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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
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Third crowned portrait of HM Queen Elizabeth II facing right, wearing the George IV State Diadem. ELIZABETH·II·DEI·GRATIA·REGINA·F·D |
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Reverse
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The Bank's original corporate seal including the Crown and Cypher of King William and Queen Mary and the dates 1694–1994 WM |
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. |
2 Pounds
3rd portrait
KM# 968 Sp# K4
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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