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Hidden Treasure in Your Pocket: The £2 Coin That Could Make You Rich!

Published 7 hours ago3 minute read
Precious Eseaye
Precious Eseaye
Hidden Treasure in Your Pocket: The £2 Coin That Could Make You Rich!

An unassuming British £2 coin, produced just 13 years ago in 2012, is attracting significant attention from coin specialists for its potential to yield a substantial profit. This distinctive gold piece carries considerable historical importance, commemorating a global event: the transition of the Olympic Games from London to Rio de Janeiro.

According to information from the Royal Mint, the 2012 Olympic Games Handover £2 coin was specifically struck to symbolize the passing of the Olympic flag between host cities. The coin's reverse design, created by Jonathan Olliffe, vividly portrays a baton being exchanged between two hands, with the flags of the United Kingdom and Brazil dynamically joined in motion. Etched along its edge is the inscription, 'I CALL UPON THE YOUTH OF THE WORLD', echoing its predecessor's design.

The commemorative coin harks back to a landmark year for London, which in 2012 became the first city ever to stage the Olympic Games on three separate occasions, having previously hosted in 1908 and 1948. That year, over 10,000 competitors from around the globe converged in Stratford at the newly constructed Queen Elizabeth Olympic Park to participate in 26 disciplines.

For those with a keen eye for numismatics, the gold versions of this coin are currently valued by specialists at impressive figures. Bullion By Post assesses their worth at approximately £1,792, while Chards, though currently out of stock, values them at £1,912. Beyond the gold variant, the 2012 Olympic Handover £2 coin was also issued in several other finishes, including uncirculated, brilliant uncirculated (often presented in a special folder), silver proof, and silver proof piedfort.

However, the value of any coin, regardless of its commemorative significance, hinges critically on its condition. Chris Yang, co-founder of Coins Value, emphasizes that coins in pristine 'mint' condition command far higher prices than their worn, damaged, or poor-condition counterparts. Even a minor difference in grade can translate into hundreds, or even thousands, in value.

For collectors and potential sellers, Yang advises retaining rare coins unless there is an urgent need for cash, noting that 'better issues' tend to appreciate over time. He also cautions that the prices of scarce coins can be subject to market and economic fluctuations. When deciding to sell, it is considered 'best practice' to solicit quotes from various dealers to secure the most favorable price. For exceptionally spectacular pieces, an auction house can achieve maximum value, though sellers should be prepared for a 10-20 percent commission on the final selling price.

Ultimately, Yang highlights that the essence of coin collecting extends beyond financial gain; it's about establishing a connection with history and unearthing hidden treasures. A seemingly ordinary old coin jar, therefore, might not just hold loose change, but rather a fascinating portal to the past.

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