How Much Is The 1989 Tercentenary of the Bill of Rights £2 Coin Worth?

If you are a coin collector or looking for a piece of remembrance in British history, add this desirable coin to your collection. The 1989 Tercentenary of the Bill of Rights £2 coin is a favourite among collectors and gift-givers, especially those who are lovers of history. Or, maybe you’re wanting to complete the two-coin 1989 Tercentenary pair with both the English Bill of Rights and the Scottish Claim of Rights coins.

The average selling price according to eBay is about £3.06.

Is The 1989 Tercentenary of the Bill of Rights £2 Coin Rare?

There were 4,432,000 circulating coins released and a total mintage of 4,541,704 in the English version of this coin with the words BILL OF RIGHTS on the milled edge and on the reverse.

There was also a Scottish version of 455,704 minted with the words CLAIM OF RIGHTS on the milled edge and on the reverse. The Scottish version commemorates the 300th anniversary of the 1689 Claim of Rights, passed by the Scottish Parliament in light of the English Bill of Rights being passed.

Of the Bill of Rights version, 4,432,000 were circulation coins. 25,000 were specimen issued in a two-coin presentation folder and 84,704 proofs as follows:

  • 25,000 were issued as Specimen in folder including The 1989 United Kingdom Brilliant Uncirculated Two-Pound Coins.
  • Proof FDC coins were also issued with a total of 84,704 including the United Kingdom Proof Coin Collection 1989 set.
  • Also minted was Proof, partially non-frosted in an unknown amount. These were Collectors Coins Great Britain as part of a Bass Charrington promotion with a non-frosted bust of the Queen.
  • Also, Silver Proof FDC in 0.925 Silver were issued with 24,852.
  • Additionally, Silver Proof Piedfort with 0.925 Silver were issued with a total of 10,000.

Design and Meaning of the 1989 Tercentenary of the Bill of Rights £2 Coin

Bill of Rights £2 Coin Design – Credit

Originally, the Two-Pound coin was called the Double Sovereign. The Double sovereign was 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 using 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. 

Most Double Sovereign coins were made of 22-Carat Crown Gold 0.4708 troy oz. It is 28.40 mm and has a mass of 15.976 grams. In 1986, the coin changed to be minted in a single metal brass alloy. The Two-Pound coins released between 1986 and 1996 were a series of coins intended to appeal to collectors. This coin would see seven different designs in five different years that were all commemorative coins.

The British Two-Pound £2 coin changed its look once again in 1998 to a bi-metallic coin that weighed 12 grams and measured 28.4 mm in diameter and 2.500 mm thick.

The 1989 Bill of Rights 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 edge of the coin is milled.

The obverse of the 1989 Bill of Rights 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. Also, the denomination of TWO POUNDS is seen on the obverse.

Two different Two-Pound coins were issued in 1989. The two coins are only different in detail on the reverse. Both were the design of John Lobban. The coins depict the Cypher of William and Mary which is the royal monogram of the King and Queen, the House of Commons mace and stylized representations of St. Edward’s Crown. The Scottish version of the coin features the Crown of Scotland.

The English version has the inscription TERCENTENARY OF THE BILL OF RIGHTS.


The date of the British coin uncharacteristically features the date on the reverse with the value and denomination on the obverse.

The reverse of the two-pound English coin features a design that was to commemorate the 300th Anniversary of the Bill of Rights. It featured the Royal Cypher of William and Mary interlaced with letters W and M to represent King William III and Queen Mary II surmounting a horizontal Parliamentary Mace. Above is St. Edward’s Crown to represent the Royal Crown. Below are intertwined dates of 1689 and 1989.

What Does The 1989 Tercentenary of the Bill of Rights £2 Coin Represent?

After the Glorious Revolution in 1688, King James II of England had been overthrown. This “Bloodless Revolution” was led by William III of England.

In 1689, Prince William and Queen Mary accepted the Declaration of Rights prior to being offered the throne. The legal document stated basic civil rights and also dictated the process of the inheritance of the Crown. This act shifted the balance of power from the Crown to Parliament and changed the course of British political history. It is still in effect to this day and is referred to in cases in the UK and throughout the Commonwealth.

Two versions of the coin were issued. One was an English version, and the other a Scottish one. The English version celebrates the Bill of Rights. Whereas, the Scottish version celebrates the Claim of Rights.

The Bill of Rights coin was minted to celebrate the Tercentenary 300th anniversary of the Declaration of Rights in 1689. On February 13, 1689, Prince William and Princess Mary of Orange were presented with a document by the Lords and Commons that marked a major pivotal point in British parliamentary history. The document stemmed from the revolutionary events of 1688 that influenced the social, economic, and political development of democratic countries around the world. It was known as the Declaration of Rights.

The Declaration of Rights adopted a Claim of Right which largely corresponds to the Bill of Rights in England. In Scotland, William and Mary were recognized as King and Queen by the Convention of Estates on April 11, 1689.

The Bill of Rights was to establish free and regular elections, freedom of speech in Parliament, the proper distribution of governmental power, and protection of the rights of subjects and citizens.

The ceremonial mace gradually became a symbol of prestige and an emblem of Office throughout England.

Where Can You Buy The Bill of Rights £2 Coin?

Online at eBay is a quick and easy way 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 is £3.06 for this specific profile of the Tercentenary of the Bill of Rights coin. As always, the exact price is going to depend upon what condition the coin is in.