The bi-metallic £2 coin is the largest circulating coin denomination of the Pound Sterling. It was introduced in 1998 (earlier two pound coins were made of Nickel brass, were intended as commemorative, and did not circulate much). Being bi-metallic means that the coin comprises two separate components of differing alloys; the outer ring of the coins is made of Nickel-Brass (76% copper, 4% nickel, 20% zinc) and the inner circle is CuproNickel (75% copper, 25% nickel).
The Royal Mint maintains a "definitive" style of the £2 issued annually, as well as a large variety of one-year circulating commemorative types.
In 2017, the mint also started issuing some Non-Circulating Legal Tender (NCLT) £2 coins for collectors. These are included in the annual mint sets, but are not released into general circulation. Their themes celebrate important anniversaries or people, as well as iconic aspects of British culture and history.
This £2 coin commemorates 250 years since the first round-the-world voyage of Captain Cook (1768 - 1771) and is the third and final in a three-coin series issued in three consecutive years.
The voyage was a combined Royal Navy and Royal Society expedition to the south Pacific Ocean aboard HMS Endeavour. It was the first of three Pacific voyages of which Cook was the commander. Departing from Plymouth-Dock (Devonport) in August 1768, the expedition crossed the Atlantic, rounded Cape Horn and reached Tahiti in time to observe the transit of Venus. Cook then set sail into the largely uncharted ocean to the south, stopping at the Pacific islands of Huahine, Borabora and Raiatea to claim them for Great Britain, and unsuccessfully attempting to land at Rurutu.
In September 1769 the expedition reached New Zealand. Cook and his crew spent the following six months charting the New Zealand coast, before resuming their voyage westward across open sea. In April 1770 they became the first Europeans to reach the east coast of Australia, making landfall at Point Hicks, and then proceeding to Botany Bay.
The expedition continued northward along the Australian coastline, narrowly avoiding shipwreck on the Great Barrier Reef. In October 1770 the badly damaged Endeavour came into the port of Batavia in the Dutch East Indies, her crew sworn to secrecy about the lands they had discovered. They resumed their journey on 26 December, rounded the Cape of Good Hope on 13 March 1771, and reached the English port of Deal on 12 July. The voyage lasted almost three years.
The edge inscription of the coin, OCEANI INVESTIGATOR ACERRIMVS means, in Latin, "the most intrepid investigator of the seas)".
These £2 coins were struck in various collector formats but none were issued into general circulation. |