• 1994 UK Coin £2 Gold Proof Bank Of England Mule reverse
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule obverse
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule in box
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule with cert
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule reverse
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule obverse
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule in box
  • 1994 UK Coin £2 Gold Proof Bank Of England Mule with cert
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1994 UK Coin £2 Gold Proof Bank Of England Mule

A fantastic opportunity to buy the 1994 Bank of England Gold Proof £2 Coin - MULE

Mints are like any other factory, and make errors from time to time.

In 1994, the Royal Mint issued a 22 carat gold proof version of the £2 commemorative coin for the 300th anniversary of the Bank of England. The wrong obverse (head side) die was used when production commenced; the die used on this coin was the one for the double sovereign. We do not know how many had been produced when the error was discovered, it may have been the entire 1,000 piece issue limit. Certainly a few hundred pieces had been despatched to customers before the error was found.

View all 1994 Bank of England £2 Coins.


(VAT Exempt)
Totals are approximate until metal prices are confirmed on the next LBMA fix.

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Bank of England

One of the first decisions of the Court of Directors in 1694 was the choice of Britannia "looking on a bank of mony" as the Bank's corporate seal. By that time she had assumed her place on the coinage, having graced halfpennies and farthings for more than twenty years and she has been depicted on the coinage of every monarch since Charles II. She was not forgotten at the time of decimalisation when she was chosen to appear on the reverse of the new fifty pence coin and Britain's favourite modern bullion coin, the Britannia; Philip Nathan's Britannia stands proudly on the reverse of the highest denomination coins in the realm. So potent a symbol is she and so inextricably linked with the coinage, that she has appeared on every printed banknote issued by the Bank of England. It is entirely fitting, therefore, that in the same guise as she appeared on the Bank's corporate seal she should hold sway on the reverse of the commemorative £2 coin struck for the Bank's tercentenary.

Pound Sterling

The gold proof pound sterling coin is British legal tender and is exempt from capital gains tax. This coin has the added collectability value of being a mule coin - an error which occurred when incorrect dies were paired to strike a coin.


The obverse (head side) is the third major portrait of Queen Elizabeth II, designed by Ralph David Maklouf, FRSA. It came into use in 1985 and continued until 1997 inclusive, a total of thirteen years.

The obverse inscription reads:


It omits the wording "TWO POUNDS" which should have been under the portrait.
On the error coin, the portrait is also much larger than on the normal version.


The engraving on the reverse was created by Leslie Durbin. It reflects the period in which the Bank was founded with the Bank's original corporate seal, the crown and cypher of William and Mary and the words Bank of England in familiar script. 


Diameter 28.40mm
Weight 15.98g
Alloy 22 Carat
Fineness 916.6
Actual Gold Content 14.63g
Actual Gold Content 0.4707 Troy Ounce
Obverse Designer Raoul Maklouf
Reverse Designer Leslie Durbin
Mint Royal Mint
Mintage 1,000


Terms & Delivery

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.

Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.

All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out. 

If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.

Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.

Orders over £60 - Fully Insured Delivery.

  • Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6. 

Orders under £60

  • Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here.

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products. 

  • Orders under £1500 there is no additional fee.
  • Orders over £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee. 

If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase. 

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