A Coin That Commemorates a Cornerstone of Freedom
The Magna Carta £2 coin is more than just currency—it is a tribute to one of the most defining documents in British and world history. Issued by the Royal Mint to mark the 800th anniversary of the sealing of the Magna Carta in 1215, this coin not only holds numismatic interest but also serves as a symbol of liberty, justice, and the evolution of constitutional governance. For history buffs, coin collectors, and curious Brits alike, the Magna Carta £2 coin offers a tangible link to the past while sparking conversations about democracy and individual rights.
In this article, we’ll explore the rich history behind the Magna Carta, delve into the artistic and technical aspects of the coin’s design, examine its mintage and rarity, and assess its current value in the collectors’ market. Whether you stumbled upon this coin in your spare change or you’re considering purchasing it as part of a numismatic collection, this guide will equip you with all the insights you need.
The Magna Carta: A Symbol of Liberty for Centuries
The Origins of the Magna Carta
The Magna Carta, or “Great Charter,” was originally issued by King John of England in 1215 following rising tensions with rebellious barons. This landmark document was sealed at Runnymede, near Windsor, and was intended to establish certain legal protections and limit the powers of the monarchy. Though many of its clauses were annulled shortly after its issuance, it laid the foundation for future legal reforms and influenced other significant documents, including the U.S. Constitution and the Universal Declaration of Human Rights.
Why It Matters Today
The Magna Carta introduced the revolutionary idea that the king was not above the law—a radical notion in the 13th century. It enshrined basic rights such as habeas corpus and the right to a fair trial. Over time, these principles helped to form the backbone of democratic societies across the globe. In essence, the Magna Carta represents the early steps toward civil liberties and the rule of law, making it a fitting subject for national commemoration on coinage.
Commemorating History Through Coinage
The Royal Mint’s Tribute
In 2015, to honor the 800th anniversary of the Magna Carta, the Royal Mint released a special edition £2 coin. This wasn’t the first time the Magna Carta was featured on British currency—in 2015, there were also commemorative gold and silver versions—but the standard circulating £2 coin captured the public’s imagination due to its availability and striking imagery.
Purpose of the Coin Release
The coin was issued to educate the public and remind citizens of Britain’s rich constitutional heritage. Coin collecting has long served as a tool for commemorating major milestones, and the Magna Carta £2 coin stands as a prime example of how currency can serve an educational purpose beyond its monetary function.
Design Details: Symbolism in Every Element
Obverse: The Queen’s Portrait
The obverse of the coin features the portrait of Queen Elizabeth II, designed by Jody Clark. This was the fifth definitive portrait of the Queen used on British coinage, showcasing a more mature monarch adorned with the Royal Diamond Diadem. Clark’s design succeeded those of earlier artists and is known for its modern elegance and fine detail.
Reverse: Barons, Crown, and Charter
The reverse side, designed by artist John Bergdahl, is where the coin truly shines in its symbolism. It depicts King John holding the Magna Carta, flanked by two barons, reinforcing the charter’s baronial origins. Above them sits a stylized medieval crown, symbolizing royal authority being held in check.
Surrounding this imagery is the inscription:
“MAGNA CARTA 1215 – FOUNDATION OF LIBERTY”
This wording not only underscores the historical weight of the document but also adds an artistic gravitas that appeals to collectors and historians alike.
Edge Inscription
The coin features an edge inscription that reads:
“FOUNDATIONS OF LIBERTY”
This phrase encapsulates the enduring legacy of the Magna Carta, highlighting its continued relevance in modern governance and law.
Mintage and Rarity: How Common Is the Magna Carta £2 Coin?
Circulating Version
The circulating Magna Carta £2 coin was released in 2015 with a mintage figure of approximately 1,495,000. While this does not make it the rarest £2 coin in circulation, it is relatively scarce compared to others. For example, the 2002 Commonwealth Games £2 coin has lower mintage figures, making it more valuable to collectors.
Brilliant Uncirculated and Proof Versions
In addition to the circulating coin, the Royal Mint produced brilliant uncirculated (BU), silver proof, and gold proof versions of the Magna Carta coin. These were marketed toward serious collectors and investors:
- BU Coin: Sold in presentation packs with historical context and packaging.
- Silver Proof: Limited edition with higher detail and finish, struck in .925 sterling silver.
- Gold Proof: Extremely limited mintage, made of 22-carat gold, and significantly more valuable due to its rarity and metal content.
Collector’s Value and Market Trends
Circulated Coin Value
As of 2025, a circulated Magna Carta £2 coin typically sells for £3 to £6 depending on condition. Coins in near-mint or extremely fine condition may fetch slightly more, particularly if they show minimal wear.
BU, Silver, and Gold Coin Values
- BU Version: Usually sells for £10 to £15 depending on the packaging and condition.
- Silver Proof: Prices range from £50 to £100, depending on the seller and whether the original box and certificate of authenticity are included.
- Gold Proof: The most valuable, with prices typically starting around £800 and exceeding £1,200 depending on market demand, gold prices, and rarity.
Factors Affecting Value
Several factors influence the coin’s value in the market:
- Condition: Coins in uncirculated or mint condition are always more desirable.
- Presentation: Original packaging and certificates can boost resale value.
- Demand: Market interest in Magna Carta memorabilia or coin collecting trends can spike values.
- Historical Significance: Coins linked to milestone anniversaries (like the 800th) tend to hold long-term collector appeal.
Tips for Collectors and Enthusiasts
How to Identify Fakes
Due to the rising popularity of commemorative coins, counterfeit versions have occasionally entered the market. When purchasing, always:
- Buy from reputable dealers.
- Look for original packaging and certificates of authenticity.
- Verify design details against official Royal Mint descriptions.
- Use a digital scale—£2 coins should weigh exactly 12 grams.
Best Places to Buy or Sell
- eBay and Etsy: Popular among casual collectors, but caution is advised.
- Royal Mint Website: Occasionally offers reissues or remaining stock.
- Coin fairs and auctions: Great for meeting knowledgeable dealers.
- Facebook coin collecting groups: Provide peer insights, valuations, and direct sales.
Is It a Good Investment?
While the Magna Carta £2 coin isn’t the most lucrative investment in numismatics, it holds long-term value due to its historical relevance and moderate scarcity. Silver and gold proof versions offer greater investment potential, especially in a rising bullion market.
Conclusion
The Magna Carta £2 coin is a splendid example of how numismatics can encapsulate history, art, and national identity in a single piece of metal. It serves not only as legal tender but also as a reminder of the enduring principles that have shaped democratic societies for over 800 years.
Whether you’re a history lover, casual collector, or seasoned investor, this coin has something to offer. It brings to life the values of liberty and justice that the Magna Carta stood for and preserves them in a form that can be admired, studied, and passed down to future generations.
So next time you come across a £2 coin with regal figures and medieval scrolls, take a closer look—it might just be the Magna Carta, a symbol of freedom in the palm of your hand.
Read more: Bullion by Post: Safe, Secure, and Convenient Gold & Silver Investment Delivered to Your Door