Two Pound Coin Designs and Specifications | The Royal Mint

2012 Handover to Rio £2

Celebrating the Olympic Handover from London 2012 to Rio 2016

1983 £1

Issued 2012 
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 Jonathan Olliffe
Edge Milled
Mintage  845,000* 

About This Design

At the Closing Ceremony of the London 2012 Olympic Games, the world watched as London handed over the mantle to the next Host City, Rio de Janeiro. 

This, the final coin in The Royal Mint’s London 2012 Coin programme, celebrated the milestone with an evocative design by Jonathan Olliffe.

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.