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Your question actually refers to the £2 coin, and the answer is no. Here's an extract from Clayton's, an excellent British coin site:

There have been rumours circulating in the UK that the two pound coin where the queen is wearing a necklace is worth a lot (the highest figure quoted to me is £75). There have even been rumours that they are being recalled and that banks and post offices will give a premium for them. This is an urban legend. 1997 two pound coins are plentiful, circulate readily, and are NOT scarce. Sorry to disappoint you on this. Banks and post offices will only give you two pounds for them. No less than 13,734,625 have been issued for circulation according to the Royal Mint. Hardly a rare coin. However, they are not too often seen as not only are much larger numbers of later coins available, but because of the rumours they have been picked out of circulation. There was a problem in the production of the new bimetallic two pound coins which meant that the release date was delayed from 1997 to 1998. In the meantime the portrait was changed for the newer coins minted in 1998. They issued the 1997 coins (with the 'necklace') anyway, in large quantities. They are not worth more than two pounds, nor will they be unless in uncirculated condition in a lot of years time (as will the 1998, 1999, etc coins)

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17y ago

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