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1994 Bank Of England Gold Proof Double Sovereign Two Pound Elizabeth II Mule Error Coin

1994 Bank Of England 300th Anniversary Two Pound Double Sovereign Gold Proof Mule Error Coin Boxed

Buy a 1994 Bank Of England Gold Proof Double Sovereign Two Pound Elizabeth II Mule Error Coin

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A rare mule 1994 Bank of England Double Sovereign, struck with the wrong obverse. This 22-carat gold coin was issued to celebrate 300 years of the Bank of England with a special reverse inspired by the original Britannia seal of the UK's central bank. However, an unknown number of the 1,000 coins offered in this limited edition, individually boxed presentation were struck with an obverse missing the denomination. Raphael Maklouf's portrait of Her Majesty the Queen also appears larger than on coins with the correct legend. Error coins where the incorrect die pair are used in the production process are referred to as 'mule coins' by numismatists, taking the name from the offspring of a horse and a donkey. This scarce and sought-after error coin is offered in its original packaging from The Royal Mint, complete with its numbered certificate of authenticity.
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Bank Of England Anniversary £2

The reverse of this Double Sovereign does not feature the standard Saint George and the Dragon design by Benedetto Pistrucci but rather a one-off motif by silversmith Leslie Durbin. The crowned cypher of King William III and Queen Mary II is shown above, with the image of Britannia below, inspired by the original Bank of England seal. The anniversary dates (1694-1994) appear on either side, with 'Bank of England' at the bottom.

What Is A Mule Coin?

Mule coins occur when a non-matching pair of obverse and reverse dies are used during the minting process, resulting in a coin with a non-standard set of designs. While such error coins were more common in the past when currency was handmade, it is rare for mule coins to be produced with modern minting technology, making examples that come to market scarce and sought-after by collectors.

Wrong Elizabeth II Reverse Design

The error on this 1994 coin is fairly subtle. On the standard issue, Raphael Maklouf's obverse portrait of Queen Elizabeth II is entirely encircled by a legend with the words 'TWO POUNDS' below the bust. On the error version, the denomination is missing, and the effigy appears larger, with just the words 'ELIZABETH II DEI · GRA · REG · F · D' on either side.

22-Carat Gold Double Sovereign

This Two Pound coin is struck in 15.98 grams of 22-carat gold, measures 28.40 millimetres in diameter and is struck with a fine proof finish. This piece is variously referred to as a Double Sovereign or a gold Two Pound coin.

Scarce Modern Royal Mint Error

We know that The Royal Mint only issued 1,000 gold proof Bank of England £2 coins in this individual presentation in 1994, with more coins earmarked for proof Sovereign sets. The mule error appears to affect only a small number of coins in this issue, though the true number is unknown.

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