300th Anniversary of the Bank of England

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Specifications

Issued 1994
Diameter 28.4mm
Weight 15.97g
Composition Nickel-brass (70% copper, 24.5% zinc, 5.5% nickel)
Obverse Raphael Maklouf
Reverse Leslie Durbin
Edge SIC VOS NON VOBIS
Inscription 1694, 1994, Bank of England
Mintage 1,443,116
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Design details:

Prior to the introduction of the bi-metallic 2 into general circulation the Royal Mint issued a number of nickel-brass, commemorative 2 coins.
The commemorative 2 coins were issued to mark special occasions rather than for use in general circulation. They are legal tender but contrary to popular belief this does not mean that banks and retailers automatically have to accept them.

When William and Mary came to the throne, public finances were weak and the system of money and credit were in disarray. The Bank of England was founded in 1694 to act as the Government's banker and debt manager, and its position as the centre of the UK's financial system is maintained to this day. This commemorative 2 was issued in 1994 to mark its 300th anniversary. The reverse design features the original Corporate Seal of the Bank of England and distinctive Cypher of William and Mary.

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