Great Britain 2 Pounds  1986 to Date
Great Britain 2 Pounds 1986 to Date

Modern minting technology is really something. It can produce truly beautiful artwork in metal, and sometimes in precious metal.

The UK started minting 2 pound coins in 1986 and have made special versions for collectors in gold and silver. The obverses all have Queen Elizabeth II and the reverses have different patterns. All the coins are worth face value (2 pounds, about $3 US dollar) plus a premium. For gold and silver coins, the premium is equal to the current value of these precious metals. Most circulated coins are worth face value (FV) because they are made of non-precious metal and carry zero premium.

worn thru well preserved: FV
fully uncirculated: FV plus $2 US dollars

2 POUNDS BI-METALLIC (copper-nickel and nickel-brass)
worn thru well preserved: FV
fully uncirculated: FV plus $2 US dollars

worn thru well preserved: FV + BV
fully uncirculated: FB + BV + $10

worn thru well preserved: FV + BV
fully uncirculated: FB + BV + $50

To compute the base value (BV) for these coins, multiply their gold or silver content by the current price of these precious metals (look up the price on, it changes every day).

2 POUNDS SILVER: 0.475 troy ounces silver
2 POUNDS GOLD: 0.471 troy ounces gold

So, for instance, a 1986 2 pound gold coin fully uncirculated at today's gold price ($1390 USD per troy ounce) would be worth 3 + 0.471x1390 + 50 = $707 US dollars.

Coin: 14577 , Genre: Colonizers and Colonies
Requested by: Rav, Thu, 16-May-2013 09:27:11 GMT
Answered by: Paul, Thu, 16-May-2013 15:26:05 GMT
Updated by CoinQuest. Appraisal ok., Wed, 17-Dec-2014 03:50:14 GMT
Requester description: 1986 Elizabeth II Dei Gratia Regina F D Two Pounds around the edges of the first side of coin. Queen Elizabeth II in the middle. Second side of coin: Thistle plant with laurel leaves on top of a background with a cross. Date 1986 above the thistle image. Inscription on coin edge reads - XIII Commonwealth Games Scotland 1986 Two Pounds
Tags: great britain 2 pounds pound uk brit brittan brittain england britian britt english britan british brittish punt elizabeth ii dei god gratia regina kingdom two queen second thistle plant laurel leaves leaf cross inscription monogram xiii commonwealth games game scotland elizabith elisabeth elisabet elizabet elizebeth elizibeth lizabeth gods goddess deus deum deity godess devm deo dom divine dios grattia reginam regal regini reginaf kingdoms queens secvndae secvnd planting vegetation plants greenery leafs boughs liafy bush leave leaved bough leafe leafed leafy leavs foliage script letter monograms initial scripts initals calligraphy caligraphy letters inscriptions lettering scrip lettered initials gambling gaming scottish scott crown scroll oval bird flag soccer football circle crowned tiara crowns tiarra crowning tiera scrollwork scrolwork scolled scrolls scrolled oblong elliptic ellipse ovals circled encircle circlet ring circles loops circal encircled circuit ringed circumscibed incircled circel circumference encircles encircling rings circling loop circular circumscribed


many of the current circulated 2 coin years are worth much more than face value ie. 2011 Mary rose and 2002 commonwealth games. To name only two. - ukpete
Some of these modern coins are being traded at multiple times face value. Why? Well, some of them have low mintages. Why do they have low mintages? Because the mints decided to only strike a small amount of those coins in order to drive up demand for them. Issuing commemorative coins is one of the biggest sources of profit for mints. A whole article could easily be written about this. The matter of the fact is that these values are being driven up by speculators who buy them in the hopes that they will increase drastically in value over the years, as well as by the slick marketing and packaging schemes run by the mint. It is very likely that they will not stay where they are for very long, and will drop back down to face value. This is one of the reasons that at CoinQuest, we 'exclude evaluations for modern coins (post 1940)', as stated on our About page. We just make so many exceptions that it's hard to tell! - CoinQuest (Chris)





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