Posts Tagged ‘Coin’
Released today: the new 2017 United Kingdom Prince Philip £5 coin
On 4th May Buckingham Palace announced that HRH the Duke of Edinburgh, after 70 years at Her Majesty’s side, would be retiring from public duty. To mark this record-breaking achievement, and celebrate his 70 years of service to Her Majesty the Queen, The Royal Mint have today released a brand new design in tribute to Prince Philip.
The design features Humphrey Paget’s (1893-1974) portrait of The Duke of Edinburgh. Paget’s legacy was much more than just this portrait though – he is now considered to be one of the most exceptional coin artists of the 20th century.
The Royal Mint’s coin designer Lee R. Jones has added to the portrait to include a table inscription and an edge inscription. The final design has been officially approved by Prince Philip himself.
The coin is available in Gold Proof, Silver and Brilliant Uncirculated Base Metal. Here’s your guide to the new 2017 United Kingdom Prince Philip £5 coin range:
Perfect Quality. Very Affordable.
The Prince Philip CERTIFIED BU £5 Coin
The Royal Mint is releasing a brilliant uncirculated base metal version of the Prince Philip £5 coin. These coins have been specially struck and carefully handled to ensure that they are free of scratches and chips found amongst circulating coins.
Known as Brilliant Uncirculated (BU), they are available for £13.00 in a Royal Mint Presentation Pack or £10.99 in a Change Checker Certified Brilliant Uncirculated Collector Card.
Silver Proof – the Collector’s Favourite.
UK 2017 Prince Philip Silver Proof £5
The Silver Proof £5 coin is firmly established as the most sought-after coin amongst collectors because they have all the qualities that collectors really desire.
- Precious metal content – struck from 925/1000 Sterling Silver
- Strictly Limited Edition – just 3,000 coins. That’s EVEN LESS than the last UK Prince Philip coin issued for his 90th birthday. With a mintage of 4,599 it was, at the time, the most limited Silver Proof UK £5 coin ever issued.
- The perfect Proof Finish – even better than Brilliant Uncirulated. Proof coins are struck several times using specially polished dies to create a flawless finish with a perfect mirrored background. The ultimate coin quality.
The Gold Standard
UK 2017 Prince Philip Gold Proof £5
For the ultimate limited edition, a Gold Proof coin has also been issued. Struck in 22 carat Gold, just 300 of these coins have been authorised for release.
If you’re interested …
You can own one of the Prince Philip £5 Coins. Click here to see the range >>
Take a look at the history of the British crown coin…
Discover the journey of the crown coin and how it became the UK’s flagship £5 commemorative coin…
For more information about the history of the crown coin click here.
Click here to download your own printable version of The History of the Crown Coin.
Your guide to buying a silver bullion coin
Bullion coins are some of the most sought-after coins in the world, often selling out and causing stock shortages at major national mints. So what do you get for your money? And why should you buy one?
The 2016 Silver Britannia
Well the key reason most people purchase a bullion coin is the precious metal content. For example, the UK £2 Britannia coin contains an ounce of pure 999/1000 silver. Soon enough one coin turns into many and you can find yourself owning a sizeable amount of silver.
But these coins are not just lumps of metal. The silver Britannia is also a real piece of craftsmanship, with a beautifully evocative design struck with all the expertise of the Royal Mint.
Combine this craftsmanship with the silver content and you start to see just why this coin is so collectable.
But why is this any different from a silver bar, or a silver round?
Top tips for buying silver bullion coins
UK bullion coins carry the authority and security of being a government issued coin. There is never any debate about their purity or integrity. In fact they are checked every year at a 734 year old ceremony called the Trial of the Pyx. You can buy one safely in the knowledge that you are getting what you pay for.
This also explains why bullion coins sometimes appear to have a ‘misleading’ face value. The Britannia is a £2 coin, but the silver content is worth much more than that. The truth is the face value is really there to legitimise the coin and prove that it is an official state-authorised issue.
And legal tender British bullion coins have a final bonus – they will never incur any Capital Gains Tax. This makes them the perfect way to pass down silver through the generations.
Phillip Nathan’s ‘Standing Britannia’ design
But you will have to pay VAT. And as with any struck coin, you will have to pay a small premium over the raw metal value to cover production costs. At the time of writing, raw silver is trading at around £10.50 an ounce, but you’d be hard pressed to find a way of buying a single ounce at that price.
Bullion coins facilitate an easy entry into the world of owning silver and coins. They are not about face value or edition limit, but you can still have the satisfaction of securing a collection of genuine, bona fide UK coins – at as close to the raw silver price as you are likely to get.
Top Tips for buying silver bullion coins:
- Pick a country with a strong tradition of issuing bullion coins
- Expect to pay a small premium over the intrinsic silver value
- Remember the face value of your chosen coin is not related to its value
- Buy British silver bullion coins and there’s no Capital Gains Tax to pay