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The coin was released on 15 June 1998 (coins minted 1997) after a review of the United Kingdom's coinage decided that a general-circulation £2 coin was needed. [1] The new bi-metallic coin design replaced a series of commemorative, uni-metallic coins which were issued between 1986 and 1996 to celebrate special occasions.
Crowns, £5 coins and (until 1996) £2 coins are non-circulating, although they are still legal tender. These denominations are only used for commemoratives. During the decimal era, crowns were converted to twenty-five pence. 50p and £2 coins made after 1996 circulate normally and can be found in change. Usually about 5 million of each of ...
1986 Commonwealth Games boycotting countries dark red. Thirty two of the eligible fifty nine countries (largely African, Asian and Caribbean states) boycotted the event because of the Thatcher government's policy of keeping Britain's sporting links with apartheid South Africa in preference to participating in the general sporting boycott of that country and the American-led boycott of the 1980 ...
The need for a £2 coin emerged after a review of UK coinage in 1994. A consultation process took place and opinion favoured a two-coloured coin, which would be easily distinguishable from others ...
Commemorative £2 coins have been regularly issued since 1999, alongside the standard-issue bi-metallic coins which were introduced in 1997. One or two designs have been minted each year, with the exception of none in 2000, and four regional 2002 issues marking the 2002 Commonwealth Games in Manchester.
No double sovereigns were issued in 1986, 1994, 1995, 1997, 1999 or 2001, years in which the coin's place in the gold proof set was taken by a gold version of a commemorative £2 piece issued that year. In 1989, the usual designs were replaced with a commemorative evoking the design of the original English sovereign of 1489, by Bernard Sindall.