These were the last commemorative £2 coins to be struck before the change to the bi-metallic £2 coin, which we know today.
An expert has revealed that an unusual £2 coin from 1996 could be worth a staggering £1,000. The piece in question was created to celebrate the 10th UEFA European Championships, and resembles a football.
What makes it especially sought after is the fact it is made from 22 carat gold. Speaking on social media platform TikTok, a money expert known as the Coin Collecting Wizard urged his more than 200,000 followers to keep an eye out for its distinguishing features.
“£1,000 for this old £2 coin,” he said. “In 1996 to celebrate the 10th European Football Championship the Royal Mint released a very limited £2 gold proof coin struck in solid, 22 carat gold.”
However, it is vital that you look for the gold version. He continued: “Now pay attention as the one that is worth a lot of money is the gold proof version.”
While the obverse side of the coin, which is more commonly known as the “heads” side, features the standard image of Queen Elizabeth II, the other side is what makes it special. It was designed to replicate a football, with the year imposed in its centre.
The expert continued: “On the reverse design by John Mills it gives the impression of a football. An impression which has been accentuated by the unusual dish or bowl-like effect.
“The special year of 1996 is highlighted amid the familiar pattern of the ball. The artist’s initials are placed in the top panel. And there are 16 small rings to symbolise each of the teams who will compete in the finals.”
According to the Coin Collecting Wizard, not many of these coins were ever made. This makes it extremely valuable to collectors.
He added: “Due to only a mintage of 2,098 gold proof coins worldwide this has become a highly sought after coin in this precious metal. But remember normal versions of this coin aren’t worth that much and it is the gold proof version you are looking for.”
The less valuable nickel brass versions of this coin can be found online for around £19. At the time of reporting, a gold proof version could be found for sale online for £1,280.69.
The Royal Mint explained that these were the last commemorative £2 coins to be struck before the change to the bi-metallic £2 coin, which is the coin we use today.