1994 UK Coin £2 Royal Mint Trial Piece 24374
1994 UK Coin £2 Royal Mint Trial Piece 24373
1994 UK Coin £2 Royal Mint Trial Piece 24372

Out of Stock

1994 UK Coin £2 Royal Mint Trial Piece

The new type of £2 coin introduced in 1997 featured an innovative bi-metallic design. It was the first base metal two pound coin to be intended for circulation in the United Kingdom.

READ MORE

The new type of £2 coin introduced in 1997 featured an innovative bi-metallic design.

It was the first base metal two pound coin to be intended for circulation in the United Kingdom. It was also the first time that a bi-metallic coin had been used for British coins.

The inner disc is made of cupro-nickel, while the outer ring is made of nickel-brass.

Production Method

First Stage - Alloying

The first stage in the manufacture of a two-pound coin is the melting and alloying of its constituent metals in electric induction furnaces at temperatures of between 1300° and 1400° Celsius. The bi-colour nature of the new coin means that two different alloys must be processed separately.

Continuous Casting

In either case, once examination by x-ray fluorescence spectrometry has confirmed that the alloy is correct, the molten metal is continuously cast, from a holding furnace, through water-cooled graphite dies. The emerging strip, 210mm wide by 15mm thick, is cut into manageable 10m lengths and its upper and lower surfaces are scalped by up to 0.50mm to remove oxide discolouration.

Rolling

Two passes through a tandem rolling mill reduce its thickness to 3mm and in so doing, double its length. Because the nickel-brass will now have become work-hardened, the strip must be softened by an annealing process of seven hours duration in a furnace at 600° Celsius. The strip is reduced to the desired thickness for coining by being accurately rolled on a reverse finishing mill. At this point the now extended strip has been accurately reduced to coin thickness.

Punching Out the Blanks

Cupro-nickel and, at this stage, whole nickel-brass coin blanks are punched out of the strip at a rate if up to 5,000 per minute with a force of 100 tonnes. The metal residue from the blanking process, known as scissel, is returned to the furnace.
The blanks are softened in annealing furnaces operating at temperatures of up to 950° Celsius. After cooling they are fed into automatic blank finishing machines, where stains are removed by a solution of sulphuric acid. They are then burnished and finally rinsed in water and dried off.

Edge Rolling & Lettering

The outer blanks of nickel-brass are given raised edges by being rolled under great pressure between the fixed segment and rotating wheel of a rimming machine. It is also at this stage that the coin's edge lettering is applied. Central holes, which take the smaller cupro-nickel blanks, are punched out on a piercing press. The rimmed inner blanks meanwhile receive an edge groove as a key to bonding.

Striking the Coins

A coining press is served by two separate hopper and feed systems for the different blanks. The first system feeds the pierced outer blank into a dial plate segment, which then moves on to the second operation. there the inner blank is dropped into position, loosely located inside its outer. Held by the segment, the coin parts pass on to be brought to rest on top of the lower die, whose upward movement pushes the blanks into a restraining collar. Continued upwards movement of the lower die squeezes the blanks against the upper one with a 100 ton force, so that both impressions are received in a single operation. By the same action the metal, being forced outwards, takes up the pattern of the milled collar, and the union of the two coin parts is made.
The completed bi-colour two-pound coin is ejected from its collar by a downward movement of the upper die.

Obverse

The obverse (head side) bears 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.

Reverse

In the centre, a three-masted sailing ship, similar to that previously used on halfpennies of George VI and Elizabeth II, the outer ring bears the inscription:

ROYAL MINT TRIAL 1994

Key Information

Product ID2683
Stock Status

Out of Stock

Product Spec

MetalBase Metal
Date1994
Obverse DesignerRaphael Maklouf
Reverse DesignerRoyal Mint Engravers
Issuing MonarchElizabeth II (1952-2022)
Mint/BrandThe Royal Mint
CountryUnited Kingdom
Book an appointment

Book an appointment

Book an appointment in London or Blackpool and let our precious metal experts assist you.

BOOK NOW

Chards Coin and Bullion Dealer offer fully insured delivery, on-site storage facilities and free collections from either of our Blackpool and London showrooms.

As a reputable bullion dealer, we focus on quality and excellent customer service over speedy delivery. We aim to despatch orders within 2 working days, however, during moments of volatility within the market, you may experience delays in despatch. You can find more delivery information, including our latest delivery times, on our delivery page.

Despatch may also be delayed if you have selected products with lead times or we require further documents to verify your identity.

Our chosen couriers:

  • Royal Mail
  • DHL
  • Parcelforce

UK and BFPO

Delivery Option Est. Delivery Time*
Standard3 working days
Fully Insured1 working day

High-Value Deliveries

We also offer a dedicated service for high value orders. Quotes are available upon request. Our high-value logistics partners are:

  • Malca-Amit
  • Regency
  • Loomis
  • Brinks

* Estimated delivery time is the delivery timescale from the despatch date on your order. We are not responsible for delivery delays once it is with the courier.

Invest with Confidence • Invest with Chards

60 Years Experience

60 Years Experience

With over sixty successful years of experience, Chards leads with knowledge, offering education and trusted resources to help you invest wisely. We’re committed to supporting our customers every step of the way.

Family Business

Family Business

We pride ourselves in providing a level of service that's tailored to you, with care, attention and the highest ethical standards that a corporate body cannot always match.

LBMA Full Member

LBMA Full Member

The LBMA govern the London Bullion Market, the world's largest precious metals market. As full members with global partners, we commit to secure and ethical transactions.

Fully Insured

Fully Insured

Our specialist insurance through Lloyd's of London covers against any potential risks associated with orders, deliveries and our vaulting service giving customers peace of mind.

UK Showrooms

UK Showrooms

Strategically positioned in London's Hatton Garden and Blackpool's South Shore, our offices offer personalised, face-to-face consultations in two locations.

Auditing & Accounts

Auditing & Accounts

We regularly provide and undertake transparent verification of our financials and vaulted assets to deliver exemplary customer confidence.

  • Precious metal investments are not regulated in the UK.

    Investment values can fluctuate and may decrease as well as increase. Past performance is not indicative of future results.
  • Pricing:

    Prices are based on the current precious metal price and may change.
  • Payment and ID:

    You may need to provide identification to make a purchase. You can find more information on payment and identification requirements.
  • Bullion Coins:

    These may have minor scratches or edge knocks, but this does not affect their value. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
  • VAT:

    Investment gold products are VAT-free, while silver products include VAT.
  • Cancellations & Returns:

    Once you place an order, you cannot cancel it. We do not currently accept returns, however. You may be able to sell your investment products back to Chards at the current buy back rate.

For more details, please see our Terms & Conditions.