Coins of England and Great Britain
('Coins of the UK')
by Tony Clayton
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Coins of England and Great Britain('Coins of the UK')by Tony Clayton |
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Decimal One Pound <<-- : -->> Decimal Crowns, 25p and 5 pounds
Values of Decimal £1 and £2 coins
Pictures of Decimal Two Pound coins on www.ukcoinpics.co.uk
There is an urban legend circulating that two pound coins where the Queen is wearing a necklace are rare and worth a lot of money. This is false.
1997-dated £2 coins of the UK ("the one with the necklace") are normal circulating issues. All pieces dated 1997 have exactly the same design and are not in any way unusual or rare, as over 13 million were minted. Their frequency in change has gone down because of hoarding, and because of the increasing number of later issues entering circulation.
In circulated condition such coins are worth just two pounds, i.e. face value.
The Queen's portrait was changed in 1998 for all denominations, as it was in 1985 and 1968. For more details on the £2 series, see below.
A two pound coin in the same nickel brass alloy as the pound coin (thought to be 70% copper, 24½% zinc and 5½% nickel) was first introduced in 1986 as a commemorative coin, although it was legal tender and was accepted by shops. However, quantities were never in sufficient numbers for general circulation to take place.
In 1997 a new design, a bimetallic coin of the same diameter but thinner, was to be introduced for general circulation, but the issue was postponed to June 1998 because of technical problems regarding the acceptance of the coins by vending machines. Coins dated both 1997 and 1998 were then placed into circulation.
All bimetallic two pound coins, and some of the pre-1987 commemorative two pound coins, have an edge inscription as a security measure.
As the edge inscriptions are stamped on the edge of blank coins before striking, they can (and do) appear either way up in theoretically equal quantities.
In 1986 a nickel-brass two pound coin was issued to commemorate the 13th Commonwealth Games held in Scotland that year.
During the succeeding years a total of six further commemorative two pound coins were issued.
The coin weighs 15.98 grams and has a diameter of 28.40 mm. This is exactly the same specification as the gold two pound coin, and indeed in some years the same design has been struck as the year's gold issue. The edge of all issues is milled, although some have an additional edge inscription.
The first six issues have the same obverse:
Second Portrait, inscription ELIZABETH II DEI GRATIA REGINA F D starting low left, TWO POUNDS below.
Reverse: Thistle on St Andrews Cross, 1986 above.
Edge: XIII COMMONWEALTH GAMES SCOTLAND 1986
Issued to celebrate the 1986 Commonwealth Games held in Edinburgh.
Reverse: Intertwined W and M with mace,
English crown above, 1689 over 1989 below
TERCENTENARY OF THE BILL OF RIGHTS above.
Edge: Milled, no inscription
Designed by John Lubban, also famous as the illustrator of Paddington Bear books
Reverse: Intertwined W and M with mace,
Scottish crown above, 1689 over 1989 below
TERCENTENARY OF THE CLAIM OF RIGHT above.
Edge: Milled, no inscription
Designed by John Lubban.
These last two coins were issued at the same time, but the Scottish version is very much scarcer than the English, and is arguably the scarcest of all the two pound coins.
Reverse: Seal of Bank of England,
W & M intertwined surmounted by crown above
Legend: Bank of England 1694 1994
Edge: SIC VOS NON VOBIS
Issued to celebrate the Tercentenary of Bank of England
Reverse: Dove carrying Olive Branch (no inscription)
Edge: 1945 IN PEACE GOODWILL 1995
A most unusual coin in that it bears the date only on the edge. It commemorated the 50th Anniversary of the end of the Second World War.
Reverse: Array of flags, 50 and UN symbol
Legend: NATIONS UNITED FOR PEACE 1945 - 1995.
Edge: Milled
Issued to celebrate the 50th Anniversary of the United Nations
Obverse: as before but dished surface and no edge beads
Reverse: Representation of Football, 1996 in centre,
16 small rings, to represent the 16 finalists, no edge beads. Also exists as a silver proof.
