Sorry to bring disappointing news, but British India two anna coins were generally struck in bronze, not gold. This appears to be a normal bronze example, unless you have some proof that it is gold, such as density or an X-ray fluorescence (XRF) reading. In this worn condition and having been used as jewelry I would estimate value at about a dollar or two. Still, a very interesting historical piece to have in your collection.
Ok heres some photos with it beside some old silver nickels and a current canadian loonie and townie an american and a canadian penny and a silver ring with emeralds. Do these pictures do it any better justice?
Also I don' know if this helps but the coin has been in my family for over 20 years and never once has been cleaned or needed to be clean. If it was bronze wouldnt it have some patina ?
If you're trying to sell this coin as a extremely rare gold coin you'll have to prove it's gold with something other than pictures and words, explain how it is so worn since it was only made as a proof in very limited quantities and how the date looks more like 1882.
It would probably be the very first time this coin would be sold in this condition so there's no way to estimate from past sales. Maybe an Auction house could could give you a rough estimate. All available data is on uncirculated coins.
To me this looks like a normal, heavily circulated bronze example, in about VG-F condition. It has a normal patina for a bronze coin. I've seen no evidence that it's gold. I would estimate the value at maybe one to three dollars. To answer your speculative question, an actual gold coin in this worn condition, with jewelry damage, would most likely be worth bullion value.
Edit added later: On reading rsirian1's helpful comment below and checking Krause I see that these were indeed made in silver (it's often hard to tell in photos). In this case the silver appears to have a significant patina. The value would be at least the silver bullion, possibly somewhat more.
2 Annas coins in this time period were always silver except for the off metal strike and a pattern in gold. Even more reason to believe a gold 2 Annas coin would never circulate.
Ok so the history of this coin that my mother has told me is that I got this coin from her around 2012 and she has had it since my grandma passed away in 1984 and it was my grandma's treasure she took it every where with her and she never talked about where she got it from but when ever she was worried or nervous my grandma would take it off and rub it and it helped ease her worry and I dont have anyway of finding out any more history of it prior to that……
But I am going to take it to a jeweler to get it tested for its metal content
India - British • 2 Annas - Victoria (Off Metal Strike)
