2 New Pence - Elizabeth II 2nd portrait obverse
Obverse
2 New Pence - Elizabeth II 2nd portrait reverse
Reverse
Common 💧 Sells often

Common: 10,000,000 or more minted. Sells often: 71 verified sales in the last 12 months.

2 New Pence - Elizabeth II 2nd portrait (1971–1981)

CountryUK Year1971–1981 Denom2 Pence Mintage1,454,856,250 MintRoyal Mint MetalBronze (97% Cu, 2.5% Zn, 0.5% Sn)
Verified by the MyCoinage editor · realised auction prices only · last refreshed .
Reference guide Read the 2p coin values UK guide Mintage, key dates, realised auction prices and authentication tips.
CountryUnited Kingdom
Year1971–1981
Denomination2 Pence
Face value2p
Mintage by year
  • 19711,454,856,250
  • 1975145,545,000
  • 1976181,379,000
  • 1977109,281,000
  • 1978189,658,000
  • 1979260,200,000
  • 1980408,527,000
  • 1981353,191,000
Scarcest year: 109,281,000 struck
MintRoyal Mint · Llantrisant
CirculationCirculating
CompositionBronze (97% Cu, 2.5% Zn, 0.5% Sn)
Weight7.120g
Diameter25.9mm
Thickness1.85mm
ShapeRound
EdgePlain
OrientationMedal alignment ↑↑
Obv. artistArnold Machin
Rev. artistChristopher Ironside
Grade scaleUK (EF/UNC)
Obverse

Second crowned portrait of Queen Elizabeth II right, wearing the Girls of Great Britain and Ireland tiara, legend around.

Reverse

The badge of the Prince of Wales, a plume of three ostrich feathers enfiling a coronet of cross pattée and fleur de lis, dividing motto with legend above and denomination below.

2 New Pence - Elizabeth II market value

£7.02
Median of 8 verified UNC sales, the grade that sells most often. 17 sales across 5 grades.
Grade range £1 – £7
Lowest grade Highest grade
Last sale 11 days ago View price history →

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2 New Pence - Elizabeth II price history

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2 New Pence - Elizabeth II value by year

1971 to 1981 · median sold prices
Year Mintage Circulated Uncirculated Sales
1971 1,454,856,250 £2.25 £7.02 55
VF£12.50EF£28.00UNC£95.00
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1975 145,545,000 £1.50 (1) £4.47 type 1
VF£12.50EF£28.00UNC£95.00
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1976 181,379,000 £2.24 £4.73 (2) 5
VF£12.50EF£28.00UNC£95.00
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1977 scarcest 109,281,000 £2.21 type £4.47 type
1978 189,658,000 £2.24 £3.31 (1) 4
VF£12.50EF£28.00UNC£95.00
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1979 260,200,000 £1.47 (2) £2.75 5
VF£12.50EF£28.00UNC£95.00
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1980 408,527,000 £2.10 (1) £1.99 (1) 2
VF£12.50EF£28.00UNC£95.00
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1981 353,191,000 £1.49 (1) £4.47 type 1
VF£12.50EF£28.00UNC£95.00
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One row for each year the 2 New Pence - Elizabeth II 2nd portrait was struck. Prices are medians of verified sold listings matched to that year from the listing: circulated is worn condition up to Extremely Fine, uncirculated is About Uncirculated or better. A count in brackets means fewer than three sales behind the figure; a grey figure marked "type" is the median across every year, shown where that year has no sale of its own yet; years with no sales yet fill in as sales are recorded. Most types have been searched year by year only since October 2026, so later years are still filling in. Use the grade table below for a price by condition across all years.

2 New Pence - Elizabeth II value by grade

Realised auction prices · ⭐ Pro Expand rows for individual sale records
Grade Latest Median 30d Δ All-time range Sales (1yr) Total sales Last sale
UNC £6.28 🔒 eBay £7.02 – £2.22 – £22.53 8 8 13-09-2026
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BU £3.95 🔒 eBay £3.95 (1) – £3.95 – £3.95 1 1 12-10-2026
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VF £2.10 🔒 eBay £1.68 ▼43.2% £0.22 – £314.19 55 57 12-10-2026
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F £1.49 🔒 eBay £1.49 (1) – £1.49 – £1.49 1 1 07-09-2026
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PR-65 £4.47 🔒 eBay £2.75 – £1.99 – £4.99 6 6 16-10-2026
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⭐ Pro: see all 73 dated sale records behind these medians, with source links and lot references.
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Pricing Data
5 grades · last updated 27 Oct 2026

About the 1971 2 New Pence - Elizabeth II

The 1971 2 New Pence - Elizabeth II is a circulating 2 pence coin issued from 1971 to 1981, struck in bronze (97% Cu, 2.5% Zn, 0.5% Sn). It weighs 7.12g and measures 25.9mm across. Reverse design: The badge of the Prince of Wales, a plume of three ostrich feathers enfiling a coronet of cross pattée and fleur de lis, dividing motto with legend above and denomination below.

