1983 2p coin error sells for £700 - 35,000 times its original market value

At first glance, it can be hard to spot what is wrong with the 1983 2p coin which went under the hammer at RWB Auctions just outside of Swindon.

A super rare 2p coin has sold for a staggering £700 at auction - and it could be lurking in your old coin collections. At first glance, there doesn't seem to be anything unusual about the 1983 coin which went under the hammer at RWB Auctions just outside of Swindon.

But on closer inspection, you'll notice that instead of reading 'two pence', the coin is inscribed with the words 'new pence'.

This subtle error occurred when an old die was used to strike the coin by mistake at the UK's Royal Mint.

As a result, only a handful of these coins are believed to exist, making them incredibly valuable to collectors.

The 2p coin eventually sold for 35,000 times its original market value at RWB Auctions on September 25.

The handful of these coins can be found in sets which were produced in collaboration between The Royal Mint and Italian drinks company Martini & Rossi.

The sets were part of a promotional giveaway and are labelled 'The Great British 1983 Coin Collection' on the cover.

Although thousands of the sets were released, only a small number of them feature the rare 2p coin.

Jon White, of RWB Auctions, said: "It is worth checking old coin collections for this set, particularly if you were born in 1983.

"Someone may have bought you one as a baby or as a Christening present.

"If they happened to get hold of a rare one, then you have a very valuable gift on your hands.”

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