Is a 1971 New pence 2p worth anything?

Unfortunately for all those who have contacted us asking whether their stack of 2p coins dating from 1971 to 1981 are worth hundreds of pounds, the answer is no. The Royal Mint explains: ‘To avoid confusion between the old and new coinage all three coins had the word ‘NEW’ incorporated into the reverse design.

How much is a 2p coin worth from 1971?

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’.

How much is a new penny from 1971 worth?

A more common find is the 1971 ‘new penny’. These coins are from the first run after decimalisation was introduced, when Britain switched its standard to 100 pennies in the pound. A 1971 penny could fetch a premium, with one recently selling for £5.99 on eBay.

What is the value of 2 new pence?

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What makes a 1971 New pence 2 rare?

Some of the rarest 2p coins are a small batch from 1983 which were accidentally minted with the words “new pence” on them instead of “two pence”, according to the Royal Mint. All 2p coins printed between 1971 and 1981 had “new pence” printed on them but after that, the writing changed to “two pence.”

Why does my 2p say new pence?

It’s sought after because it’s one of only a small number of 2p pieces minted in 1983 to have the words “NEW PENCE” on it. Between 1971 and 1981, all 2p coins had the words “New Pence” inscribed on the reverse, but a year later The Royal Mint decided to change it to say “TWO PENCE” going forward.

What makes a 1971 New Pence 2 rare?

Why is the 1971 1p rare?

In the 20 years after decimalisation in 1971, the price of copper had been rising while the pound fell. As 1p coins were made of 97% copper (along with 2.5% zinc and 0.5% tin) that meant that by 1992 it was no longer economic to make pennies from that metal.

Why is a 1971 2p coin valuable?

All 2p coins struck between 1971 and 1981 had the words “new pence” on the reverse side of the coin, according to the Royal Mint. After that, the wording was changed to “two pence”. It’s made these coins extremely valuable for collectors.

Is a 1971 penny rare?

Most 1971 pennies are common. However, there is at least one rare 1971 penny. It’s the doubled die 1971 penny, and most are worth from $25 to more than $150!

What is the difference between a new pence and a two pence?

All 2p coins struck between 1971 and 1981 included the words ‘NEW PENCE’ as part of their reverse. In 1982 and in subsequent years the words ‘NEW PENCE’ were replaced with the word ‘TWO PENCE’. However, in 1983 a small number of 2p coins were mistakenly struck with the wording ‘NEW PENCE’ on the reverse.

Is the 1971 New pence rare?

All 2p coins struck between 1971 and 1981 had the words “new pence” on the reverse side of the coin, according to the Royal Mint. It’s made these coins extremely valuable for collectors.

What makes a 1971 2p coin so rare?

A person can ASK whatever he wants on Ebay, but what they actually SELL for is the believabilty factor. While 2p coins are not uncommon, what makes this specific coin popular is the unique wording on it. Rather than “two pence”, the coin says “new pence” on it – as all coins produced between 1971 and 1981 did.

When did the UK 2p coin come out?

“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. Offer the coin to the ebayer who listed it for 4958.47 pounds . See what he will pay you for your coin .

What was the value of 1 pound in 1971?

“Decimal Day” is the name that was given to 15 February 1971 in the United Kingdom. It was the day that the UK converted to a decimal-based system of currency from the old pound-shilling-pence system. In the old system, 1 pound = 240 pence.

When did the UK convert to decimal currency?

“Decimal Day” is the name that was given to 15 February 1971 in the United Kingdom. It was the day that the UK converted to a decimal-based system of currency from the old pound-shilling-pence system. In the old system, 1 pound = 240 pence. In the new (decimal) system, 1 pound = 100 pence.