In 1994, to celebrate the 300th Anniversary of the Bank of England, the Royal Mint released a Limited Issue Brilliant Uncirculated Bank of England £2 Two Pound Coin First Day Cover.
The 1994 Two Pound Coin bears a new commemorative design celebrating the Tercentenary of the Bank of England. The Royal Charter creating the Bank of England was sealed on 27 July 1694 and the Bank opened for business shortly afterward.
In style, the reverse of this handsome coin reflects the period in which the Bank was founded. At the center sits Britannia looking on a Bank of Money just as she appeared on the Bank‘s original corporate seal, with the crown and cypher of William and Mary above and the name 'Bank of England' in familiar banknote script below.
The new design was created by Leslie Durbin while the obverse features Raphael Maklouf's elegant portrait of Her Majesty Queen Elizabeth II.