 1p and 2p coins in 1971 to avoid confusion with the old coinage.

    Currently the lowest priced coin is on at £680, marketed by a seller with 100% feedback and dated 1980

    Currently the lowest priced coin is on at £680, marketed by a seller with 100% feedback and dated 1980

    Source : http://www.dailymail.co.uk/femail/article-5504579/Rare-2p-coins-sold-ebay-14k-one.html

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