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On 6th July 2005, it was announced that the 2012 Olympic Games would be held in London, this would be the first time since 1948. The Olympic Games were also held in London in 1908.
Beijing held the 2008 games and on the 24th August, the Mayor of Beijing, Guo Jinlong, handed the Olympic flag over to the Mayor of London, Boris Johnson.
This coin was to commemorate the occasion of the Olympic handover, designed by the Royal Mint Engraving Team, it has one hand passing the Olympic flag to another hand. It was the first coin to feature the London Olympic 2012 logo.
The outer section of the coin, behind the writing "BEIJING 2008 LONDON 2012" is styled to look like the lanes of a running track.
The Obverse side is the 4th portrait of H.M. Queen Elizabeth II, by Ian Rank-Broadley, this portrait has been used from 1998 until 2015.
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The handover from Beijing to London took place on 24 August 2008. Following the Olympic Games tradition, the flag bearers and athletes of each country entered the stadium. The national flag of Greece, as well as the flags of the host country and the new host country, were hoisted, and after the closing speeches the Olympic flag was passed from the Mayor of Beijing to the Mayor of London. The Olympic flame was extinguished and the Olympic flag carried ceremonially from the stadium.
Sellers of coins from circulation would like to sell coins for as much over face value as possible, so often refer to "rare mint error" in the description on marketplaces such as eBay. If you are looking to buy this coin, read this first to ensure you do not pay far more than the coin is worth as a collector item.
No mint errors for this coin have been confirmed by The Royal Mint.