An expert shared exactly how to spot this valuable error coin
An expert has urged people to keep an eye out for a rare £2 coin that could be worth £1,000. This piece, from 2014, is highly sought after by collectors due to a specific error.
The coin was created to commemorate the start of the First World War. On its reverse (the tail side) it features the image of Lord Kitchener, the former British Secretary of State for War.
While this may be “easy to spot” in your change, it is only particularly valuable if it has the error. An expert, known online as the Coin Collecting Wizard, explained: “The Lord Kitchener £2 coin from 2014 is easy to spot with its bold ‘your country needs you’ design.
“And most of them are only worth £2 but there’s a rare error version that collectors go crazy for.” This error can be found on the obverse of the coin (the head side).
He continued: “On the Queen’s side the words ‘two pounds’ are supposed to be there but on some they’re completely missing. “his little mistake turns an ordinary coin into something worth over £1,000.
“So next time you’re checking your change take a proper look, you might just be holding a small fortune without even knowing it. Just remember it’s only the rare mule error that’s worth serious money – that means the coin must be completely missing the ‘two pounds’ wording on the Queen’s side.
“If your coin has the full design with £2 clearly shown then it’s just the standard version and worth exactly that, £2.” He issued a warning: “Don’t get caught out by listings online trying to sell the regular ones for silly prices, it’s the error that makes the difference.”
In February last year a misprinted Lord Kitchener £2 coin sold for a staggering £1,000 at auction. Prior to being sold it was authenticated by the Royal Mint, according to This Money.
There have only been two reports of these error coins being found in circulation. Lockdales Auctioneers officiated the sale of one back in March 2020 to the value of £500.