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This coin was released to mark the 400th anniversary of William Shakespeare's death and features a skull and rose design inspired by his tragic plays. The date (2016) is shown below with 'WILLIAM SHAKESPEARE' above.
The obverse of this coin features Ian Rank-Broadley's fourth definitive coinage portrait of Queen Elizabeth II, together with an abbreviated inscription that reads 'ELIZABETH II · D · G · REG · F · D · 2 POUNDS ·'.
The edge of Tragedies £2 coins should read 'WHAT A PIECE OF WORK IS MAN', but the edge of this coin instead reads 'FOR KING AND COUNTRY', which is the inscription used on 2016 Army £2 coins.
Coins are struck by pressing a blank disc between two dies, which forces the metal outwards towards a retaining collar. The collar can be used to impress designs on the edge of coins, including lettering and ridges, known as 'milling'.
It is unknown exactly how many of these rare 2016 error coins were released into circulation, but we have only personally seen a handful over the last few years, indicating that they are very scarce.