Two Pound Coin Designs and Specifications | The Royal Mint

2005 In Victory Magnanimity in Peace Goodwill £2

In Victory Magnanimity in Peace Goodwill

1983 £1

Issued 2005 
Diameter 28.4mm
Weight 12.0g
Thickness 2.5 mm

Outer:  Nickel-Brass (76% copper, 4% nickel, 20% zinc)
Inner:  Cupro-nickel (75% copper, 25% nickel)

Obverse Designers Ian Rank-Broadley
Reverse Designer Bob Elderton
Edge Milled
Edge Inscription  In Victory Magnanimity in Peace Goodwill
Mintage  10,191,000*

About This Design

The design depicts St Paul's Cathedral illuminated by searchlights and the value 'TWO POUNDS' above and the dates 1945-2005 below.

The Second World War brought devastation to British cities, but while London burned St Paul’s miraculously escaped destruction, its Dome according to The Times seeming to ‘ride the sea of fire like a great ship’. Serene and comparatively unscathed amid a city in flames, the great cathedral survived to become a symbol of hope to a beleaguered nation. And it was this image of St Paul’s cathedral during the blitz that had such an impact on Robert Elderton as he undertook his research for a suitable reverse for the new two-pound coin celebrating the coming of peace in 1945: ‘Its survival during the fire bombing of London seemed such an iconic image. The coin more or less designed itself when I came across the image of St Paul’s lit up with the search beams in the shape of a V for Victory. A lot of credit should go to Sir Christopher Wren and the searchlight operators!’. Robert Elderton may jest but he has ensured that the spectacular architecture of St Paul’s Cathedral has been faithfully reproduced to make a beautifully composed and very fitting image for this celebratory coin.

History Of The £2

The first base metal £2 coin was issued in the United Kingdom in 1986 to commemorate the Thirteenth Commonwealth Games which that year were held in Scotland. Commemorative £2 coins continued to be issued in single colour nickel-brass for special occasions. After a review of the United Kingdom coinage in 1994, it emerged that there was a requirement for a general circulation £2 coin. A consultation process took place with the vending machine industry, members of the public and special interest groups such as the RNIB and Age Concern. The consensus of opinion from the consultation favoured a bi-colour coin because it would be easily distinguishable from the other coins in circulation. The bi-metallic £2 coin was eventually launched on 15 June 1998 and millions were released into circulation.