'Always check both sides' as expert says this £2 coin is worth £1,000

An expert has told Brits to “always check both sides” of a common coin in case it features a rare error. If your £2 coin features this specific mistake it could be worth as much as £1,000.

According to an expert known online as the Coin Collecting Wizard, you should always have a closer look at any £2 coins from 2014. If they feature an image of Lord Kitchener they could be particularly valuable.

In a post uploaded to social media platform TikTok, he explained more: “Do you know why this £2 coin is worth £1,000?" he said.

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“Most people have the Lord Kitchener £2 in their change - the one that says ‘your country needs you’ with Kitchener’s face on it. Millions were made, so normally it’s only worth £2. But there’s one version that can be worth up to a grand.”

The Royal Mint produced 5,720,000 copies of these £2 coins, to mark 100 years since the outbreak of the First World War. But for it to be worth a lot of money the coin needs to feature a specific misprint - known as a “mule error”.

The expert continued: “Here’s why. It’s called a mule error. A mule happens when the wrong dies are used in production. On this coin some of them were struck without the usual words ‘two pounds’ on the obverse (the Queen’s side).

“So if your coin is missing the ‘two pounds’ under the Queen’s portrait, you might just be holding one of the rarest £2 errors in circulation!” He added: “Always check both sides of your coins - sometimes the mistake makes it more valuable than the design itself.”

As reported by This is Money, an example of an error Lord Kitchener coin sold in 2024 for £1,000.

It was estimated the coin would fetch between £600 to £800. It was bought by an American bidder at a live auction.