Any bank will accept any Two Pound coin, they are legal tender.
Please check your coin. You possibly refer to the 1986 commemorative Two Pound coin.
The British One Pound coin, as distinct from the "Sovereign" coin, was introduced in 1983 to replace the Bank of England One Pound note. See the link below.
The pound sterling is a coin minted by the Royal Mint. One bank in Scotland issues a One Pound note.
No coin is effected by changes in any other coin. The British Sovereign coinage is unaffected by changes in the exchange rate of the British Pound (GBP).
The 1986 British Two Pound coin is a commemorative coin for the 13th Commonwealth Games held in Scotland. Although coin was issued as a commemorative rather than a general circulation coin, it is still legal tender in the United Kingdom.
All British decimal Two Pound coins are still legal tender. They are worth Two Pounds. If you have a mint uncirculated or Proof coin still in its packaging, you could sell it on eBay or take it to a reputable coin dealer.
A coin collector would pay more than £5 for the coin, if it was uncirculated and in Mint condition, or a Proof coin. However if you were to go into a bank and exchange the coin for other currency, they would only give you the face value of £5's worth.
Originally from the days when the pound coin was introduced, was said around London as there was a good exchange rate.
The Bank of England One Pound was last issued in 1984 and was withdrawn in 1988 after the introduction of the One Pound coin in 1983.
For pocket change a bank or credit union will exchange coin. If they are collectible US coins Florida has a lot of coin dealers.
The Bank of England Five Pound note, as are all Bank of England banknotes, is made from cotton and fibre manufactured under extremely high pressures. It is the Five Pound note that is used in general circulation. The Royal Mint produces a cupro-nickel Five Pound coin as a commemorative. The coin is legal tender but is not intended as a general circulation coin and many businesses will not accept them.
There was no 1977 British One Pound coin minted. The first general circulation One Pound coins was minted in 1983.