The history of the Two Pound Gold coin

The first two pound coin, or double sovereign, was issued in 1820 for George III. The coin was only struck as a pattern and not as proof or circulated. The obverse of the first two pound coin shows the bust of the King facing right, wearing a wreath and bears the legend “Georgius III D.G. Brittanniarum Rex F D 1820”.

Under George IV in 1823, another gold £2 was made and issued. This included both proof and circulation issues. In 1824, 1825 and 1826 ALL £2 coins were issued as proof and were the only two pound gold coins to not feature George and Dragon of Bendetto Pistrucci on the reverse.

The coronation of Edward VII in 1902 saw the last time that a gold £2 coin was issued for circulation, and also as part of a proof set.

It was Queen Elizabeth II’s reign that seen a departure in the normal issuing of gold coinage. With only a small number of £2 gold coins being struck in 1953, and not being released to the public, it is known that a 1953 £2 gold coin would value around £75,000!

Between the dates of 1820 and 1979, only 4 dates were produced in circulation versions and quantities. It was from 1980 that The Royal Mint began actively producing and marketing coins for collectors and the £2 gold coin is now issued every year.

The gold £2 coin has been apart of and a feature of British Currency from 1820 to 1996. It has been minted every year since 1997.


Diameter: 28.40

Weight: 15.98 grams

If you’re interested in £2 gold coins or have any queries then please give us a call on: 01420 768161

The history of The Franklin Mint and The Danbury Mint

Franklin Mint was a private mint, an industrial facility that manufactures coins for currency, founded in 1964 by Joseph Segel in Pennsylvania. The company is currently under the ownership of Sequential Brands Group, which is headquartered in New York City.

For 50 years the Franklin Mint produced and marketed collectibles, and started with the manufacturing and selling of privately minted gold and silver commemorative sets and medallions. In 1969, Franklin Mint purchased John Pinches Medallists Company.

Franklin Mint specialise not only in coins and medallions, but also dolls, plates and diecast vehicles.

Throughout the years, Franklin Mint has changed ownership many times. Sequential Brands Group recently purchased the Franklin Mint brand in 2013.

Similarly, The Danbury Mint has been historically linked with the production of exclusive high quality medals and ingots, along with the sale of collectibles including; plates, bells and sculptures.

Ralph Glendinning and Ted Stanley, as a subsidiary of Glendinning companies in Westport, Connecticut, founded Danbury Mint in 1969. In 1970, a sister division to Danbury Mint was founded under the name Postal Commemorative Society, later changed to PCS stamps & coins in 2006 in order to reflect the shift from stamps to coin related products.

If you’re interested in finding out about collections from Franklin Mint or Danbury Mint, feel free to call us on: 01420 768 161.

John Pinches Medallists

In 1840, John Pinches Medallists was founded by brothers Thomas Ryan Pinches and John Pinches, to whom the running of the business was solely left to in 1856. Pinches (1825-1905) was taught the trade by family member and medallist, William Joseph Taylor. Since 1840, four members of the Pinches family have been associated with the firm. The main successors were John Harvey Pinches (son to founder, John Pinches) and John Robert Pinches (grandson).

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How to preserve your coins

We asked Peter for his top 3 easy and effective tips on how to preserve your coins! Here’s what he said:

1. DO NOT polish coins with metal polish.

Metal polish can seriously damage a coins appearance and value. To polish coins we advise using Goddard’s Silver Dip. However, be aware that dipping could destroy the patina on a coin. ‘Patina’ is the thin layer that forms on the surface of copper, bronze and similar metals when exposed to air for a long time. Silver coins with rose gold/violet hints in the patina generally enhances the aesthetics of the coin and should not be removed.

To remove old tape residue and stuck on debris such as; ink, tar and glue, simply leave the coin in acetone or nail polish remover for up to 24 hours.



2. DO NOT use plastic wallets for long-term storage.

Although, it is common practice Peter advises NOT to use PVC pouches for an extended period of time to store coins. When coins have been stored in such conditions green patches form on silver coins, in particular. If you didn’t make it to Peter’s Picks on time and have stored your coins in PVC pouches then Goddard’s Silver Dip will come in handy to remove the green on your coins.

If Silver Dip isn’t in your reach then dipping the coin in low-strength Ammonia will also help to remove any green patches.


3. Choose your coin storage wisely!

Peter says that coins should only be kept in cabinets made of inert materials to avoid chemical reactions and decomposition. Materials such as Mahogany and inert plastics are recommended. It is important to AVOID materials such as Cedar wood or Pine as they produce oils that can damage your coins.


If you need any more advice on how to preserve your coins OR want to know more about your coins then please give us a call on: 01420 768 161.


Gold Coin Dealers


Whether you have the odd one, or an entire collection of gold coins, we at M J Hughes Coins are always interested in purchasing!

It can be a tricky decision in deciding which way is best to dispose of your gold coin(s).

There are a number of gold coin dealers who simply base their offer prices on the intrinsic value of the gold. Although, in many cases, the gold value is the defining factor in the price, we are gold coin dealers who take into account numismatic value.

For example, if someone contacted us wishing to sell a number of gold sovereigns, before offering a price, we would take the time to enquire into the date and condition of the coin, which potentially could add a huge amount to our offer.

Many other gold coin dealers would simply quote a price depending upon the gold price that day.

We offer incredibly competitive prices for all types of gold coins, whether they are gold bullion Krugerrands, or rare gold Sovereigns (It is our dream to find a
1819 sovereign for someone!)


CALL US ON: 01420 768161 or email

Pre 1947 Silver Coins

Pre 47 UK silver coins are made from 50% silver and have, therefore, quite a high value. Here at MJ Hughes Coins we have been dealing in Pre 47 silver coins for some years and are pleased to offer this service to both trade and private clients.

If you are not a numismatist (Coin collector to the rest of the world), you maybe forgiven for not recognising the term ‘Pre-47 silver coins’. It basically refers to pre-decimal coins, including Crowns, Half-crowns, Double-florins, Florins, Shillings, Sixpences and silver threepences all dated 1946 and before.

Examples dated 1919 and before are even better, as they were made of sterling silver (92.5%, 0.925 fine), making them more valuable! Most of the coins issued are extremely common, so the price of these coins is very dependent on the daily price of silver.

Many dealers will pay a face value multiple, rather than giving a ‘price per gram’. This makes it easier for the seller to calculate the value of their coins.Pre 47 coins

For example, if we were paying 20 times face for pre-47 silver coins, this would give a shilling (Face value of 5p) a value of £1.

Please contact us on 01420 768161 where we would be delighted to offer you the best prices possible in relation to the silver spot price.

It is amazing how many people from 1947 up to decimalisation in 1971 sifted through their change, keeping back pre-47 coin examples.

Over the years, we have dealt with numerous sellers, many of which were old traders, who handled a lot of coinage on a daily basis.

If you have any Pre-1947 silver coins to sell, or would like to speak with us in more details, please get in contact:

Telephone – 01420 768 161

Email –