02 Oct 2014
Prior to the introduction of the bi-metallic £2 into general circulation the Royal Mint issued a number of single-metal, commemorative £2 coins. A listing of these coins, issued from 1986 to 1996, may be found at the following link.
Two Pound Coin Designs
The commemorative £2 coins were issued to mark special occasions rather than for use in general circulation. They are legal tender but contrary to popular belief this does not mean that banks and retailers automatically have to accept them. Indeed you will probably find that most banks and retailers refuse.
It is our understanding, however, that Coin Co International www.coincoplc.co.uk – a private company – is willing to exchange commemorative £2 coins at face value minus a small percentage.