Brits urged to search their wallets and coin jars for a rare misprinted £2 coin that could be worth £1,000

The Coin Collector UK explained that the valuable 2014 prints feature Lord Kitchener, famous from recruitment posters of the First World War.

Brits are being urged to check their wallets and coin jars for a rare misprinted £2 coin that could fetch up to £1,000. The valuable 2014 prints feature Lord Kitchener, famous from recruitment posters of the First World War, and the Royal Mint produced 5,720,000 copies of these £2 coins to mark 100 years since the outbreak of the conflict.

According to Coin Collector UK, the £2 in question is estimated to sell for between £800 to £1,000 to collectors. But to be worth a lot of money the coin needs to feature a specific misprint - or a “mule error”.

On his TikTok channel, the Coin Collector UK explained: “£1,000 for this £2 coin if you manage to come across it in your change.

“So this is a Lord Kitchener £2 from 2014. Normally a very common coin with a mintage of just under six million.”

You need to check to see if the side of the coin featuring Queen Elizabeth II is missing the words “two pounds”. This is what makes it especially rare and sought after.

He continued: “But the main thing you want to be checking yours for is on the back, just down here. You see it says the words, ‘two pounds’.

“The rare version is a mule error, which has no denomination at all on the obverse [the side of the coin featuring the Queen]. And it’ll look something like this, you can see it doesn't have the words ‘two pounds’ at the bottom, which makes it extremely rare and it's basically a coin with no value at all.”

The expert revealed how much money these are thought to be worth. “Well, it's a fact that this holds a very high value, it is estimated to sell for between £800 to £1,000,” he said.

“Definitely one worth looking out for in your change. As far as we know none have actually sold but I've heard some have received offers around the £500 mark. So definitely check your Lord Kitchener coin, flip it over.”

But without the missing words the coin is only worth its face value. He added: “If it says ‘two pounds’ on the back, it's a very common coin just worth £2. It looks like this on the obverse you have a very rare coin worth a huge amount of money.”

In February this 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.

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