1983 "New Pence" 2p - a very rare British coin

The 1983 “New Pence” 2p coin is one of the rarest British decimal coins. Only a few of these coins were minted, making them incredibly valuable to collectors.

In 1982, the Royal Mint changed the 2p coin’s denomination from “New Pence” to “Two Pence.” However, due to an error, a small number of 1983 coins were accidentally minted with the “New Pence” denomination.

What is a 1983 “New Pence” 2p coin worth?

These coins are incredibly rare, with only a few known to exist. In fact, one of these coins sold at auction for over £7,000 in 2016.

The design of the 1983 “New Pence” 2p coin is similar to the other 2p coins of that time, with the image of a crowned portrait of Queen Elizabeth II on the obverse side. The reverse side features the words “New Pence” and a depiction of a floral sprig.

The rarity of this coin is due to the following factors:

the short time period in which it was minted
the error that occurred during the minting process.

The small number of coins that were produced with the “New Pence” denomination were quickly withdrawn from circulation and replaced with the “Two Pence” coins.

Collectors of rare coins and numismatists alike seek out the 1983 “New Pence” 2p coin due to its scarcity and historical significance. Owning one of these coins is a valuable addition to any collection, as they are not only rare but also hold a piece of British history.

It is essential to note that the rarity and value of a coin depend on its condition. Coins that are in excellent condition with minimal wear and tear will hold a higher value than those that are damaged or worn.

In conclusion, the 1983 “New Pence” 2p coin is a rare and valuable piece of British currency. With only a few known to exist, collectors and numismatists alike seek out this coin to add to their collections. Its rarity, historical significance, and short minting period make it a highly sought-after coin in the numismatic world. If you are interested in this coin, you may also want to take a look at the Peter Rabbit 50p.