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2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination

A 2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination is typically worth about £300–£1000 in circulated condition, and £500–£1000 in uncirculated (mint) condition.

Denomination
£2
Year
2015
Mintage
Royal Navy circulation strike ~650,000; mule only ~2 reported
Rarity
Extremely rare
Circulated (worn)
£300–£1000
Uncirculated / BU
£500–£1000

Is it rare?

The 2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination is genuinely rare, so collectors will pay well above face value for a good example.

What to look for

A 2015 First World War Royal Navy £2 whose obverse is MISSING 'TWO POUNDS' below the portrait. Documented cause is the SAME mechanism as the Kitchener mule — the 2014 Trinity House £2 obverse die not being replaced when FWW Centenary production began. NOTE: the candidate's stated 'Lunar-series obverse pairing' cause is NOT supported by sources and should be treated as unverified/incorrect. Distinct from the common 2015 Navy 'flag' die-break and the 4th-portrait variant.
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FAQ

How much is the 2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination worth?
A 2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination is typically worth about £300–£1000 in circulated condition, and £500–£1000 in uncirculated (mint) condition.
Is the 2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination rare?
The 2015 First World War 'Royal Navy' £2 mule missing 'TWO POUNDS' denomination is genuinely rare, so collectors will pay well above face value for a good example.
What should I look for on a £2 like this?
A 2015 First World War Royal Navy £2 whose obverse is MISSING 'TWO POUNDS' below the portrait. Documented cause is the SAME mechanism as the Kitchener mule — the 2014 Trinity House £2 obverse die not being replaced when FWW Centenary production began. NOTE: the candidate's stated 'Lunar-series obverse pairing' cause is NOT supported by sources and should be treated as unverified/incorrect. Distinct from the common 2015 Navy 'flag' die-break and the 4th-portrait variant.
How do I check my own £2?
Open Change Finder and scan your coin — it identifies it, grades the condition and checks for the errors that add value, free for your first check.

Value shown is an indicative collector range from public sources; the real figure depends on condition, grade and demand. Not an offer, valuation or financial advice. Get high-value coins independently authenticated.