Owners of rare €2 coin could be in for big payday thanks to error

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People in possession of a rare €2 coin could be in for a €50 payday thanks to an unusual minting error.

According to one expert, two almost identical coins could be worth their face value or 25 times that.

The specialist from the Euro Coin Valley YouTube channel used two coins from Germany from 2008, a year when 30 million such denominations were minted.

The money expert acknowledges that viewers might argue at first glance that the two coins are identical and there should be no significant value difference between them.

But the truth is, he explains, that one of them has a “highly valuable error”.

The normal commemorative €2 coin has St Michaelis church on the back, which is a symbol of the city and the federal state of Hamburg as the inscription below the image indicates.

To the right of the church is the mint mark of the engraver of the coin, Ott Erich, which consists of a “stylised combination of his initials”, according to the Euro Coin Valley video.

Slightly above that is the mark of the mint house of Stuttgart, which is represented by the letter F.

The remaining inscriptions on the outer ring of the coin mention the country that issued it, Germany, as well as the year it was minted, 2008.

The 12 stars of the EU are split into six on each side, while on the edge is the inscription ‘Einigkeit und Recht und Freiheit’ (meaning ‘unity and justice and freedom’), as well as the German eagle.

The front of the coin has the regular common face of all €2 coins.

When it comes to the more valuable ‘error coin’, “almost everything is identical”, the expert explains.

On the back, it has the St Michaelis church, Hamburg symbol, the engraver’s initials and the letter F.

It also features the location and year pertaining to the coin’s mintage, as well as the 12 stars of the EU, while the edge of the rare coin is also identical to the normal €2.

The reverse of the coin has the regular common face of all €2s.

The error can be found on this reverse side, as there is one very small but key difference between the two.

“While the normal coin has the updated map of Europe, to reflect the enlargement of the European Union, the error coin still has the old map of the European Union,” the video says.

“This error makes this coin value up to €50.”

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