Designed by the Royal Mint, which was granted a private sitting with the couple at Kensington Palace shortly after they announced their engagement, the coin shows the couple in a "relaxed and informal" setting.
The couple are seen "looking lovingly into each other's eyes", highlighting "the easy familiarity and connection between the royal duo", said Royal Mint chief executive Anne Jessopp.
"It has been an honour for the Royal Mint to work closely with Prince Harry and Meghan Markle to create the authentic royal wedding coin celebrating this most British of celebrations," she said.
"I have been in post as CEO of The Royal Mint for just a couple of months, and already The Royal Mint has celebrated the birth of His Royal Highness Prince Louis of Cambridge, and now a royal wedding, so it's a very exciting year for The Royal Mint in terms of royal moments."An uncirculated version of the coin is priced at £13, a silver proof coin is on sale for £82.50, and the gold proof version will set you back £1,980.
Harry and former Suits actress Ms Markle will tie the knot on 19 May at St George's Chapel, Windsor Castle, after getting engaged following a 16-month romance.
The Royal Collection Trust has released an official Prince Harry and Meghan china collection, which will be sold at the Queen's Gallery shop at Buckingham Palace.
Unofficial commemorative merchandise - tea towels, mugs, magnets, shopping bags, car stickers and more - is on sale across the world as people count down to the big day.
Harry previously featured on an Alderney coin by the Royal Mint in 2005 to mark his 21st birthday.
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