How Much is the 1989 Tercentenary of the Claim of Rights £2 Coin Worth?

There were two £2 coins issued in 1989, one representing England and one Scotland. The Scottish version is the Tercentenary of the Claim of Rights £2.

The average sold price according to eBay for the is coin is £26.91, which is very high for a £2 coin. Keep reading to see why it is worth that much on the secondary market, as well as where you can buy one of the coins if you want to.

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

This coin is very rare. Not only was it part of a series of commemorative two pound coins, but there was only a total mintage of 455,704. Of this mintage figure, only 346,000 were circulation coins. 25,000 specimens were issued in a presentation folder, and 84,704 proofs.

This specific coin was also included in The 1989 United Kingdom Brilliant Uncirculated two pound Coin set as well as the United Kingdom Proof Coin Collection 1989.


Additionally, Silver Proof FDC in 0.925 Silver with a diameter of 28.40 mm, 15.98 grams of sterling silver 92.50% ASW 0.4752 oz. was issued in pair with the English type silver proof.

Also, a Silver Proof Piedfort in 0.925 Silver with a diameter of 28.40 mm, 31.96 grams of sterling silver 92.50%, ASW 0.9505 oz. were issued in pair with the English type of silver proof Piedfort as well.

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

Tercentenary of the Claim of Rights £2 – (credit)

Between the years 1986 and 1996, the two pound coins were minted to appeal mostly to collectors. All of them were intended to commemorate a special event. No King George Double Sovereigns were issued during this time.

During this timeframe, the two pound coin was patterned after the gold Double Sovereign with the same weight and diameter. But, they were thicker since gold is heavier than the base metal. The true gold coins actually have more of a coppery colour.

The entire series of coins issued during this timeframe included 5 issuing years with 7 different designs. All of them were commemorative coins intended to appeal mainly to collectors. These coins include:

-1986 Commonwealth Games

-1989 The Claim of Right

-1989 The Bill of Rights

-1994 Bank of England

-1995 End of the WW2

-1995 50th Anniversary of the UN

1996 Euro Football in England

The British two pound £2 coin changed its look again in 1998 to a bi-metallic coin that weighs 12 grams and measures 28.4 mm in diameter and is 2.500 mm thick.

Before the coin changed its design to the 1986 collector coins and then to the modern-day two pound coin, it 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.

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.

The obverse of the special 1989 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.

Uncharacteristic of two pound coins, the value and denomination is featured on the obverse of this 1989 coin. It reads TWO POUNDS.

Most Double Sovereign coins were made of 22 Carat Crown Gold 0.4708 troy oz. It is 28.40 mm and had a mass of 15.976 grams. The edge of the coin is milled. Since 1986 circulating two pound coins have been produced using cupronickel as well as some gold strikings for commemorative collecting purposes.

The 1989 two pound 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 is milled and plain with no inscription

The reverse of the Claim of Rights coin features a design that was to commemorate the 300th anniversary of the Claim of Rights in 1689. At the centre of the coin’s reverse is the Royal Cypher of William and Mary with the W and M interlaced representing King William III and Queen Mary II surmounting a horizontal Parliamentary Mace.

The words TERCENTENARY OF THE CLAIM OF RIGHT arc around the top of the image, and the dates 1689 and 1989 overlap each other on the bottom. The image is crowned with the Scottish Crown.

Two different two pound coins were issued in 1989. The two coins differ only in detail on the reverse. Both were designed by John Lobban. Both depict the Cypher of William and Mary, the House of Commons mace, and stylized representations of a crown.

This one features the Crown of Scotland and has the inscription TERCENTENARY OF THE CLAIM OF RIGHT. The English version reads Bill of rights. The date is uncharacteristically on the reverse of both, and the value and denomination are on the obverse.

What Does The 1989 £2 Coin Represent?

The Declaration of Rights sought to prevent a repetition of abuses by the King. In Scotland, William and Mary were recognized as King and Queen by the Convention of Estates on April 11, 1689. This convention adopted a Claim of Right which corresponds a great deal with the Bill of Rights in England.

On February 13, 1689, history was made when Prince William and Princess Mary of Orange were presented with a document by the Lords and Commons that marked a significant change in the course of the British parliament.

The document stemmed from the revolutionary events of 1688 which influenced the social, economic, and political development of democratic countries all around the globe.

The result would be free and regular elections, freedom of speech in Parliament, the proper distribution of governmental power, and protection of the rights of subjects and citizens.

Where Can You Buy The 1989 Tercentenary of the Claim of Rights £2 Coin?

Buying or selling online at eBay is a quick and easy way to find or sell coins. As with any online purchase, make sure you do a little research first, so you know exactly what you are considering buying or selling.

The average selling price on eBay.co.uk is £26.91 for this specific profile of the Tercentenary of the Claim of Rights two pound coin. As always, the exact price is going to depend upon what condition the coin is in.