Outer: Nickel-brass (76% copper, 4% nickel, 20% zinc)
|Obverse Designer||Ian Rank-Broadley|
|Reverse Designer||The Royal Mint Engraving Team|
|Edge Inscription||I CALL UPON THE YOUTH OF THE WORLD|
To commemorate both the successful bid and the official handover from Beijing to London, The Royal Mint struck a commemorative £2 coin which featured the iconic Olympic Flag and the London 2012 logo on its reverse. Two outstretched hands complete the symbolic status of the coin and lines reminiscent of a running track surround the central design.
The first base metal £2 coin was issued in the United Kingdom in 1986 to commemorate the Thirteenth Commonwealth Games which was 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’s coinage in 1994, it emerged that there was a requirement for a circulating £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 bicolour coin because it would be easily distinguishable from the other coins in circulation. The bimetallic £2 coin was launched on 15 June 1998 and millions were released into circulation.