Coin
2 Pounds - Elizabeth II Bank of England; Gold (1994) — United Kingdom
United Kingdom • 1994 • KM# 968b, Sp# K4
Overview
A 1994 gold Proof 2 Pounds coin of the United Kingdom, commemorating the 300th anniversary of the Bank of England. The obverse features the third crowned portrait of Queen Elizabeth II designed by Raphael David Maklouf, while the reverse displays the original corporate seal of the Bank of England with the Cyphers of William III and Mary II by Leslie Durbin. Struck in .9167 gold with a highly limited mintage of 1,000 pieces. Struck as Proof.
Specifications
- Country
- United Kingdom
- Year
- 1994
- Composition
- Gold (.9167)
- Weight
- 15.98 g
- Diameter
- 28.4 mm
- Mint
- Royal Mint, Llantrisant, United Kingdom (1968-date)
- Shape
- Round
- Technique
- Milled
- References
- KM# 968b, Sp# K4
- Issuer
- United Kingdom
Design details
Obverse
Third crowned portrait of Queen Elizabeth II right, wearing the George IV State Diadem, legend around. Script: Latin Lettering: ELIZABETH·II·DEI·GRATIA·REGINA·F·D RDM · TWO POUNDS · Unabridged legend: Elizabeth II Dei Gratia Regina Fidei Defensatrix Translation: Elizabeth II by the Grace of God Queen Defender of the Faith Engraver: Raphael David Maklouf
Reverse
Original corporate seal of the Bank of England with Crown & Cyphers of William III and Mary II dividing dates. Script: Latin (cursive) Lettering: WM 1694 1994 Bank of England Engraver: Leslie Durbin
Collector insights
- Design heritage: Raphael David Maklouf, Leslie Durbin is credited as the designer for the Non-circulating coins series. Designer attribution helps distinguish this issue from later restrikes or unofficial copies that reuse only the motif.
- Struck at: Royal Mint, Llantrisant, United Kingdom (1968-date). Confirm the mintmark on your example before comparing prices — same-year issues from different mints often trade at very different levels.
- Low mintage: Only 1,000 pieces reported. This puts the issue into key-date territory for its series; expect steep grade-based price scaling and a higher counterfeit risk — provenance and third-party grading matter.
- Gold issue: Gold (.9167) — bullion demand competes with numismatic demand. Weight and fineness (not just face value) drive the melt-value floor.
- Catalogue reference: Listed as
KM# 968b, Sp# K4. Use this reference code when cross-checking auction archives, dealer inventories, and standard printed catalogues.
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Explore more
Browse more items in the full catalog or view United Kingdom in the country guide.