The coin marks the first of The Royal Mint’s ‘Music Legends’ collection.

It commemorates all four members of the band through the portrayal of each of their instruments – the Bechstein grand piano played by Freddie Mercury, Brian May’s ‘Red Special’ guitar, John Deacon’s Fender Precision Bass and Roger Taylor’s Ludwig bass drum.

Brian May from Queen said: “This is a big ‘Who could have imagined it?’ moment for us.  When we began as Queen, even the first rung of the ladder to recognition seemed remote and unreachable.  To have our band recognised and our music celebrated in this way is very touching – a real honour.”

The coin will not be entering general circulation but can be bought from today directly from The Royal Mint website.

Prices range from £13 for a £5 brilliant uncirculated coin up to £2,020 for a one-ounce gold proof coin.

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Nicola Howell, chief commercial officer at The Royal Mint, said: “Queen were one of the most influential bands of their generation, and their timeless classics are still enjoyed by millions of fans around the world. That’s why we’re so pleased to be honouring their great contribution to British music with their very own coin, which will be the first time a British band has been celebrated on UK coinage.”