2 Dollars - Elizabeth II Presenting the Queen Mother with honorary degree

This issue commemorates the University of London's conferral of an honorary degree upon Queen Elizabeth The Queen Mother, an institution with which she maintained a formal association as Chancellor from 1955 until 1981. The occasion represented one of dozens of honorary degrees she accumulated across her long public life, though the University of London chancellorship was among her more substantial institutional commitments.

Tuvalu's commemorative coinage of the 1990s was produced almost entirely for the collector market, with no meaningful circulation on the islands themselves.