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The British mint, the Royal Mint, has produced a special gold coin to mark Queen Elizabeth II's Platinum Jubilee Unveiled. Weighing in at 15 kilograms of pure gold, it is the largest coin ever minted by the mint. The coin is made of 99.99% pure gold and has a diameter of 22 centimeters. The obverse depicts the queen on horseback, the reverse a crowned EIIR cipher, surrounded by roses, daffodils, thistles and shamrocks, symbolizing the United Kingdom. The years 1952 and 2022 obviously refer to the 70th anniversary of Queen Elizabeth II.
The 96-year-old queen has personally approved John Bergdahl's design. According to the mint, nearly 400 hours of work went into making the coin. Due to its size, it was not possible to mint the coin in the normal way. Instead, the mint used a milling machine to engrave the design onto a solid block of gold. The coin is polished and finished by hand, so that all the details stand out.
"The scale and diameter of the coin have allowed us to push the boundaries of minting to produce an exceptional level of relief and detail," so stated Paul Morgan of the Royal Mint. The coin has a face value of £15,000, but the intrinsic value of the gold is of course much higher. With a Gold price of about €56,000 for a kilo of gold the gold value of this coin alone is €840,000. The collector's value is of course much greater, because it is a unique object. The British mint sold the coin to a wealthy collector, who said the following about this purchase: "As a long-term customer of the Royal Mint, I have invested in unique and interesting coins that mark moments from the Queen's reign that will remain in my family for generations."
This one-of-a-kind 15-kilo coin is not the largest coin ever made. In 2007, the Canadian Mint unveiled the Million Dollar Coin, a 100-kilogram gold coin with a face value of 1 million Canadian dollars. This coin also features the portrait of Queen Elizabeth II. This country is part of the former British Commonwealth. To mark the Jubilee of Queen Elizabeth II, the mint has also minted a large number of commemorative coins for the wider public. These coins, with a face value of 50 cents, will be published in a mintage of more than 5 million pieces. To date, 1.3 million of these have already been put into circulation. The mint also sells a set of regular coins.
This contribution comes from Geotrendlines
