2 Pounds - Elizabeth II 4th portrait; 1 oz Fine Silver (2003) — United Kingdom

Overview

A Silver (.958) 2 Pounds Proof coin from United Kingdom, minted in 2003 by the Royal Mint. The obverse features the fourth crowned portrait of Queen Elizabeth II facing right, designed by Ian Rank-Broadley. The reverse displays the helmeted head of Britannia facing left, designed by Philip Nathan. It has a reeded edge, weighs 32.45 grams, and measures 40 mm in diameter. This proof strike had a limited mintage of 5,685 pieces.

Specifications

Country

United Kingdom

Year

2003

Composition

Silver (.958)

Weight

32.45 g

Diameter

40 mm

Mint

Royal Mint, Llantrisant, United Kingdom (1968-date)

Shape

Round

Technique

Milled

References

KM# 1039, Sp# BSF5

Issuer

United Kingdom

Design details

Collector insights

• Design heritage: Ian Rank-Broadley, Philip Nathan 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 5,685 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.
• Precious metal content: Silver (.958) — bullion value provides a price floor, and many circulated examples were melted during the 1979–1980 and post-2010 silver spikes, reducing the surviving population.
• Catalogue reference: Listed as KM# 1039, Sp# BSF5. Use this reference code when cross-checking auction archives, dealer inventories, and standard printed catalogues.

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