Llandudno sculptor Nick Elphick, who regularly appears in the BBC series Extraordinary Portraits, created the design after consulting Jones’ family.
He said the most challenging aspect was representing a larger than life character while making sure his smile was “just right for the family”.
The life-sized sculpture shows the late star nude, wearing a flapping tie and with wild hair, grinning as he strikes the classic ‘organist’ pose.
The organ merges into Terry’s writing desk, loaded with nods to his multi-faceted career.
It reflects his work beyond Python including his medieval history books.
“I’m a perfectionist so I’m never happy, but I know that I’ve put my heart and soul into it,” said Elphick.
“I’ve done literally 15-hour days for nearly a year and a half now, so I’m hoping that people love him.”