• 2 Pounds 1994, KM# 968, United Kingdom (Great Britain), Elizabeth II, 300th Anniversary of the Bank of England
  • 2 Pounds 1994, KM# 968, United Kingdom (Great Britain), Elizabeth II, 300th Anniversary of the Bank of England
Description

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in operation today, after the Sveriges Riksbank. The Bank of England is the world's 8th oldest bank. It was established to act as the English Government's banker and is still one of the bankers for the Government of the United Kingdom. The Bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946.

Obverse

Third crowned portrait of HM Queen Elizabeth II facing right, wearing the George IV State Diadem.

The George IV State Diadem, officially the Diamond Diadem, is a type of crown that was made in 1820 for King George IV. The diadem is worn by queens and queens consort in procession to coronations and State Openings of Parliament. The piece of jewellery has been featured in paintings and on stamps and currency. It can be seen in the Queen's Gallery at Buckingham Palace.

ELIZABETH II DEI GRATIA REGINA FIDEI DEFENSATRIX means Elizabeth II, by the grace of God, Queen and Defender of the Faith.

From 1985 to 1991 the head of Queen Elizabeth II was a slightly smaller size. From 1993 to 1997 the head was a slightly larger size. The change over was made part way through 1992 so there are two versions in this year. 1997 has small varieties in design of the portrait.

Engraver: Raphael David Maklouf

ELIZABETH·II·DEI·GRATIA·REGINA·F·D
· TWO POUNDS ·
RDM

Reverse

The Bank's original corporate seal including the Crown and Cypher of King William and Queen Mary and the dates 1694–1994

One of the first decisions of the Court of Directors of the Bank of England 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.

Engraver: Leslie Durbin

WM
1694 1994
Bank of England

Edge

The motto of William Paterson "thus we labour but not for ourselves". Sir William Paterson (1658-1719) was a Scottish trader and banker. He was one of the founders of the Bank of England.

Characteristics
Type Commemorative Issue (Circulating)
Material Nickel Brass
Weight 15.98 g
Diameter 28.4 mm
Thickness -
Shape round
Alignment Medal
Mint
Royal Mint

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