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.