The Rarest £2 Coins in the UK

The History of the £2 Coin

The journey of the £2 coin began in 1986, when the first single-coloured nickel-brass coin was issued as a commemorative piece.

It wasn’t until 1997 that the bi-metallic £2 coin we know today was introduced into general circulation. This new design became an instant hit, not only for its practical use but also for its intricate and creative designs.

Over the years, these coins have celebrated everything from sporting achievements to historical milestones, becoming a true collector’s item.

What Makes a Coin Rare?

Several factors contribute to the rarity of a £2 coin.

The most important is mintage, or how many coins were produced

Coins with low mintage numbers are harder to find and, therefore, more valuable to collectors.

Additionally, unique or highly detailed designs, historical relevance, and errors in production can make certain coins even more desirable. Finally, some coins gain their rarity status because they commemorate significant events, linking them to British culture and history.

Top 10 Rarest £2 Coins

1. Commonwealth Games, Northern Ireland 2002

Mintage: 485,500

The Commonwealth Games Northern Ireland £2 coin, with a mintage of only 485,500, tops the list as the rarest £2 coin ever produced. Its design features the Ulster Banner alongside a victorious figure holding a banner, symbolising triumph and celebration.

The coin was part of a set created to mark the 2002 Commonwealth Games held in Manchester. Its scarcity, coupled with its connection to a significant sporting event, has made it highly coveted by both numismatists and sporting enthusiasts.

2. Commonwealth Games, Wales 2002

Mintage: 588,500

Next on the list is the Commonwealth Games Wales £2 coin, with a slightly higher mintage of 588,500. The design includes a dynamic figure holding a banner featuring the Welsh flag.

As part of the Commonwealth Games collection, this coin highlights the importance of Welsh contributions to British sport. Its relative scarcity ensures it remains a prized possession for collectors.

3. WW1 Royal Navy Fifth Portrait 2015

Mintage: 650,000

The WW1 Royal Navy £2 coin is another standout, with a mintage of just 650,000. Designed by David Rowlands, this coin commemorates the centenary of the First World War and honors the Royal Navy’s critical role in the conflict. Its reverse features HMS Royal Oak, a battleship that played a vital role during the war.

The edge inscription, “THE SURE SHIELD OF BRITAIN,” emphasises the strength and resilience of the nation during one of its most challenging periods. This coin is a perfect blend of history and artistry, making it a collector’s favourite.

4. Britannia Fifth Portrait 2015

Mintage: 650,000

The 2015 Britannia £2 coin, also with a mintage of 650,000, represents a modern take on the iconic symbol of Britannia, created by Antony Dufort. Britannia has been a symbol of British strength and unity for over 300 years, and this design brought her back to circulation after an 18-year hiatus. Its artistic merit and low production numbers make it highly sought after.

5. Commonwealth Games, England 2002

Mintage: 650,000

The Commonwealth Games England £2 coin, with a mintage of 650,000, showcases Saint George’s Cross alongside a figure in motion. Part of the same collection as the Northern Ireland and Wales coins, this edition celebrates English achievements in sport. Its design is simple yet impactful, resonating with collectors who value its historical context.

6. Commonwealth Games, Scotland 2002

Mintage: 771,750

With a slightly higher mintage of 771,750, the Commonwealth Games Scotland £2 coin celebrates Scotland’s rich sporting history. The reverse design features a figure holding a banner with the Scottish flag, representing the unity and spirit of the games. As part of the broader Commonwealth series, it remains a favourite among collectors.

7. Olympic Games Handover 2012

Mintage: 845,000

The Olympic Games Handover 2012 £2 coin, with a mintage of 845,000, commemorates the transition of the Olympic Games from London to Rio de Janeiro. Designed by Jonathan Olliffe, the coin depicts a baton being passed between two hands, symbolising the unity and continuity of the games. The flags of the UK and Brazil are also featured, further cementing its global significance.

8. Olympic Games Handover 2008

Mintage: 910,000

Another Olympic-themed coin, the Olympic Games Handover 2008 £2 coin, had a mintage of 918,000. This coin marks the passing of the Olympic flag from Beijing to London, symbolising the transition of the Games to the UK. The edge inscription, “I CALL UPON THE YOUTH OF THE WORLD,” reflects the universal spirit of the Olympics.

9. Olympic Games 2008

Mintage: 918,000

The Olympic Games 2008 £2 coin, with a mintage of 910,000, celebrates the centenary of the 1908 London Olympics. Designed by Thomas T. Docherty, the reverse features a running track with the years 1908 and 2008 displayed. This coin’s historical ties to the Olympics make it a standout for collectors.

10. Tenth European Championship 1996

Designed by John Mills

The Tenth European Championship £2 coin, though not part of general circulation, holds historical significance as it commemorates the 1996 European Football Championship.

Its design, featuring a stylised football surrounded by rings, is simple yet memorable, making it a must-have for sports fans and collectors alike.

Honourable Mentions: Historical Commemorative Coins

Beyond the coins mentioned above, several other historical £2 coins deserve recognition

The XIII Commonwealth Games Scotland 1986, for instance, celebrates an earlier sporting event and features a design by Norman Sillman.

Similarly, the 50th Anniversary of the United Nations 1995 £2 coin honours half a century of peacekeeping efforts with a stunning pattern of flags.

Why Collect Rare £2 Coins?

The Artistic Appeal

Each £2 coin is a miniature work of art, often designed by some of the most talented artists and sculptors in the UK. The intricate details and thoughtful symbolism make these coins much more than currency – they’re masterpieces.

The Historical Significance

Rare £2 coins often commemorate pivotal moments in history, from sporting achievements to military milestones. Owning one is like holding a piece of history in your hand.

How to Start Your £2 Coin Collection

Tips for Beginners

Starting a coin collection doesn’t have to be intimidating. Begin by checking your everyday change for unique designs or low-mintage coins. Research is key – learn about the mintage and historical context of each coin you find.

Where to Find Rare Coins

Rare coins can be found in various places, including online marketplaces, coin dealers, and auctions. Keep an eye out for reputable sellers to ensure you’re purchasing genuine items.

Conclusion

The UK £2 coin is far more than just a means of exchange – it’s a celebration of art, history, and national pride. Whether you’re a seasoned collector or just starting out, these coins offer a unique glimpse into the stories and achievements that shape the nation. With a bit of research and luck, you might find a hidden treasure in your pocket.