How appropriate that the tercentenary of the Bank of England should be celebrated on the coinage, linking two great institutions both intimately connected with the nation's currency.
The obverse of the new commemorative £2 coin bears Raphael Maklouf's acclaimed portrait of the Queen while the new reverse design, created by Leslie Durbin, reflects the period in which the Bank was founded, bearing the Bank's original corporate seal, the crown and cypher of William and Mary and the words Bank of England in familiar banknote script. The motto of William Paterson, sicvos non vobis "thus we labour but not for ourselves" forms the edge inscription.
Struck to Brilliant Uncirculated quality, the new £2 coin design for 1994 commemorates the 300th Anniversary of the Bank of England celebrated in that year.
The first day cover also hosts a special Commemorative Label, the first ever to be issued by Royal Mail. The Label is incorporated within a book of four First Class stamps, issued 27th July 1994.
The PNC cover is jointly issued by the Royal Mail and the Royal Mint.
Denomination - Two Pounds
Diameter - 28.4mm
Weight - 15.98gms
Alloy - Cupro-nickel