Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The two ounce (2 oz) gold coins are denominated as Two Hundred Pounds (£200).
The coins are legal tender but are not intended for circulation. They are targeted at bullion investors or collectors who appreciate the special editions as pieces of art. The coins are typically "one-year" types usually issued in parallel with smaller denominations with the same reverse designs.
This gold one-ounce commemorative coin is part of the extensive James Bond Collection issued by the Royal Mint in 2020.
The James Bond series focuses on a fictional British Secret Service agent created in 1953 by writer Ian Fleming, who featured him in twelve novels and two short-story collections. Since Fleming's death in 1964, eight other authors have written authorised Bond novels or novelisations. The character - also known by his code number 007 - has also been adapted for television, radio, comic strip, video games and film.
The reverse design of the coin is a collaboration between Matt Dent and Christian Davies; this is the first Royal Mint commission for Christian Davies, while Matt Dent has completed several commissions including the 2012 Charles Dickens £2 coin, the 2011 World Wildlife Fund 50p coin and the suite of reverse designs for the definitive circulating coins from the 1p to the £1, released in 2008.
Within the James Bond Collection, this coin is the second part of a three-coin series with complementing designs which, put next to each other, make up the 007 logo. The two-ounce coin is part of the "Inspired Innovation" selection, differing from the other sizes in the enhanced strike which can be seen in the "007" element of the design: the textured finish is replaced with a micro-engraved repeating list of the Bond movie titles.