In 1997 the Isle of Man released a new circulating denomination: a bimetallic two pound coin. The design depicts a Jaguar, Rolls-Royce and Napier in a vintage car rally.
Because of the Manx preference for banknotes, and because they had retained their Manx one pound note, I suspect that not many of these coins actually found their way into circulation.
Also in 1997, the Isle of Man reduced the size and weight of its fifty pence coin. The UK made the same change to its own fifty pence coin in 1997. The Isle of Man kept the same sports design it had used for the larger version of the fifty pence.
Note that the edges of ALL Manx two pound coins (bimetallic and nickel-brass versions) have a reeded edge and they do NOT have an edge inscription.