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As of March 2014 there were an estimated 6.55 billion 2p coins in circulation corresponding to a value of £131 million. Two pence coins are legal tender for amounts only up to the sum of 20p when offered in repayment of a debt; however, the coin's legal tender status is not normally relevant for everyday transactions. [citation needed]
- 25.9 mm
- 7.12 g
- Plain
- £0.02
These coins were made legal tender for amounts of up to one shilling by a proclamation of 26 July 1797. Short-lived twopence coins in silver were also minted in 1817, 1818 and 1820. Twopence coins were made redundant in 1860 with the advent of bronze coinage.
- 41 mm (1.6 in)
- 56.7 g (2 oz)
- Plain
- 2d sterling
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The first copper-plated steel 2p coins were struck in 1992. The reason for this change was the increase in the price of metals on the world markets. The coins have a mild steel core and are electroplated with copper - consequently, they are magnetic. The 2p coin is legal tender for amounts up to 20p.
Coins issued in 1971 have now been circulating for 53 years. One penny and two pence coins are legal tender only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt.
Coin NameMintageEffigyLegendunknownunknownunknown117,752,674The 2p was first issued in 1971 (although 1971 coins were actually made available earlier in blue folders to enable the public to become familiar with them). With the penny, it is one of only two denominations that has been made to the same size specifications from decimalisation in 1971 right up to the present day.
The second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008. One penny and two pence coins are legal tender only up to the sum of 20p; this means that it is permissible to refuse payment of sums greater than this amount in 1p and 2p coins in order to settle a debt.
Jan 11, 2024 · Obverse. Status as legal tender. Mintages. Composition. From its first minting in 1971 until 1992, two pence coins were made from bronze. In 1992, this was changed to copper-plated steel because of the increasing price of copper used to make bronze. Both the bronze and steel versions were made in 1992 only.
