1887 Proof Two Pound without BP initials - PCGS PR62DCAM

Great Britain, 1887 Proof Two Pound without BP initials -

Although it is not widely known, both the five and two pound proof pieces of 1887 can be found with and without Benedetto Pistrucci’s initials on the reverse. Although the exact number minted of each variety is not known, surveys show that a mere one in twenty are of the missing-initials type. As just 797 proof two pound pieces were issued of both types, fewer than 50 pieces without the initials could be in existence. Even if we doubled that number, to be on the conservative side, fewer than 100 examples could be out there in the market or in collections, making this piece rarer than the 1839 Una and the Lion £5 piece, or Australia’s famed 1852 Type II Adelaide Pound. RARE in any case, and equal third-finest graded by PCGS (5/19). Unpriced in Spink.