5 Pounds - Elizabeth II 5th portrait, 2 oz Fine Silver

The fifth definitive portrait of Elizabeth II, by Jody Clark, was introduced in 2015 after some controversy — the Royal Mint bypassed the traditional Coin Advisory Committee in selecting it, an unusual procedural break. This two-ounce silver issue belongs to the later period of that portrait's use, minted while debate about a potential sixth portrait was already circulating within numismatic circles, a transition that never came before the Queen's death in September 2022.

The Spink reference BSG1 places it within the bullion series, but collector-finish versions were struck alongside standard bullion, and distinguishing them requires attention to the specific packaging and surface treatment rather than any die difference.