In 1994, to celebrate the 300th Anniversary of the Bank of England, the Royal Mint released a Limited Issue Bank of England £2 Two Pound Proof Coin.

The 1994 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 afterwards.

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.
These legal tender coins have been struck to proof quality using specially prepared dies and highly polished blanks.