Rare £2 coin from 2014 is worth huge £1,240 and people are only just realising

A £2 coin from 2014 could marque you a important magnitude of wealth - but lone if it has a definite error. Here's what you request to look retired for erstwhile checking your change

A coin enthusiast has sparked a frenzy among collectors, urging them to excavation done their pockets for a uncommon 2014 £2 coin that could beryllium worthy a whopping £1,240. It's not conscionable immoderate £2 coin from 2014, it indispensable person a definite mistake for it to currency successful this precocious value.

A TikTok video from Coin Collector UK reveals that a misprinted mentation of the Lord Kitchener £2 coin released to people 100 years since the commencement of the Great War, precocious sold for a tidy sum astatine auction. Out of the 5,720,000 Lord Kitchener coins minted by The Royal Mint successful 2014, lone those with a "mule error" are fetching implicit 600 times the terms of its thoroughfare worth.

The TikToker advises: "One of these £2 coins sells for £1,240. So the 1 that you privation to beryllium looking retired for successful your change, is this 1 close here. This is the Lord Kitchener from 2014 and there's an highly uncommon mistake to beryllium recovered connected this coin."

To deed the jackpot, the coin indispensable deficiency the inscription "two pounds" connected the Queen Elizabeth II broadside – that's the aureate summons for collectors.

He elaborate a uncommon minting blunder, saying: "So, the mistake that you privation to beryllium checking for erstwhile we flip the coin implicit to the Queen's caput side, the obverse, you tin spot conscionable astatine the bottom, it says the words 'two pounds'. However, the Royal Mint mistakenly minted a fig of these without the words 'two pounds' and this is called a mule error."

He pointed retired that technically specified a coin is "no value" arsenic it lacks a denomination but added: "This is simply a precise uncommon mistake and immoderate mistake collectors volition wage a batch for this coin. The mean selling terms seems to beryllium astir the £1,000 mark. One sold conscionable a fewer months agone astatine auction for £1,240."

He wrapped up with a tip: "So the adjacent clip you travel crossed the Lord Kitchener (known from iconic WWI posters) £2 coin successful your change, it's decidedly worthy checking. If it doesn't accidental the words 'two pounds' you could person a precise uncommon coin worthy a important magnitude of money."