200 years of the modern railway £2 (2025)

The Modern Railway £2 marks the 200th anniversary of Locomotion No. 1's journey from Shildon to Stockton, the first steam-hauled train on a public railway. It was a 2025 collector issue and never entered circulation. It is one of the 85 £2 designs struck since 1986.

Locomotion No. 1 heading left with a man aboard, hauling wagons packed with passengers, a legend around the ring
Photo: The Royal Mint, 2025

200 years of the modern railway £2 value

Uncirculated
typical £14, range £13 to £16

Worked out from 7 published prices (4 dealer prices, 2 sold-price reports and 1 price guide), each condition from its own prices, checked in September 2026.

Not issued for circulation

The Modern Railway £2 was a collector issue from the start. Brilliant uncirculated examples reached buyers in the Royal Mint pack, loose in capsules and in sealed certified cards, while proof collectors had silver, piedfort and gold versions. A sealed Royal Mint pack sells ahead of a loose coin. The crowd of tiny passengers and the engine are the most detailed parts of the design, so check them for rubbing or knocks on any coin sold outside its packaging.

200 years of the modern railway £2 mintage and rarity

The 200 years of the modern railway £2 was not issued for circulation, so it has no rarity rank.

How to spot a 200 years of the modern railway £2

The Modern Railway £2 shows an early steam engine heading left with a figure standing on it and a string of open wagons full of people behind. Look for THE JOURNEY THAT CHANGED THE WORLD around the left side and top of the yellow ring, with the two anniversary years at the lower right. The edge reads ACTIVE · LOCOMOTION NO 1, and King Charles III is on the obverse. The wagons of passengers set it apart from the Flying Scotsman £2 coin, which shows the locomotive on its own.

200 years of the modern railway £2 design

On 27 September, two hundred years before this coin was issued, George Stephenson's Locomotion No. 1 pulled out of Shildon with hundreds of passengers aboard and ran 26 miles by way of Darlington to Stockton. It was the first time a steam-powered train had carried passengers on a public railway, and the journey opened the age of steam travel. Railways went on to shape trade, tourism, the post and even football. The Royal Mint marked the 200th anniversary in 2025 with this £2 coin by William Webb, who also designed the HMS Beagle £2 of 2026. His reverse shows the day itself rather than the engine alone: Locomotion No. 1 steams towards the left with a man standing on the engine, hauling a line of wagons crammed with excited passengers that trails away to the right. THE JOURNEY THAT CHANGED THE WORLD curves around the left and top of the outer ring, and the two anniversary years sit together at the lower right. The edge names the engine, ACTIVE · LOCOMOTION NO 1. The Royal Mint pack looks at how the railway changed everyday life, and the design was also struck in silver proof, silver proof piedfort and gold proof.

200 years of the modern railway £2 specifications

Denomination
£2
Year
2025
Type
Commemorative
Issue
Not issued for circulation
Occasion
Bicentenary of the modern railway, marking the 1825 journey of Locomotion No. 1
Designer
William Webb
Composition
Cupro-nickel centre, nickel-brass outer ring
Weight
12 g
Diameter
28.4 mm
Shape
Round
Edge
Milled, with incuse inscription · ACTIVE · LOCOMOTION NO 1
Obverse
Charles III, first portrait by Martin Jennings

200 years of the modern railway £2 questions

Was the Modern Railway £2 released into circulation?

No. It was issued in 2025 for collectors, in brilliant uncirculated quality and in proof, so it does not turn up in change.

Which train is on the Modern Railway £2?

Locomotion No. 1, George Stephenson's engine, pulling wagons of passengers on its first run from Shildon to Stockton. The edge inscription, ACTIVE · LOCOMOTION NO 1, names it.

Who designed the Modern Railway £2?

William Webb, who went on to design the HMS Beagle £2 coin of 2026.