
2005 was the 60th anniversary of VE Day - the end of the second World War in 1945 and Victory in Europe.
The reverse shows a scene of the London Blitz: St Paul's Cathedral illuminated by searchlights. The value 'TWO POUNDS' is written above and the dates 1945–2005 below. The edge inscription says 'In Victory Magnanimity in Peace Goodwill'. It was designed by Bob Elderton.
The obverse is the Ian Rank-Broadley portrait of Queen Elizabeth II.