Rare two pence coins from the '70s are being sold on eBay for up to £14,000 - but do YOU have any in your wallet?
A rare two pence coin has gone on sale on eBay UK for £14,000.The coin is one of a handful which has gone on sale on the website in recent weeks, with an asking price of thousands, as those lucky enough to have one of the rare coins seek to cash in.
Produced between 1971 and 1981, the coins features the words 'new pence', which was used on all of the two pennies pieces until 'two pence' was introduced in 1982.
One coin, dated from the initial release date in 1971, is currently on the site for £14,000, and is described as 'extremely rare'.
There are five similar coins up for sale on the site, including on with a 'buy it now' price of £4,958.47.One coin, featuring a slightly turned up edge, is dated 1979 and is on at £1500, while the cheapest offering is a 1980 coin for £680.
'One thing HMT were seeking views on was whether the current denominational mix of coins meets the public's needs, and from the early reaction it looks as if it does.' Produced between 1971 and 1981, the coins features the words 'new pence' instead of 'two pence', wording which was used on all of the two pennies produced in that decade. Coin expert site The Royal Mint explains that the word 'new' was incorporated into the design for 1/2p, 1p and 2p coins in 1971 to avoid confusion with the old coinage.Currently the lowest priced coin is on at £680, marketed by a seller with 100% feedback and dated 1980.
Where to Sell Your Coins?
1. Great Collections
Found online at GreatCollections.com this site allows you to sell your coins with low fees. 0% for coins over $1,000 or 5% for coins under $1,000. They also offer grading, storage, and a healthy marketplace as of early 2013.
2. Teletrade
Found online at Teletrade.com this site also allows you to sell your coins with low fees, and offers a nice consignment option. They also offer cash advances, but we are not sure how this works, and so we suggest against it.
3. Heritage Auctions
Found online at Coins.Ha.com Heritage sells is the largest in terms of overall sales. They sell nearly 1 billion dollars worth of items (not just coins) each year. They are the 600lb koala in the room.
I hope that I have been able to help point you in the right direction in terms of giving you a better ability to properly sell your coins, and hopefully get as much money as possible for them.