Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The one ounce (1 oz) silver coins are denominated as either two pounds (£2) or five pounds (£5), depending on the occasion.
Initially, these were only of the Britannia type, but in 2015 the Royal Mint started to use the format for coins with other types of reverse designs, celebrating various aspects of British heritage.
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.
This silver one-ounce commemorative coin denominated as £2 marks 120 years since the publication of Peter Rabbit.
The mint says:
Bounding his way across a series of UK £5 coins, the mischievous Peter Rabbit returns in 2022 as we mark 120 years since the first publication of Beatrix Potter’s The Tale of Peter Rabbit. What started as an illustrated letter to a child has now become one of the most cherished children’s tales from the twentieth century. Peter Rabbit first captured imaginations through his mischievous antics in 1902 and his popularity still endures amongst little ones discovering The Tale of Peter Rabbit for the first time. The boisterous bunny has also left an indelible mark on the imaginations of older generations - not to mention Mr. McGregor’s garden!
Perfect for fans of Beatrix Potter’s tales, this coin is a wonderful gift to start a child’s journey into the world of collecting or as a thoughtful keepsake for those who continue to cherish the stories of Beatrix Potter into adulthood. The coin’s beautifully crafted reverse design is based on a charming illustration of the rabbit that was originally created by the story’s multi-talented author. Available as a gold Proof, silver Proof and Brilliant Uncirculated edition, alongside a limited-edition Peter Rabbit 2022 Minty piggy bank, the range continues Peter Rabbit’s journey on UK coins and has been produced in partnership with The World of Peter Rabbit. | 
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