The coin was produced with four different finishes
If you have got a pile of loose change at home, it could be worth looking over your coins. Experts have highlighted an unusual British coin that might fetch a high price.
The distinctive, gold £2 piece is not particularly old, as it was produced just 13 years ago in 2012, reports the Daily Mirror. Nevertheless, it marks a historical event which renders it valuable, commemorating a global event that took place in London.
Information about the coin on the the Royal Mint explains: “Struck to commemorate the transition of the Olympic Games from London to Rio de Janeiro, the 2012 Olympic Games Handover £2 coin symbolises the passing of the Olympic flag from one host city to another.
“The reverse design, created by Jonathan Olliffe, depicts a baton being passed between two hands, with the flags of the UK and Brazil joined in motion. Like its predecessor, the coin carries the edge inscription ‘I CALL UPON THE YOUTH OF THE WORLD’.”
In 2012, London became the first city to stage the Olympic Games on three occasions, having previously done so in 1908 and in 1948. More than 10,000 competitors took part in 26 disciplines at the newly constructed Queen Elizabeth Olympic Park in Stratford.
Coin experts at Bullion By Post and Chards presently value versions of the coin at £1,792 and £1,912 respectively, although Chards currently has no stock available. Information on the Chards website explains: “The 2012 Olympic Handover to Rio £2 coin was issued to mark the handover from London to the next Olympic Games host, Rio de Janeiro.
“The 2012 Olympic Handover £2 coin was also produced in the following finishes: uncirculated, brilliant uncirculated in a presentation folder, silver proof and silver proof piedfort.”
Although you could get a high price on the market, it’s crucial to understand that a coin’s worth depends heavily on its state. Chris Yang, co-founder of Coins Value, previously told the Daily Star: “Coins in perfect ‘mint’ condition are worth far more than their well-worn, damaged, and poor-condition counterparts. Sometimes a minor difference in grade translates to hundreds, maybe thousands in value.”
He also warned that it’s ‘best practice’ to retain rare coins unless you desperately need some extra cash. He said: “The better issues of these important coins gain in value over time.
“The prices of these scarce coins are subject to some uncertainty based on alterations in the overall market and economy. When selling, shop around various dealers and obtain the best price.
“An auction house is considered to achieve the maximum value for really spectacular pieces. Be prepared to pay a 10-20 percent commission on the selling price.”
He also said: “Remember, the thrill of coin collecting isn’t always about striking gold; it’s about connecting with history and uncovering hidden treasures. Your old coin jar might hold more than just spare change – it could be a portal to a fascinating past.”