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 design is the eighth release in a Royal Mint series dedicated to the history of British monarchy and the monarchs of England, Great Britain and the United Kingdom, and features King George II (1727 - 1760).
The Royal Mint says about it:
The British Monarchs Collection continues with a coin celebrating George II and is the latest release for the House of Hanover. George II became the second monarch from the House of Hanover when he acceded to the throne in 1727. He was king during a crucial point in British history. The reverse design of this commemorative coin represents the George II coinage portrait originally designed by John Croker, which first appeared on a five-guinea piece. | 
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