FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. Ultimately, you are responsible for your financial decisions. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. FinanceBuzz and CardRatings may receive a commission from card issuers.įinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. £2 coin - £1,000įor a bit of background, £2 coins are made up of two kinds of metal – the silver cupro-nickel disc in the centre and the surrounding nickel-brass ring on the outside.īut back in 2017, a keen-eyed collector spotted that the £2 Standing on the Shoulders of Giants coin was made entirely of nickel-brass which meaning there was an error made.Ī staggering 10,270,000 of this coin were released into circulation however only a few were made of nickel-brass – which experts believe make the coin worth more than £1,000.Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved or otherwise endorsed by these entities.įinanceBuzz has partnered with CardRatings for our coverage of credit card products. "New pence" is old wording that featured on two pence coins between 19 to help people adjust to decimalisation after it came into effect.īut rather than change the wording, someone accidentally kept on using the old format. This coin, as you can see, feature 'new pence" when it should have actually said "two pence." The reason these rare coins could be worth near two thousand pounds is down to an error when they were minted in 1983. This coin could be worth more than it looks. But supplies are very limited on a Rare and most impressive coin. Once you know what it’s worth, you can decide what to do with it. Each choice Proof coin comes in a protective capsule. Alternatively, you can take your coin to a coin dealer and ask them to value it for you. You can check the value by looking at how much other coins like yours have sold online on, for example, eBay. The higher up a coin ranks on the scarcity index, the harder it is to come by, and the more likely it is that a collector would pay good money for it. Then, the Change Checker scarcity index can help you find out if your coin features a rare, collectible design. Photo by Mark Wilson/Getty Images / Photo by Mark Wilson/Getty Images You may want to sift through your change jar before you head to the bank to cash it in. They also offer an authentication service, so you can be sure your coin is genuine. The Royal Mint website has information about all the coins they’ve ever produced, whether they were intended for circulation or not, that can help you track down your design. If you think one of your coins is rare and worth more than face value, first check online to see if its what you think it is - and how much they're selling for. What should you do if you think you have a rare coin? The morning newsletter arrives every day before 9am and the evening newsletter, manually curated by the team, is sent between 4pm and 5pm, giving you a round up of the most important stories we've covered that day. Get all the latest Glasgow news and headlines sent straight to your inbox twice a day by signing up to our free newsletter.įrom breaking news to the latest on the coronavirus crisis in Scotland, we''ll have you covered.
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