Waite–Smith, Pentacles
Two of Pentacles

What you can see
A moving figure holds two pentacles joined by a looping band. Two ships rise and fall on waves behind.
What Waite says
Waite records recreation and gaiety, but also agitation, obstacles and written messages. The lively picture therefore accompanies several different kinds of movement and exchange.
Waite · Part III, §2 · printed p. 278 ↗Edition and image credits
Pamela Colman Smith, illustrations in The Pictorial Key to the Tarot, Rider 1922 reprint, first published 1910. The scans keep the printed borders and page marks, with no cropping or recolouring.