1994 Proof Two Pound Mule PCGS PR69DCAM
In 1994, the Royal Mint issued a two pound coin to celebrate the Bank of England’s three hundredth anniversary. The commemorative reverse was naturally a new design, but the obverse was also very different to the traditional double sovereign: The effigy was smaller, while the legend was in a different position; most noticeably, the coin’s denomination was written in full. Therefore, in 1994, when the Royal Mint erroneously issued a small number of two pound pieces struck with the double sovereign die (which did not bear the denomination) instead of the two pound die, a new mint error was born. Some of these errors were recalled, but a small number managed to escape into the market, where they trade today. Like all mule coins, the 1994 two pound muled with the double sovereign obverse is keenly sought-after, and with very few coins appearing on the market, they continue to trade at a large premium to the original issue price. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale).