Two Pounds 1994 Bank of England, Coin from United Kingdom - detailed information

Two Pounds 1994 Bank of England, Coin from United Kingdom
CoinTwo Pounds 1994 Bank of England

The £2 coins in base metal (as opposed to the gold double sovereign, which has a nominal face value of one pound too), nickel-brass, were introduced in 1986. They were modelled on the gold issues, having the same weight and diameter, although thicker - since gold is heavier than base metal. It is not uncommon for people to think they have found a gold coin in their change; however, a true gold coin would be struck in a proof finish and would have a more coppery colour.

The entire series of seven different designs in five different years were all commemorative coins, produced largely to appeal to collectors. All are available in different metals versions (nickel-brass, silver and gold). Due to their low mintage, these coins are collected and kept by the public and do not circulate in any realistic manner.

This coin commemorates the Tercentenary (300th anniversary) of the Bank of England. The design was created by Leslie Durbin.

In style, the reverse of this handsome coin reflects the period in which the Bank was founded. At the centre sits Britannia looking on a "Bank of Money" just as she appeared on the Bank‘s original corporate seal, with the crown and cypher of William and Mary above and the name "Bank of England" in familiar banknote script below.

After 1996, the bi-metallic Technology type £2 coin was issued, and all later £2 coins have been bi-metallic. Even though this coin type was superseded by the modern bi-metallic format, these coins are still legal tender.

MintRoyal Mint Mint MarkNo mint mark Total Mintage1,687,808 (1.7 million)
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Obverse
United Kingdom / Two Pounds 1994 Bank of England - obverse photo

The obverse of the coin shows the crowned bust of Queen Elizabeth II, facing right (her effigy known as the "Third Portrait"). The Queen is wearing the royal diadem which she wears on her way to and from the State Opening of Parliament, a pearl necklace and earrings.

Incuse in tiny letters on the neck truncation, the designer's initials RDM (for Raphael David Maklouf).

Around, the monarch's legend: ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·. Translated from Latin: Elizabeth the Second, by the Grace of God, Queen, Defender of the Faith.

Note that the value and denomination, · TWO POUNDS ·, are on the obverse.

Obverse Inscription ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Reverse
United Kingdom / Two Pounds 1994 Bank of England - reverse photo

At centre, the original Corporate Seal of the Bank of England featuring the symbolic figure of Britannia, seated, right hand holding a spear and resting on a shield carrying the cross of the flag of England (note: not the flag of the United Kingdom, which also includes the cross of St Andrew for Scotland, as depicted on modern coins), left hand extended and holding an olive branch, looking on "a pile of money". The figure of Britannia had appeared on the coins (farthings and half pennies) of Charles II and symbolises the power and might of Great Britain.

Above Britannia, Royal Cypher of "W&M" (interlaced letters W and M representing King William III and Queen Mary II); above that, the Imperial Crown. To left and right, four representations of coins (with shield and cross visible, as on earlier English coinage).

To the left of the Seal, the year when the Bank was founded, 1694; to the right, the date of issue 1994; around below, Bank of England in the cursive script familiar from British banknotes.

Reverse Inscription 1694 1994 Bank of England
EdgeMilled and inscribed (incuse lettering)Edge InscriptionSIC VOS NON VOBIS
Notes

The Royal Charter creating the Bank of England was granted by King William and Queen Mary on 27 July 1694 and the Bank opened for business shortly afterwards.

The edge inscription SIC VOS NON VOBIS were the words Vergil wrote on the wall when Bathyllus, another poet, had plagiarized his work. It can be translated as "Thus you labour but not for yourselves". It was adopted as a motto by William Paterson, an entrepreneur closely associated with the establishment of the Bank.

Two Pounds 1994 Bank of England: Known varieties
Variety Brilliant Uncirculated in presentation folder
Images United Kingdom / Two Pounds 1994 Bank of England / Brilliant Uncirculated in presentation folder - obverse photo United Kingdom / Two Pounds 1994 Bank of England / Brilliant Uncirculated in presentation folder - reverse photo
Mintage Issued: unknown
Variety In mint sets
Mintage Issued: 177,971 (included in total)
In Set 1994 United Kingdom Brilliant Uncirculated Coin Collection, mintage 177,971
8 coins: £2 Bank of England, £1 Scottish Lion, 50p D-Day, 20p, 10p, 5p, 2p, 1p
- variety: 1994 United Kingdom Brilliant Uncirculated Coin Collection (Baby Gift Set), mintage unknown (included in the above set)
Variety Proof FDC
Mintage Issued: 66,721 (included in total)
In Set 1994 United Kingdom Proof Coin Collection, mintage 44,643
8 coins: £2 Bank of England, £1 Scottish Lion, 50p D-Day, 20p, 10p, 5p, 2p, 1p
- variety: 1994 United Kingdom Proof Coin Collection (deluxe), mintage 22,078 (not included in the above set)
Variety Silver Proof FDC
Mintage Issued: 27,957
Material0.925 Silver
Details

