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The British Five pound coins and the 1986 to 1996 unimetallic Two Pound coins were issued as a commemorative coin and, although they are legal tender, were not intended for general circulation. Many businesses are reluctant to accept them.
The Royal Mint advises that -
Each new crown issue is authorised by Royal Proclamation, as required by the Coinage Act of 1971. A crown therefore has legal tender status, but since it is not a circulation coin, most retailers will refuse to accept it. In recognition, however, that some people may wish to exchange a crown piece given or purchased as a souvenir, post offices have agreed to accept crowns in exchange for goods and services.
It is reasonable to expect that this arrangement is extended to the Commemorative Two Pound coin.
What else can I help you with?
Why are there so few Commemorative coins in circulation?
Some commemorative coins such as the Five Pound coins and the early Two Pound coins are not intended for circulation, but as souvenirs of an event of national significance. People tend to keep Commemorative coins because they are Commemorative coins.
What are the pound coins?
The One Pound coin replaced the One Pound note in the British currency in 1983. Pound coins include the One Pound and Two Pound coins, and the Five Pound coin which is issued as a commemorative but is still legal tender.
Where can you sell Five Pound coins?
Although it is legal tender, the British Five Pound coin is not intended to be a circulating coin, but a collectible of a commemorative nature. Many businesses are reluctant to accept the Five Pound coin, but the Post Office has a stated policy of accepting Five pound coins for goods and services.
How many British Two Pound coins have been made?
Including the 1986 to 1996 commemorative Two Pound coins, the Royal Mint advises that 377,859,047 British Two Pound coins have been minted up to and including the 2008 issue.
What is the value of a commemorative British coin?
There were no British commemorative One or Two Pound coins issued in 1993. The coin you possibly refer to is the Five Pound coin commemorating the 40th Anniversary of the Coronation of Queen Elizabeth II (in 1953).
What British Two Pound coins are thicker than other Two Pound coins?
The unimetallic commemorative British Two Pound coins issued from 1986-1996 are heavier and thicker than the later bimetallic Two Pound coins issued from 1997-present. Unimetallic Two Pound coins 28.4mm in diameter 15.98 grams in weight 3.1mm thick Bimetallic Two Pound coins 28.4mm in diameter 12 grams in weight 2.5mm thick
How many Two Pound coins without the silver centre have been struck?
There have been about 25,631,000 nickel/brass "commemorative" Two pound coins issued from 1986 to 1996 inclusive. The bimetal Two Pound coin has only been struck since 1999.
What is highest valued coin?
In the UK we have a commemorative five pound (£5) coin. Five pound coins are legal tender, but are intended as souvenirs and are not usually seen in circulation.
Are the solid two pound coins worth more then the coins with silver centre?
The unimetallic nickel/brass Two Pound coins were issued from 1986 to 1996 as a commemorative coin. They are legal tender and were never intended for circulation, but as a souvenir of the event that they commemorate. The bimetallic copper/zinc/nickel outer ring and copper/nickel centre were issued from 1997 to present as a circulating commemorative coin. Both types of Two Pound coins are worth Two Pounds if they have been circulated. As a collectable coin, there is no great difference in value between the coins of different years.
Where is the best place to purchase commemorative coins?
The best place to purchase Commemorative Coins is the US Mint. You can shop online. They have so many different commemorative coins available, it can be hard to choose which ones to get.
Do banks sell Five Pound coins?
Although the British Five Pound coin is legal tender, it is intended to be a non-circulating commemorative. In their year of issue, they are available from the Royal Mint and can be purchased on line. Subsequently they can be purchased from a coin dealer. Some banks produce a commemorative Five Pound coin, but these are not legal tender and are more of a souvenir.
Australian commemorative coins 1979 Coat of Arms?
There were no Australian commemorative coins issued in 1979. The only Australian decimal coin to have the Coat of Arms on it is the non-commemorative 50 cent coin.
