Wednesday, February 6, 2013

Coins and Sets for the 60th Anniversary of the Queen’s Coronation

The Royal British Mint has released several products which celebrate the 60th Anniversary of the Coronation of Queen Elizabeth II. This follows the many Diamond Jubilee products issued last year to celebrate 60 years since the Queen’s accession.

The 2013 60th Anniversary of the Queen’s Coronation £5 Coin was released in December 2012. The reverse design features a depiction of the Imperial State Crown, which was worn just after the Coronation ceremony. An inscription above the crown reads “To Reign and Serve – A Vow Made Good”.

The obverse of the coin contains the Ian-Rank Broadley effigy of Queen Elizabeth II with the “2013″ date.

This coin is available in copper-nickel composition in brilliant uncirculated quality, packaged with an illustrated folder. A 22-karat gold proof version is available with a mintage limit of 2,000. A silver proof version is limited to 15,000 pieces, a gold plated silver proof version is limited to 12,500, and a silver piedfort proof version is limited to 3,250. The coin is also included in various annual sets.

Just announced this month is 2013 The Queen’s Portrait Four Coin Set, available in three different precious metals options . The obverse designs of the coins feature each of the portraits that the Royal Mint has used for circulation coinage, which were designed by Mary Gillick, Arnold Machin, Raphael Maklouf, and Ian-Rank-Broadley.

A common reverse design features the Royal Arms reimagined by sculptor James Butler.

A Gold Proof Four Coin Set will be offered with a limit of 450 sets. Also available will be a silver proof set limited to 4,800 and a piedfort silver proof set limited to 2,700 sets.

The Royal Mint has a section of their website which showcases products celebrating the 60th Anniversary of the Queen’s Coronation, which can be found here.

Wednesday, August 15, 2012

Royal Mint Arthurian Legend Masterpiece Gold and Silver Medals

The Royal British Mint recently unveiled the third in a series of medals which are created to showcase the skill and craftsman ship of Royal Mint engravers. The gold and silver medals for this year are designed by Lee Robert Jones and inspired by the legend of King Arthur.

The obverse of the medal depicts Arthur as a Warrior King defeating the Saxons as Merlin stands in the background. The battlefield is shown with mist and smoke rising into the air and the dragon flags planted by the cavalry symbolizing victory. The reverse depicts Arthur as a wounded and defeated King offering his sword Excalibur to his Knight Bedivere. In the background appear Arthur’s wife Guinevere embracing Lancelot and Arthur’s half sister Morgana holding her staff with a raven atop.

Both the gold and silver medals feature the same intricate design and are struck in high relief. Both are oversized to provide a large canvas for the work. The .999 silver coin has a weight of 250 grams (8.04 troy ounces) and diameter of 80 mm. The .999 gold coin has a weight of 313 grams (10.06 troy ounces) and diameter of 65 mm.

As might be expected, these are extremely limited in mintage and premium priced. The silver medal has an issue limit of 500 and is £695.00, and the gold medal has a limit of just 25 and is priced at £23,500.00. The product pages can be found here and here.

What I like most about these medals and why I wanted to highlight them is the concept of the series. Coin design can be restrained by legal or other requirements for the depiction, the specifications of the particular series, and/or the inclusion of required inscriptions. This of course comes with the medium, but it is great to see the artists work in a format ideally suited to showcasing skill and craftsmanship.

From the Royal Mint’s own description of the Masterpiece series:

The Masterpiece is defined by attention to detail at every level; the medal is always highly intricate and immaculately struck to a high relief. The intention is to embody the history and heritage of the specialist art of engraving, the result of originality coupled with the quality of execution.

Thursday, June 14, 2012

Britannia Silver Bullion Coins

The Royal British Mint issued the first Silver Britannia coins in proof format in 1997. This was followed by the issuance of 1 oz. silver bullion coins in 1998 and each subsequent year. While these coins have typically carried a lower profile than other world silver bullion coins, this status may be changing.

For each year of issue, the obverse design of the coin has featured the Ian Rank Broadley effigy of Queen Elizabeth II. The reverse has carried an image of Britannia, which at first alternated between standing Britannia designed by Philip Nathan and a new version created for odd numbered years. This pattern changed after 2006. Eventually, the standing Britannia design was brought back for the 25th anniversary of the Britannia series in 2012.

The 1 oz. silver bullion coins carry a legal tender face value of £2. The composition is “Britannia Silver” or 95.8% purity. Each coin has a weight of 32.454 grams (including 1 troy ounce of pure silver) and a diameter of 40 mm.

A summary of the design and mintage for each year of release for the silver bullion coins is included below.

1998-2012 Britannia Silver Bullion Coins

Date Design Mintage
1998 Standing Britannia 88,909
1999 Chariot 69,394
2000 Standing Britannia 81,301
2001 Una and the Lion 44,816
2002 Standing Britannia 48,215
2003 Britannia’s Helmet 73,721
2004 Standing Britannia 100,000*
2005 Seated Britannia 100,000*
2006 Standing Britannia 100,000*
2007 Seated Britannia and Lion 100,000*
2008 Britannia on Beach 100,000*
2009 Chariot 100,000*
2010 Corinthian Helmet 100,000*
2011 Billowing Union Flag 100,000*
2012 Standing Britannia 100,000*
*number authorized

In recent years, the bullion coins have been limited to an annual issuance of 100,000 coins, which is extremely low compared to the multiple millions of silver bullion coins issued each year by some other countries. The Silver Britannia coins have also typically been priced at a higher premium.

