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.

2 POUNDS NICKEL BRASS
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

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

2 POUNDS GOLD
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 kitco.com, 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 a gold price of $2000 USD per troy ounce would be worth 3 + 0.471x2000 + 50 = $995 US dollars.
cqLastNotify