Your £2 coin could be worth £1,000 but you need to spot specific ‘weird circle’ error first

YOUR £2 coin could be worth £1,000 if you spot a specific “weird circle” error on it.

Coins with minting errors can be worth multiple times their face value because there are so few of them.

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The scarcity of the pieces means collectors are willing to pay hundreds or thousands of pounds for them.

One such coin launched in 2021 to mark 75 years since the death of the science fiction novelist HG Wells.

Like other £2 coins, it is made from two metals – a silver coloured cupro-nickel disc surrounded by an outer yellow nickel-brass ring.

Bur it appears that some coins have a blank minted with a thicker yellow ring, much wider than what we’d see on normal £2 coins.

Previously, coin expert Rachel said that currency with this error could fetch more than £1,000 at auction.

This is because they were only available to buy directly from the Royal Mint and not widely circulated.

Any error versions will have only been available to buy on their release in January 2021.

How to sell a rare coin

If, after checking, you realise you’ve come across a rare coin, there are a number of ways you can sell it.

You can sell it on eBay, through Facebook, or in an auction.

But be wary of the risks.

For example, there are a number of scams targeting sellers on Facebook.

Crooks will say they’re planning to buy the item, and ask for money upfront for a courier they’ll be sending around.

But it’s all a ruse to get you to send free cash to them – and they never have any intention of picking your item up.

It’s always best to meet in person when buying or selling on Facebook Marketplace.

Ensure it’s a public meeting spot that’s in a well-lit area.

Avoid payment links and log in directly through the payment method’s website.

Most sellers prefer to deal with cash directly when meeting to ensure it’s legitimate.

The safest way to sell a rare coin is more than likely at auction. You can organise this with The Royal Mint’s Collectors Service.

It has a team of experts who can help you authenticate and value your coin.

You can get in touch via email and a member of the valuation team will get back to you.

You will be charged for the service though – the cost varies depending on the size of your collection.

Meanwhile, you can sell rare coins on eBay.

But take into account that if you manage to sell your item then eBay will charge you 10% of the money you made – this includes postage and packaging.

This post first appeared on thesun.co.uk