Royal Mint Unveils Complete List of 5 Rarest £2 Coins – One Valued Over £500
The Royal Mint has recently disclosed the five rarest £2 coins in UK circulation, igniting excitement among coin collectors and enthusiasts.
These coins, distinguished by their limited mintage and unique designs, have become highly sought after, with one fetching over £500 in the collector’s market.
This article delves into each of these rare coins, providing detailed insights into their history, design, and current value.
Detailed Overview of Each Coin
1. Commonwealth Games Northern Ireland (2002)
- Mintage: 485,500
- Estimated Value: Over £500
- Design Highlights: Features the Ulster Banner alongside a victorious athlete, commemorating the 2002 Commonwealth Games held in Manchester.
- Collector’s Note: This coin holds the title of the rarest £2 coin in circulation, making it a prized possession for collectors.
2. Commonwealth Games Wales (2002)
- Mintage: 588,500
- Estimated Value: £300–£400
- Design Highlights: Depicts the Welsh Dragon and an athlete, celebrating Wales’ participation in the 2002 Commonwealth Games.
- Collector’s Note: Its limited release and national symbolism contribute to its high desirability.
3. WW1 Royal Navy Fifth Portrait (2015)
- Mintage: 650,000
- Estimated Value: £250–£350
- Design Highlights: Showcases the HMS Royal Oak, honoring the Royal Navy’s contributions during World War I.
- Collector’s Note: Part of the WWI centenary series, this coin is notable for its historical significance and detailed design.
4. Britannia Fifth Portrait (2015)
- Mintage: 650,000
- Estimated Value: £200–£300
- Design Highlights: Presents a modern interpretation of Britannia, symbolizing Britain’s strength and integrity.
- Collector’s Note: Marks the return of Britannia to circulating coinage, making it a significant piece for collectors.
5. Commonwealth Games England (2002)
- Mintage: 650,000
- Estimated Value: £150–£250
- Design Highlights: Features St. George’s Cross and an athlete, celebrating England’s role in the 2002 Commonwealth Games.
- Collector’s Note: Completes the set of four coins representing the UK’s constituent countries in the 2002 Games series.
The 5 Rarest £2 Coins in UK Circulation
Below is a comprehensive table summarizing the key details of these rare coins:
| Rank | Coin Name | Year | Mintage | Estimated Value | Notable Features |
|---|---|---|---|---|---|
| 1 | Commonwealth Games Northern Ireland | 2002 | 485,500 | £500+ | Ulster Banner, commemorates 2002 Commonwealth Games |
| 2 | Commonwealth Games Wales | 2002 | 588,500 | £300–£400 | Welsh Dragon, part of the 2002 Commonwealth Games series |
| 3 | WW1 Royal Navy Fifth Portrait | 2015 | 650,000 | £250–£350 | HMS Royal Oak depiction, honors Royal Navy’s WWI service |
| 4 | Britannia Fifth Portrait | 2015 | 650,000 | £200–£300 | Modern Britannia design, symbolizes national resilience |
| 5 | Commonwealth Games England | 2002 | 650,000 | £150–£250 | St. George’s Cross, celebrates England’s role in 2002 Games |
Factors Contributing to Rarity and Value
Several elements influence the rarity and value of these £2 coins:
- Limited Mintage: Coins with lower production numbers are inherently rarer and more valuable.
- Historical Significance: Coins commemorating significant events or milestones tend to attract collector interest.
- Design Uniqueness: Distinctive and intricate designs enhance a coin’s appeal.
- Condition: Coins in uncirculated or mint condition fetch higher prices in the market.
The Royal Mint‘s revelation of the five rarest £2 coins underscores the hidden treasures that may reside in everyday change.
Whether you’re a seasoned collector or a curious individual, examining your coins could uncover valuable pieces of British numismatic history.
As these coins continue to appreciate in value, now is an opportune time to explore the fascinating world of coin collecting.
FAQs
How can I determine if I possess one of these rare £2 coins?
Examine the coin’s reverse design and inscriptions to identify the specific commemorative features. Comparing your coin to images and descriptions available on the Royal Mint’s official website or reputable coin collecting resources can aid in identification.
Where can I sell a rare £2 coin?
You can sell rare coins through various channels, including online marketplaces like eBay, specialized coin dealers, or auction houses. It’s advisable to have the coin appraised by a professional to ascertain its value before selling.
Are there other valuable £2 coins besides these five?
Yes, several other £2 coins hold significant value, especially those with minting errors or unique features. For instance, the 2014 Lord Kitchener coin with a missing denomination inscription is considered a ‘mule’ error and can be worth up to £1,000.
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