Edge: TENTH EUROPEAN CHAMPIONSHIP
In 1997 a new design was produced for circulation. It was the first bi-metallic coin issued in the UK since the tin farthings with a copper plug in 1692. Due to technical difficulties the new coins were not released by banks until the middle of 1998.
The coin is 12.00 grams in weight, and 28.40 mm diameter, thus maintaining the same diameter as, but weighing less than, the former type. It has a cupro-nickel inner disc and a nickel-brass outer ring, the composition for which is 76% Cu, 20% Zn and 4% Ni.
Proof versions in silver and gold are known. The former has gold layering for the outer ring.
There are twenty-one types:
Issued in 1997 in sets, and now freely available in circulation. They were not
formally issued for circulation until June 1998. The delay was because of production difficulties
which resulted in rejection by coin-operated machines as the metallic bonding
between the two metals was not as consistent as expected.
This is the coin regarding which a rumour circulated a few years ago, namely that £2
coins where the queen is wearing a necklace are rare. This is definitely not
true, although the rumour did cause them to disappear from circulation, and
they are not often seen, and anyway they now form a significant minority
of two pound coins in circulation. A total of 13.73 million were issued,
and uncirculated examples are readily available in 1997 Royal Mint sets.
First issued for circulation in June 1998. Proof and uncirculated copies were previously available in Mint sets. 1999 versions are in circulation, but were not available in the proof or uncirculated sets, which contained the Rugby version. All years from 1998 to 2008 can be found in circulation. The 2009 versions are at present only available in the Royal Mint proof and uncirculated sets.
Issued in 1999. Proof and uncirculated copies are available in Mint sets. About 4.9 million have been put into circulation.
Issued in 2001.
Issued in 2002.
Issued in 2002.
Issued in 2002.
Issued in 2002.
These four designs are rarely seen in circulation, although uncirculated examples
are readily found in Royal Mint sets, as usual. However, they were not present in the
normal 2002 Brilliant Uncirculated set, being issued in a separate folder.
Issued in 2003.
Issued in 2004.
At least one copy is known with an edge inscribed STANDING ON THE SHOULDERS OF GIANTS in error.
Issued in 2005.
Issued in 2005.
Issued in 2006.
Issued in 2006.
Issued in 2007
n.b. there is a subtle difference between coins issued in sets (proof and uncirculated) and those issued for circulation. In the former the designers initials are visible to the right of the 7, and the field is relatively smooth. In the latter the field is rough and the initials are absent.
Issued in 2007.
To be issued in 2008. At present only available in Royal Mint sets
Issued in 2008.
To be issued in 2009. At present only available in Royal Mint sets
To be issued in 2009. At present only available in Royal Mint sets.
To be issued in 2010. At present only available in Royal Mint sets.
The motto STANDING ON THE SHOULDERS OF GIANTS is a quotation of Sir Isaac Newton, who, in a letter, was acknowledging the debt he owed to the work of others who had gone before, saying 'If I have seen further, it is by standing on the shoulders of giants'.
Varieties of the edge inscription are known with missing letters, particularly the I in GIANTS. These are not uncommon. However, a copy of the Gunpowder Plot coin with the wrong edge inscription (i.e. the normal STANDING etc instead of REMEMBER etc) is known and such errors are likely to be very rare.
See my Main Coins Index page for acknowledgements
I am grateful to Phil McLoughlin for the information regarding John Lobban.
Values Index
Values of £1 and £2 coins.
Main Index
Previous page - Decimal One Pound
Next page - Decimal Crowns
Pictures of Decimal Two Pound Coins
Pictures Index
If you wish to ask for advice, feel free to mail me via my Advice page but please do consult me before sending unsolicited scans or other binary files.
I would also be grateful if you could search the site carefully before mailing me - the answers to the great majority of the questions that I am asked can be found on this site.
