The 1983 ‘New Pence’ 2p coin is one of the rarest modern UK coins due to a minting anomaly. In 1982, the Royal Mint officially changed the inscription on the reverse of the 2p coin from ‘NEW PENCE’ to ‘TWO PENCE’.
However, a small batch of 1983 coins was mistakenly struck with the outdated ‘NEW PENCE’ legend, creating a collector’s dream and a coin now worth up to £1,400.
Although these coins were not meant for general circulation, a few have surfaced over time — especially from special commemorative or collector sets.
How to Identify the Rare 1983 ‘New Pence’ Coin
Finding one of these valuable coins means looking closely at the details. Here’s how to spot it:
| Feature | Details to Look For |
|---|---|
| Year | Coin must be dated 1983 |
| Text/Legend | Look for ‘NEW PENCE’ instead of ‘TWO PENCE’ |
| Design | Reverse shows the Badge of the Prince of Wales with ostrich feathers |
| Condition | Uncirculated or proof condition coins fetch the highest prices |
This minting error is highly prized by collectors due to its rarity and unusual origin.
Estimated Value Based on Condition
The value of this coin largely depends on its condition and whether it remains in a sealed collector set.
| Condition | Estimated Value (£) |
|---|---|
| Circulated | £500 – £700 |
| Uncirculated (loose) | £700 – £1,000 |
| Sealed in Collector Set | £1,000 – £1,400 |
If you happen to have one of these coins, it’s important not to clean or alter it, as that can reduce its value significantly.
How to Verify if It’s Genuine
- Use a Magnet: The coin should not be magnetic.
- Check Weight: The standard weight is around 7.12 grams.
- Compare Details: Carefully compare with a known 1983 ‘TWO PENCE’ version to spot the inscription difference.
- Get a Professional Opinion: Consider having the coin graded by a certified coin evaluation service for maximum resale value.
The 1983 ‘New Pence’ 2p coin stands as a shining example of how a simple oversight at the mint can create a numismatic treasure. With values reaching up to £1,400, it’s a reminder that not all coins are created equal.
Whether tucked away in an old collection or passed down through the family, this small copper coin could be worth a small fortune. If you spot the ‘NEW PENCE’ on a 1983 coin, you might just be holding one of the UK’s rarest circulating pieces.
FAQs
Can I find the 1983 ‘New Pence’ 2p in my spare change?
It’s highly unlikely as these were mostly included in collector sets. However, broken sets sometimes find their way into circulation.
What should I do if I find one?
Keep it in a safe place without cleaning it, and seek a professional valuation from a trusted numismatic dealer.
Why is this coin worth more than face value?
Because it’s a minting error, it’s extremely rare and sought after by collectors who pay a premium for its uniqueness.