Mintage figures are recorded for 8 years between 1971 and 1981, 3,102,637,250 coins in all. 1977 is the scarcest date, with 109,281,000 struck.

Common questions

How much is the 1971 2 New Pence - Elizabeth II worth?

Verified sold prices for the 1971 2 New Pence - Elizabeth II run from £1.49 to £7.02 across 5 grades, taking the median for each grade. Condition makes the difference, so check the grade table above before pricing one.

Is a NEW PENCE 2p rare?

No. The Royal Mint states that all 2p coins struck between 1971 and 1981 carry the words NEW PENCE. Its figures give 1,454,856,250 for 1971 alone. Only a coin dated 1983 with NEW PENCE is the error that collectors look for.

How many 1971 2p coins were made?

The Royal Mint's mintage figures give 1,454,856,250 for 1971, the highest of any 2p date. The eight circulating NEW PENCE dates, 1971 and 1975 to 1981, total 3,102,637,250 coins.

Is the new pence 2p still legal tender?

Yes. The 2p has not been demonetised, and the Royal Mint states that it remains legal tender for amounts up to 20 pence. A NEW PENCE coin has the same standing as any later 2p.

Who designed the 2 new pence coin?

Christopher Ironside designed the reverse, the badge of the Prince of Wales: a plume of ostrich feathers within a coronet above the motto ICH DIEN. The Royal Mint credits him with the 2p reverse from 1971 to 2008. The obverse portrait is by Arnold Machin.

Were 2p coins made in 1972, 1973 and 1974?

Not for circulation. The Royal Mint's mintage figures have no 2p entries between 1971 and 1975, and Wikipedia's table records 1972, 1973 and 1974 as struck for sets only. Circulation striking resumed in 1975.

How do I identify the 1971 2 New Pence - Elizabeth II?

Check the weight 7.12g and diameter 25.9mm and the metal (bronze (97% Cu, 2.5% Zn, 0.5% Sn)) against the specification table on this page. The reverse design is described above.

History and design

The 2p was introduced on 15 February 1971, Decimal Day, together with the ½p and 1p. The Royal Mint Museum records that these three bronze coins, which had no exact equivalent in the old money, were not released until the day itself, although souvenir sets had been on sale since June 1968.

The coins had been stockpiled in advance at the new Royal Mint at Llantrisant. The Royal Mint's figures give 1,454,856,250 coins dated 1971, the highest of any 2p date. The Mint then lists no circulating 2p until 1975. Striking ran every year from 1975 to 1981, and the eight circulating dates total 3,102,637,250.

Christopher Ironside designed the reverse, one of the set chosen for the decimal coinage. It shows the badge of the Prince of Wales: a plume of ostrich feathers within a coronet, above the motto ICH DIEN. NEW PENCE runs above the badge and the figure 2 sits below.

The Royal Mint explains that the word NEW helped to distinguish the coins from the pre-decimal coinage. In 1982 the wording was replaced with TWO PENCE. The obverse carries Arnold Machin's portrait of the Queen. The coin is bronze (97% copper, 2.5% zinc, 0.5% tin) with a plain edge.

Varieties and errors

No recognised varieties or mint errors are documented for the 1971 to 1981 coins. The well-known NEW PENCE error is a different coin: the Royal Mint states that in 1983 a small number of 2p pieces were mistakenly struck with the old wording and put into collector sets. That 1983 mule is the only NEW PENCE 2p that is unusual. On any coin dated 1971 to 1981 the wording is normal.

Collecting notes

These coins are still legal tender and still appear in change. All are bronze and are not attracted to a magnet; the Royal Mint moved the 2p to copper-plated steel in September 1992.

By mintage the lowest circulating date is 1977 at 109,281,000, and 1971 and 1980 are the highest. No date of the type is scarce. Before treating a NEW PENCE 2p as anything special, read the date on the obverse.

Sources

The history, design, varieties and collecting notes on this page are drawn from these sources. Prices come from recorded sales, not from them.

  1. UK coin mintage figures (data file), The Royal Mint (read 9 Oct 2026)
  2. 2p Coin Designs and Specifications, The Royal Mint (read 9 Oct 2026)
  3. Decimalisation, Royal Mint Museum (read 9 Oct 2026)
  4. Coinage FAQs: 'New Pence' coin, The Royal Mint (read 9 Oct 2026)
  5. Rare 1p and 2p coins, The Royal Mint (read 9 Oct 2026)
  6. Two pence (British coin), Wikipedia (read 9 Oct 2026)

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