A rare £2 coin, which has previously fetched more than £500, is still believed to be in circulation and can be identified by a distinct error, according to experts.
The coin features the image of Lord Kitchener, the First World War figure famously depicted in the “Your Country Needs You” posters. Released by the Royal Mint in 2014 to commemorate the centenary of World War I, the coin is normally worth its face value of £2. However, a specific batch of these coins was released with an error, making them highly sought-after by collectors.
The error is characterized by the absence of the words “Two Pounds” on the head side of the coin. Coin Hunter, a group of experts, has estimated that approximately 5,720,000 of these coins are still in circulation, but finding one without a date is considered “very rare.”
While it is uncertain how many coins with this error are still in circulation, the first of its kind was sold in March 2020 for £500. Coin Hunter experts shared on Facebook, “Check your coins that feature Lord Kitchener. If the heads side does not show ‘TWO POUNDS’ – you have an error that appears to be very rare.”
The value of a coin is determined by various factors, including its rarity, design, condition, and potential errors. The 50 pence piece, for example, has become highly valued and sought-after among collectors due to its unique designs and larger diameter compared to other British coins. Additionally, how the coin is sold can impact its value, with some collectors bidding significant amounts on platforms like eBay or auctions, while others seek professional valuation from coin dealers.
If you come across a £2 coin featuring Lord Kitchener without the words “Two Pounds” on the heads side, it may be worth far more than its face value. Collectors and enthusiasts are advised to check their coin collections carefully to potentially uncover this rare and valuable error.
