What is the value of a 2004 Gibraltar Tercentenary Two Pound coin with Queen wearing necklace?

The value of a 2004 Gibraltar Tercentenary Two Pound coin with Queen wearing necklace can vary depending on several factors such as its condition, rarity, and market demand. Here's a general idea of its value:

1. Collector Value: The 2004 Gibraltar Tercentenary Two Pound coin is a commemorative issue marking 300 years since the capture of Gibraltar by British and Dutch forces in 1704. As a commemorative coin, it has a higher collector value compared to regular circulation coins.

2. Mintage: The mintage of the 2004 Gibraltar Tercentenary Two Pound coin was limited to 41,500 pieces, making it scarcer than ordinary circulation coins. Lower mintage numbers can increase the potential value of a coin.

3. Condition: The condition of the coin plays a significant role in determining its value. Coins in mint state (MS) or uncirculated condition are generally worth more than those that show signs of wear and tear.

4. Market Demand: The demand for the coin among collectors and investors also influences its value. Commemorative coins with historical significance or appealing designs often attract more interest and can command higher prices.

5. Precious Metal Content: The 2004 Gibraltar Tercentenary Two Pound coin is composed of cupronickel, which is a base metal alloy. As it does not contain precious metals like gold or silver, its bullion value is relatively low.

Based on these factors, the value of a 2004 Gibraltar Tercentenary Two Pound coin with Queen wearing a necklace can range from a few dollars to several tens of dollars. For a more accurate assessment, it's advisable to consult a reputable coin dealer or a professional numismatic service that can provide a more accurate appraisal based on the specific characteristics and condition of the coin.