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Rare? 1971 New 2 Pence Coin

 
 
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Valued Member

United States
95 Posts
 Posted 05/17/2019  12:53 pm Show Profile   Bookmark this topic Add 1982pennyid to your friends list Get a Link to this Message
Was wondering about the value of this coin.









Edited by 1982pennyid
05/17/2019 1:51 pm
Pillar of the Community
United States
4052 Posts
 Posted 05/17/2019  2:18 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
With the verdigris and a bit of wear it's worth only face value.
Describe it as if there were no picture.
Picture it as if there were no description.
Pillar of the Community
United Kingdom
5144 Posts
 Posted 05/17/2019  2:24 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
It's worth 2 pence in the UK (a tiny bit more than 2 US cents).

It is one of the most common UK coins ever issued. As the UK introduced decimal currency that year, billions of new coins were required to replace the old £sd coinage. The 1971 2p has a mintage of 1,454,856,250 - so many were made, that no further 2p's were needed for circulation until 1975!

Unfortunately some misguided people have got it into their heads that every British 2p coin with the words "New Pence" on the reverse is rare and valuable. That's why you sometimes see them on eBay for ridiculous amounts of money. There is one very rare mule dated 1983 with "New Pence" instead of "Two Pence", and this is the valuable coin. All 1971 and 1975-81 2p coins had "New Pence" on the reverse and were struck in vast quantities. They are worth just face value in circulated condition.

Even in Uncirculated condition a 1971 2p is only worth a few pence, as hundreds of thousands were put aside by dealers at the time, or sold in sets of 'Britain's First Decimal Coins', so they are still plentiful. I get 2 or 3 1971 2p coins in change each week, 48 years after they were issued... and I just spend them again!
Edited by NumisRob
05/17/2019 2:51 pm
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