Category Archives: Gold Coin Dealers

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

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