The limited mintage, pricing, and alternating designs seemed to target the coins at a different segment of the market than bulk bullion purchasers. Based on announcements made earlier this year, the Royal Mint is seeking to change this status and expand into their presence in the world bullion market.

Starting with the 2013-dated coins to be issued in November 2012, the composition will be changed to 99.9% purity, which is used for most other world silver bullion coins. The style of packaging will be changed to more of a bulk format. Finally, the coins will no longer be subject to the 100,000 limited mintage, but will be minted to order.

If the expansion is successful and the Silver Britannia coins gain a greater penetration within the market, this seems like it would have a favorable impact on earlier bullion issues. From a collector standpoint, the series has some points of interest such as the diversity of designs and what may prove to be extremely lower mintages for the issues of 1998 to 2012 compared to the subsequent issues. This may be a bullion series to watch in the coming years.

Monday, May 28, 2012

Diamond Jubilee Kilo Gold and Silver Coins

Kilo-sized gold and silver coins to celebrate the Diamond Jubilee of Queen Elizabeth II were recently released by the Royal British Mint and the Perth Mint. This adds to a large and growing number of coins issued to mark 60 years of reign.

The .999 fine gold and .999 fine silver kilo coins issued by the Royal British Mint are struck to proof quality. The obverse features Queen Elizabeth II in Garter Robes, while the reverse features the Royal Coat of Arms found on the gates of Buckingham Palace. The coins are struck with a deeper relief than any other UK Diamond Jubilee coins to make the design sharp and contrasting.

The kilo gold coin has a face value of 1000 pounds and is limited to a mintage of 60 pieces. Pricing is not listed, but the Royal Mint states that the gold kilo coins “usually sell out within days.” The kilo silver coin has a face value of 500 pounds and is limited to a mintage of 1,000 pieces. The price indicated on the Royal Mint product page is £2,600.00. (I believe this includes 20% VAT, which is not applicable to US customers.)

Additional information can be found on the Royal Mint website.

The Perth Mint released their .9999 fine gold and .999 fine silver kilo Diamond Jubilee coins today. The obverse features the Ian Rank Broadley effigy of Queen Elizabeth II, while the reverse features St. Edward’s Crown with the design encircled by 60 diamonds. Each coin is struck to proof quality.

The kilo gold coin has a face value of 3000 dollars and is limited to a mintage of 60 pieces. The price is listed at US$56,298.35. The current market value of the 32.151 troy ounces of gold content is $50,583.17.

The kilo silver coin has a face value of 30 dollars and is limited to 600 pieces. The price is listed at US$1,779.72. The current market value of the 32.151 troy ounces of silver content is $912.12.

Previous coins issued by the Perth Mint to celebrate the Diamond Jubilee have included a 2 oz. gold proof coin with an embedded diamond and a 1/4 oz gold proof coin, which are listed as unavailable and sold out. The mintage limits were 60 and 1,000, respectively. A 1 oz. silver coin featuring a color design and limited mintage of 7,500 still remains available for sale.

Additional information and ordering for all Perth Mint Diamond Jubilee coins can be found on this page.

Perth Mint Brisbane ANDA Coin Show Special

The Perth Mint has also opened website sales for the purple colored 2012 Year of the Dragon Silver Coin issued for the Brisbane ANDA Coin Show.

This 1 oz. silver coin features a design of a purple colored dragon with the pearl of wisdom. Only 5,000 coins in the special ANDA Coin Show packaging will be released, however it seems that the same coin has been issued within other formats previously. This has included 9 and 10 coin sets issued worldwide or for the Chinese market.

A previous black colored Year of the Dragon coin released for the World Money Fair has sold out quickly and still commands a premium on the secondary market.

Here is the Perth Mint’s product page for the Brisbane ANDA Coin Show Special.

Friday, May 4, 2012

Similar Design Strategies Applied

This year the Royal British Mint issued a £2 commemorative coin to mark the 200th anniversary of the birth of Charles Dickens. The design takes the approach of creating a profile of the author constructed from the titles of some of his works.

The designer of the coin Matthew Dent included the titles in different fonts and sizes to create a visual image that resembles a profile of the famous author. The coins were issued in standard base metal composition with silver and gold versions released later in the year.

Upon seeing this coin, I was immediately reminded of the design for a five euro silver coin issued by the Royal Dutch Mint to commemorate the Netherlands and Architecture.

The designer of this coin was Stani Michiels who created the design using free software. The names of important architects from Dutch history are placed in a concentric spiral. The designer used the internet as a popularity meter to determine the order of appearance with the outermost names appearing in the largest size, progressing to smaller sizes for the innermost names. Certain letters are selectively emboldened to form the image of Queen Beatrix.

The Netherlands and Architecture 5 Euro Silver Coin was released in 2008. At the time, I had been collecting almost exclusively United States coins, but I was intrigued enough to track down this coin to see it in hand. Since this time I have greatly expanded my coverage and collecting of world coin issues.