This two pound coin was released to mark the 300th anniversary of the founding of the Bank of England. It is appropriate that this momentous occasion was commemorated on one of Britain's most popular coins linking this great institution with the nation's currency.

The reverse engraving features the familiar figure of Britannia. One of the first decisions of the Court of Directors in 1694 was the choice of Britannia "looking on a bank of mony" as the Bank's corporate seal. Britannia had graced halfpennies and farthings for more than twenty years and has been depicted on the coinage of every monarch from Charles II to the present.

At the time of decimalisation, Britannia was chosen to appear on the reverse of the new fifty pence coin, and is the namesake of the United Kingdom's most popular one ounce bullion coin, the Britannia where Philip Nathan's Britannia stands proudly on the reverse of the highest denomination coins in the realm.

So potent a symbol is she and so inextricably linked with the coinage, that she has appeared on every printed banknote issued by the Bank of England. It is entirely fitting, therefore, that in the same guise as she appeared on the Bank's corporate seal she should hold sway on the reverse of the this commemorative £2 coin struck for the Bank's tercentenary.

The motto of William Paterson, "sic vos non vobis", "thus we labour but not for ourselves" is inscribed around the edge of the coin.

Obverse

The obverse of this coin bears Raphael Maklouf's acclaimed third definitive UK coin portrait of the Queen.

Reverse

The engraving on the reverse was created by Leslie Durbin. It reflects the period in which the Bank was founded with the Bank's original corporate seal, the crown and cypher of William and Mary and the words Bank of England in familiar script.

Specification

Metal	Silver
Weight / Size	Piedfort
Silver Weight Troy Ounces	0.95
Fineness / Carat	0.925 Sterling
Date	1994
Obverse Designer	Raphael Maklouf
Reverse Designer	Leslie Durbin
Issuing Monarch	Elizabeth II (1952-2022)
Mint / Brand	The Royal Mint
Country	United Kingdom

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.

Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.

All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.

If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.

Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.

Orders over £60 - Fully Insured Delivery.

Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6.

Orders under £60

Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here.

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products.

Orders under £1500 there is no additional fee.
Orders over £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee.

If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.

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1994 UK Coin £2 Silver Proof Piedfort Bank Of England