2 Cents Type 1 coat of arms, bordered value number

Cyprus struck this series throughout the final years before the country applied for European Community membership in 1990, a period when the Central Bank was managing a pound pegged tightly against a basket of currencies. The bordered value variant — KM#54.2 — distinguishes itself from the earlier type by the addition of a border around the numeral, a minor but catalogued die modification introduced during the mid-1980s production run.