Wiltshire

'Silver' 2p sells for £1,350 - 67,500 times face value

Normal 2p coin and rare "silver" 2p coin
Image caption The "silver" coin (right) is the same size as a conventional 2p coin

A rare "silver" two pence coin struck in error by the Royal Mint has sold for £1,350 - 67,500 times its face value.

The coin was nearly thrown away as a fake after it was discovered in a Poppy Appeal tin last year.

But after Royal British Legion volunteers in Wiltshire took it to a bank, it was sent to the mint which confirmed it was made in error.

The coins are normally made of copper-plated steel, but this one was set in nickel-plated steel, used for 10ps.

Charles Vernon, treasurer of the legion in Malmesbury, which has enjoyed the proceeds of the sale, said he and his wife spotted the "odd" coin when the collection was being counted.

"When we tried to put it in the 10p pile it didn't fit - it was an anomaly and stood out," he said.

Mr Vernon thought the 2p was a fake so took it to his local bank to be destroyed, but bank staff suggested it may be rare and worth a lot of money and had it sent to the mint.


At the same rate of face-value profit what would other items be worth?

  • Pint of milk: £30,000
  • First class stamp: £43,200
  • Loaf of bread: £50,000
  • Ford Focus: £950m

X-ray fluorescence spectrometry was used to confirm an error in production "whereby a nickel-plated steel blank, which would normally be used in the production of 10p pieces appears to have been struck between 2p dies", the mint confirmed.

It will now be handed over to its new owner, The Westminster Collection, a company which specialises in collectable coins and stamps.

A similar "silver" 2p coin was sold for £1,357 at auction in 2014 and another made £802 in an online auction last year.

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