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The London 2012 Olympic games finished with the closing ceremony, in which Rio received the Olympic flag in the handover. This marked the end of the Olympic games in London, and the start of Rio's responsibility to carry on the games, in 2016.
The reverse design (by Jonathan Olliffe) of this £2 coin shows a baton being passed to symbolise the handover, accompanied by flags from both the United Kingdom and Rio. A running track is shown below and the London 2012 logo is above this. The words "London 2012" and "Rio 2016" are seen on the outer ring of the coin. Ian Rank-Broadley's 4th portrait obverse design is used.
The edge inscription "I CALL UPON THE YOUTH OF THE WORLD" is part of the speech made by the International Olympic Committee President made at the end of each Olympic games, closing the current games and calling upon the youth of the world to "assemble four years from now" in the next host country.
With a mintage of 845,000, this is a very collectable coin and circulated could be worth up to 4x face value.
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Find out which other £2 coins are rare or valuable, visit the £2 Coin Value index page to learn more about UK coins in circulation and new releases.
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.