British households could unknowingly have £1,000 in their purse

UK residents might unknowingly possess a hidden treasure worth £1,000 just within their clutches. A unique version of a £2 coin, which resulted from a minting error in certain production

runs, is the one you should be on the lookout for. The 2014 £2 Lord Kitchener piece has been highlighted by TikTok user @thecoincollectingwizard as particularly valuable. In a recent upload,

the numismatics aficionado stated: "Find this two pound coin and make £1,000." READ MORE: TESCO ANNOUNCES 7PM 'CHARGE' They also mentioned: "If you find this £2

coin check it for a rare error - worth a lot of money.", reports Birmingham Live. The content creator pointed out that this uncommon coin can be identified by missing "two

pounds" inscription on its side featuring the late Queen's effigy – a detail present on standard counterparts. According to the coin guru, only a handful of this erroneous variety

have surfaced, fetching a handsome price tag. Furthermore, they advised: "Always make sure to check your change. No one knows how many of these errors are out there - so it is

definitely worth checking." Comments poured in with several individuals stating their belief in possessing such a coin, and for those seeking verification of a coin's rarity, there

is a specific verification process to follow. The scarcity of a coin relies mainly on factors such as its mintage figures, the decrease in incidents of a particular coin being struck, and

how often it is used in transactions. Another indicator of a coin's uniqueness can be minting errors or variations. BullionByPost notes that a coin's grade and condition, alongside

market demand, are factors in determining its rarity. Their website explains: "Valuable coins are not necessarily scarce coins, but rarity will always add to the value of a coin.

Precious metal bullion coins, such as gold Sovereigns, have an initial high price because of their metal content." They elaborate further, "That price will never be lower than its

metal value on the commodity markets. Rare bullion coins will have additional numismatic value over and above their metal content."