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2 Pounds - Elizabeth II Olympic Handover, Silver Piedfort

Issuer Royal Mint
Year 2012
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Technique Milled
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Obverse script Latin
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Reverse description Central design depicts two hands passing an Olympic baton in a symbolic gesture of handover between host nations, positioned above the national flags of the United Kingdom and Brazil. The composition commemorates the transition of the Olympic Games from London 2012 to Rio de Janeiro 2016. The official London 2012 Olympic Games logo appears below the central motif, with the legends LONDON 2012 and RIO 2016 flanking the design, the initials JAO appearing as a reference to the designer.
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The Olympic Handover piedfort commemorates the moment at the 2008 Beijing closing ceremony when the Olympic flag was passed to London's then-Mayor Boris Johnson — an exchange that formally began the four-year countdown to the 2012 Games. Piedforts, struck at twice the normal flan thickness, have been a Royal Mint specialty since their modern revival in 1982 and carry no circulation function whatsoever; they exist entirely for the collector market.

Spink reference LO32 places this within the London Olympics commemorative series, one of the most extensive coin programs the Royal Mint had undertaken to that point — over 29 designs across multiple metals and formats.

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