2 Pounds - Elizabeth II (Bank of England; Gold mule) 1994 front 2 Pounds - Elizabeth II (Bank of England; Gold mule) 1994 back
2 Pounds - Elizabeth II (Bank of England; Gold mule) 1994 photo
© Heritage Auctions

2 Pounds - Elizabeth II Bank of England; Gold mule

1994 year
Gold (.9167) 15.98 g 28.4 mm
Description
Issuer
United Kingdom (United Kingdom, British Overseas Territories and Crown Dependencies)
Queen
Elizabeth II (1952-2022)
Type
Non-circulating coin
Year
1994
Value
2 Pounds 2 GBP = USD 2.62
Currency
Pound sterling (decimalized, 1971-date)
Composition
Gold (.9167)
Weight
15.98 g
Diameter
28.4 mm
Shape
Round
Technique
Milled
Orientation
Medal alignment ↑↑
Updated
2024-10-09
References
Numista
N#101487
Rarity index
95%

Reverse

Original corporate seal of the Bank of England with Crown & Cyphers of William III and Mary II dividing dates.

Lettering:
WM
1694 1994
Bank of England

Engraver: Leslie Durbin

Edge

Milled

Comment

The obverse of the 1994 Bank of England issue should have included the denomination "TWO POUNDS" as this was not included in the commemorative reverse. An unknown number of coins were struck and issued in gold using the obverse die that was intended for the Double Sovereign. The Royal Mint wrote to its retail customers inviting them to return the error coins for replacement with the correct design. No details are known as to how many were returned, nor how many exist in the market.

Interesting fact

One interesting fact about this coin is that it features a unique "mule" design, which means that it has the reverse side of a different coin, the 1994 £2 coin, on the obverse side. This was done to commemorate the 50th anniversary of the Bank of England's gold sovereign coin.