Coin collectors encouraged to rummage through wallets and coin jars for a potentially valuable 2014 coin that could fetch up to £1,240

A coin collecting aficionado has encouraged individuals to rummage through their wallets and coin jars for a potentially valuable 2014 coin that could fetch up to £1,240

Coin enthusiasts are being urged to scour their wallets and piggy banks for a potentially valuable 2014 coin that could fetch up to £1,240 - but only if it has a specific error.

A misprinted version of the Lord Kitchener £2 recently sold for the impressive sum at auction, according to Coin Collector UK on TikTok.

First you need to check if you have the 2014 print which features Lord Kitchener, who is best known for his First World War recruitment posters.

The Royal Mint created 5,720,000 of the £2 coins to mark the centenary of the outbreak of the First World War.

But for the coin to be worth a substantial amount, it needs to have a specific misprint, which is known as a "mule error".

Coin Collector UK explained on his TikTok : "One of these £2 coins sells for £1,240. So the one that you want to be looking out for in your change, is this one right here. This is the Lord Kitchener from 2014 and there's an extremely rare error to be found on this coin."

To find out its value, you need to check the side of the coin featuring Queen Elizabeth II to see if the words "two pounds" are missing.

This is what makes it particularly rare and sought after.

He said: "So, the error that you want to be checking for when we flip the coin over to the Queen's head side, the obverse, you can see just at the bottom, it says the words ‘two pounds’.

"However, the Royal Mint mistakenly minted a number of these without the words ‘two pounds’ and this is called a mule error."

He explained that technically this coin is worth "nothing" as it doesn't have a denomination.

He said: "This is a very rare error and some error collectors will pay a lot for this coin. The average selling price seems to be around the £1,000 mark.

"One sold just a few months ago at auction for £1,240.

"So next time you get the Lord Kitchener £2 coin in your change, it's definitely worth checking. If it doesn't say the words ‘two pounds’ you could have a very rare coin with a significant amount of money."

The above is the detailed content of Coin collectors encouraged to rummage through wallets and coin jars for a potentially valuable 2014 coin that could fetch up to £1,240. For more information, please follow other related articles on the PHP Chinese website!