1986 Commonwealth Games £2 Coin: A Complete Guide

You don’t have to be a sports fan to enjoy this very special coin that makes a notable addition to any collection. Add the XIII Commonwealth Games Scotland £2 Coin as a very special part of your collection, or give it as a gift.

The coin is unique in that 1986 was the first year that a different design was featured on the Two-Pound coin, previously referred to as the Double Sovereign. Also, this coin was the first commemorative coin in the UK to feature a sporting event of the Commonwealth Games.

The coin is a wonderful choice for coin collectors, history lovers, sports fans, or to give as a special gift.

How Much Is The 1986 £2 Coin Worth?

Of course, the actual price of any collecting coin is going to be determined by the condition it is in as well as the coin’s minting. According to eBay, the average sold price of this coin is about £2.26 in circulated condition.

Is The 1986 £2 Coin Rare?

This coin is considered to be unique and rare since it was the first of the new denomination and was the first to feature a sporting event. This specific coin was also never common in everyday distribution since they were struck mainly for collectors to snatch up and hang onto.

A special gold minting of this coin is considered to be very rare. Just make sure you find one in gold and not a “fools gold” which is a nickel-brass, or base metal version, that actually looks more like gold than the true gold coin. You can tell the difference by its thickness.

The true gold coin actually looks more like copper. Also, be sure that the coin is still in its box with a certificate of authenticity.

When collecting the Commonwealth Games coin, make sure you have a 1986 minting of the Scotland games. The Commonwealth Games were celebrated again in 2002 when the Royal Mint released a series of four Two-Pound coins to celebrate the XVII Commonwealth Games in Manchester with each coin featuring the flag of the four participating countries from the UK.

There is also the 2014 Commonwealth Games 50p minted for the XX Commonwealth Games in Glasgow.

There were almost 8.5 million 1986 Commonwealth Games Scotland coins minted, at 8,484,005 to be exact.

The mintage figure is made up of 8,212,184 coins that were released into circulation as well as 167,224 coins in mint sets and 104,597 proofs.

Additionally, there were some off-metal strikes.

The coin was issued in presentation folders and mint sets including the United Kingdom Brilliant Uncirculated Coin Collection 1986, and the United Kingdom Proof Coin Collection 1986 as well as a deluxe set version.

Some coins were minted as:

  • Proof FDC with 104,597 issued
  • 0.500 Silver Proof with 48,881 issued
  • 0.925 Silver with 59,779 issued in diameter of 28.40 mm, 15.98 grams of sterling silver 92.50%, ASW 0.4752 oz. Issued in a box with a Certificate of Authenticity.
  • Gold proof, with 3,277 issued in 0.917 Gold with a diameter of 28.40 mm, 15.98 grams of 22-carat gold 91.66%, AGW 0.4707 oz. Issued in a box with Certificate Authenticity. The gold versions were to represent a double sovereign with the same parameters and no other St. George type double sovereign issued that year.

Design and Meaning of the 1986 £2 Coin

Design of the 1986 Commonwealth Games £2 coin
1986 Commonwealth Games £2 Coin Design – Credit

In 1986, The British Two-Pound coin changed to be made of nickel-brass yet still modelled on the gold issue coins with the same weight and diameter, but thicker.

The British Two-Pound £2 coin changed its look again in 1998 to a bi-metallic coin that weighed 12 grams and measured 28.4mm in diameter and 2.500 mm thick. This 1986 Two-Pound coin was the first of the new Two-Pound coin to represent a special commemorative event.

Before the coin changed its design to the 1986 version and then to the modern-day Two-Pound round coin, it was called the Double Sovereign.

The Double sovereign is a gold coin with a nominal value of two pounds sterling or 40 shillings. Under the reign of George III in 1820, the coin was considered to be a pattern coin and used the design of Benedetto Pistrucci that featured George and Dragon.

The Double Sovereign originals never entered circulation until 1887 when a new double sovereign was issued for Queen Victoria’s Golden Jubilee. From 1823 through 1996, the two-pound coin was minted only occasionally. Starting when Queen Elizabeth II came to reign, the coin’s obverse began to feature an effigy of the Queen. Double Sovereign coins were made of 22-Carat Crown Gold 0.4708 troy oz.

The obverse of the 1986 Commonwealth Games Scotland Two-Pound coin features the Raphael David Maklouf effigy which appeared on the obverse from 1985 to 1996.

This is considered to be the third major portrait of Queen Elizabeth II. She is facing right wearing the royal diadem which she wears on her way to and from the State Opening of Parliament. She is also wearing a pearl necklace and earrings.

The incuse lettering on her neck truncation read RDM to indicate the designer, Raphael David Maklouf’s initials. Around the outside rim reads ELIZABETH * II * DEI * GRATIA * REGINA * F * D * TWO POUNDS. Translated from Latin, this means Elizabeth the Second, by the Grace of God, Queen, Defender of the Faith.

The edge of the coin is milled with an inscription that reads XIII Commonwealth Games Scotland 1986.

Since 1986 circulating two-pound coins have been produced using cupronickel as well as some gold strikings for commemorative collecting purposes. The 1986 Commonwealth Games coin was made of Nickel-brass with a 2.0 mm thickness, a diameter of 28.4 mm, and a weight of 15.98 grams.

The reverse of the 1986 two-pound coin features a design that was to commemorate the Commonwealth Games.

The design features a Scottish Thistle and a crown of laurel leaves superimposed on the St. Andrew’s Cross in the background. The date 1986 is centred toward the top, and the initials NS are seen at the bottom of the design, separated by the base of the thistle’s stem, to indicate the designer, Norman Sillman.

What Does The 1986 £2 Coin Represent?

The coin represents the 13th Commonwealth Games which were held in Edinburgh, Scotland in 1986. The coin also celebrates the Royal Mint release of its first commemorative two-pound coin in nickel-brass and the first ever British coin to honour a sporting event.

These specific Commonwealth Games were met with controversy since Margaret Thatcher was committed to keeping ties with Apartheid South Africa. Due to her stance, 32 out of the 59 eligible countries staged a boycott and did not participate in the sporting event that year.

Where Can You Buy The 1986 Commonwealth Games £2 Coin?

Searching online at eBay is a quick and easy way to locate even hard-to-find coins. Just make sure you do your homework, so you are sure of exactly what you are buying.

The average selling price on eBay.co.uk is £2.26 for this specific profile. As always, the exact price is going to depend upon what condition the Commonwealth Games Scotland £2 Coin is in.