Value of the 2004 Gibraltar Tercentenary £2 Coin
The 2004 Gibraltar Tercentenary £2 coin commemorates 300 years of British sovereignty (1704–2004). The "Queen wearing necklace" description matches the standard Ian Rank-Broadley effigy used on UK/Gibraltar coins 1998–2015.
Key Specifications
- Composition: Copper-nickel (cupronickel) — no precious metal.
- Weight: 12.00 g; Diameter: 28.40 mm.
- Mintage: 41,500 (circulation) + ~2,500 proof (silver) + ~500 gold — but the cupronickel version is the common one.
- Design: Reverse: Rock of Gibraltar with key, scroll "TERCENTENARY 1704–2004". Obverse: Rank-Broadley Queen Elizabeth II.
Market Value (2024 Estimates)
| Condition | Approx. Value (GBP) |
|---|
| Circulated (EF/AU) | £3 – £8 |
| Uncirculated (BU, in card) | £10 – £20 |
| Proof (silver, boxed/COA) | £40 – £70 |
| Proof (gold, boxed/COA) | £800 – £1,200+ (gold spot + premium) |
Value Drivers
- Condition: Bag marks, scratches, toning matter.
- Packaging: Original Royal Mint card, capsule, box, certificate.
- Demand: Gibraltar topical collectors, £2 series completists.
- Metal: Base metal = collector value only; silver/gold = bullion + numismatic premium.
Where to Sell/Buy
- eBay (sold listings = best real-time gauge).
- UK coin dealers (Chard, Baldwin's, London Coin Company).
- Numismatic auctions (DNW, Spink, Noonans).
- Facebook groups: "British Coin Collectors," "Gibraltar Coins."
For a precise valuation, have the coin graded by NGC/PCGS or consult a BNTA-member dealer.
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