Diameter 28.40 mm, 15.98 g of sterling silver (92.50%), ASW 0.4752 oz

Variety Silver Proof Piedfort
Mintage Issued: 9,569
Material0.925 Silver
Details

Diameter 28.40 mm, 31.96 g of sterling silver (92.50%), ASW 0.9505 oz.

Variety Gold Proof FDC
Images United Kingdom / Two Pounds 1994 Bank of England / Gold Proof FDC - reverse photo
Mintage Issued: 1,000
Material0.917 Gold
Details

Diameter 28.40 mm, 15.98 g of 22-carat gold (91.66%), AGW 0.4707 oz.

There seems to have been an understanding that the gold versions of these coins represent a double sovereign (hence the same parameters), and they are referred to as such in some sources; this is also confirmed by the fact that the Royal Mint issued no St. George type double sovereigns in the years when these coins were issued.

Variety Gold Proof mule with Double Sovereign obverse
Images United Kingdom / Two Pounds 1994 Bank of England / Gold Proof mule with Double Sovereign obverse - obverse photo United Kingdom / Two Pounds 1994 Bank of England / Gold Proof mule with Double Sovereign obverse - reverse photo
Mintage Issued: 300 (included in total)
Material0.917 Gold
Details

An estimated 300 of the 1,000 gold proofs were struck in error using the obverse die for the Double Sovereign. On it, the Queen's portrait is larger, the legend is abbreviated as on the Sovereign coinage (ELIZABETH II DEI · GRA · REG · F · D), and the value and denomination are not displayed.

Two Pounds 1994 Bank of England: References to Information Used
SourceEditionAboutLinkNotes
Royal Mint Mintage link Circulation mintage
Collectors Coins Great Britain Mintage
All (71) coins of type: Two Pounds
Coin NameMintageEffigyLegend
Two Pounds 1986 XIII Commonwealth Games 8,484,005 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1989 Bill of Rights (English) 4,541,704 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1989 Claim of Right (Scottish) 455,704 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1994 Bank of England 1,687,808 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1995 WW2 5,166,286 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1995 United Nations 1,750,000 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1996 Football 5,312,555 Queen Elizabeth II - Third Portrait ELIZABETH · II · DEI · GRATIA · REGINA · F · D · TWO POUNDS ·
Two Pounds 1997 Technology 13,924,930 Queen Elizabeth II - Third Portrait + ELIZABETH · II · DEI · GRATIA · REGINA · F · D
Two Pounds 1998 Technology 91,270,237 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 1999 Technology 33,719,000 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 1999 Rugby World Cup 5,149,840 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2000 Technology 25,960,219 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2001 Technology 35,091,863 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2001 Marconi 4,665,113 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2002 Technology 13,146,059 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2002 Commonwealth Games - England 702,694 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2002 Commonwealth Games - Scotland 823,944 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2002 Commonwealth Games - Wales 640,694 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2002 Commonwealth Games - Northern Ireland 537,694 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2003 Technology 17,687,762 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2003 DNA 4,497,080 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2004 Technology 12,101,137 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2004 Trevithick 5,195,399 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2005 Technology 3,959,513 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2005 Gunpowder Plot 5,274,807 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2005 World War II 10,244,686 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2006 Technology 16,752,689 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2006 Brunel - Portrait 8,120,612 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2006 Brunel - Achievements 7,602,742 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2007 Technology 10,308,215 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2007 Act of Union 7,683,956 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2007 Slave Trade 8,583,781 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2008 Technology 30,222,451 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2008 London Olympic Games 1908 1,112,171 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2008 Olympic Games Handover 965,765 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2009 Technology 8,915,770 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2009 Burns 3,513,993 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · 2009 ·
Two Pounds 2009 Darwin 4,163,483 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2010 Technology 6,920,844 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2010 Florence Nightingale 6,279,004 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · 2010 ·
Two Pounds 2011 Technology 24,404,004 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2011 King James Bible 1,060,242 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2011 Mary Rose 1,121,987 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · 2011 ·
Two Pounds 2012 Technology 3,900,000 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2012 Charles Dickens 8,237,838 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS · 2012
Two Pounds 2012 Olympic Games Handover 873,356 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS · 2012
Two Pounds 2013 Technology 15,907,187 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2013 Anniversary of the Guinea 3,032,422 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2013 London Underground - The Roundel 1,612,979 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2013 London Underground - The Train 1,744,079 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2014 Technology 18,200,000 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2014 Trinity House 3,743,510 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2014 WW1 - Outbreak 5,798,836 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2015 Technology 35,405,820 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · DEI · GRA · REG · FID · DEF ·
Two Pounds 2015 Magna Carta (Fourth Portrait, in sets only) 66,636 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS · 2015
Two Pounds 2015 Royal Navy (Fourth Portrait, in sets only) 72,827 Queen Elizabeth II - Fourth Portrait ELIZABETH · II · D · G · REG · FID · DEF · TWO POUNDS ·
Two Pounds 2015 Magna Carta (Fifth Portrait) 1,495,000 Queen Elizabeth II - Fifth Portrait ELIZABETH · II · D · G · REG · F · D · TWO POUNDS · 2015
Two Pounds 2015 Royal Navy (Fifth Portrait) 650,000 Queen Elizabeth II - Fifth Portrait ELIZABETH · II · D · G · REG · F · D · 2 POUNDS ·
Two Pounds 2015 Britannia 675,285 Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2015 ·
Two Pounds 2016 Britannia 2,925,000 Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2016 ·
Two Pounds 2016 Army 9,605,341 Queen Elizabeth II - Fifth Portrait ELIZABETH · II · D · G · REG · F · D · 2 POUNDS ·
Two Pounds 2016 Shakespeare - Histories 5,719,676 Queen Elizabeth II - Fifth Portrait ELIZABETH · II · D · G · REG · F · D · 2 POUNDS ·
Two Pounds 2016 Shakespeare - Comedies 4,416,835 Queen Elizabeth II - Fifth Portrait ELIZABETH · II · D · G · REG · F · D · 2 POUNDS ·
Two Pounds 2016 Shakespeare - Tragedies 4,679,885 Queen Elizabeth II - Fifth Portrait ELIZABETH · II · D · G · REG · F · D · 2 POUNDS ·
Two Pounds 2016 Great Fire of London 1,689,347 Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REGINA · FID · DEF ·
Two Pounds 2017 Britannia (mint sets only) 51,656 Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2017 ·
Two Pounds 2018 Britannia (mint sets only) 33,086 Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2018 ·
Two Pounds 2019 Britannia (mint sets only) unknown Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2019 ·
Two Pounds 2020 Britannia (mint sets only) unknown Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2020 ·
Two Pounds 2021 Britannia (mint sets only) unknown Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2021 ·
Two Pounds 2022 Britannia (mint sets only) unknown Queen Elizabeth II - Fifth Portrait ELIZABETH II · DEI · GRA · REG · FID · DEF · 2022 ·
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Two Pounds 1994 Bank of England: Details
CountryUnited Kingdom
CurrencyPound Sterling
Coin TypeTwo Pounds, Nickel-Brass
Issued1994
MonarchQueen Elizabeth II
EffigyQueen Elizabeth II - Third Portrait, by Raphael Maklouf
ReverseBritannia, Seated
Face Value2 (x Pound)
Circulation Mintage1,443,116 (1.4 million)
Total Mintage1,687,808 (1.7 million)
CurrentYes
MaterialNickel-Brass
DesignerLeslie Durbin
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size28.400 mm
Mass15.976 g
OCC IDPNXY-DENZ-CQQZ-EVRB
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Two Pounds 1994 Bank of England: Photos
ImageDetails
1994 UK Coin £2 BU Bank Of England
Copyright: Chards
Notes: Brilliant Uncirculated.
Source
1994 UK Coin £2 BU Bank Of England
Copyright: Chards
Notes: Brilliant Uncirculated.
Source
1994 UK Coin £2 BU Bank Of England
Copyright: Chards
Notes: Brilliant Uncirculated - folder.
Source
1994 proof Two-Pounds Bank of England Anniversary error mule
Copyright: Chards
Source
Two Pounds 1994 Bank of England: Catalogue Reference IDs
SourceReference ID
Spink, Coins of England and the United KingdomK4 (was 4314), K4A (mule with sovereign)
Krause, Standard Catalog of World CoinsGreat Britain KM# 968
Krause, Standard Catalog of World CoinsGreat Britain KM# 968a (Silver)
Krause, Standard Catalog of World CoinsGreat Britain KM# P19 (Silver Piedfort)
Krause, Standard Catalog of World CoinsGreat Britain KM# 968b (Gold)
Krause, Standard Catalog of World CoinsGreat Britain KM# 1012 (Gold, mule with Sovereign)