It is hard to imagine a scandal taking place today where the political leaders of our country are arrested for causing the financial markets to crash. But that is exactly what happened when the ‘South Sea Bubble’ burst.
The ‘South Sea Bubble’ was a political and financial scandal that led to the arrests of leading members of Parliament and the near collapse of the stock market. From this turmoil one of the 18th Century’s most interesting coins was produced. Let me tell you how it happened…
The South Sea Bubble
The South Sea Company at the heart of the scandal was a trading company with a monopoly on trade in South America. The company was heavily linked with the government of the day, and a number of MPs owned large shares in the company.
Because of their shares in the company, members of the government began using phoney insider information to convince investors of the huge potential in South American trade, and therefore the profitability of the South Sea Company.
However, once investors realised that there was insider trading taking place, the company’s share price collapsed causing a catastrophic loss of money and property.
Frantic bankers and members of the gentry who had lost their life savings stormed Parliament and the Riot Act was read to restore order. An enquiry found that more than 500 members of Parliament had been involved in the crash and the Chancellor of the Exchequer was imprisoned.
The South Sea Company Shilling
On the brink of collapse, the South Sea Company luckily stumbled across a horde of silver in Indonesia and sold the precious metal to The Royal Mint.
The silver was minted into coins in 1723 with distinctive ‘SS’ and ‘C’ notations on the reverse. The proceeds from this silver helped enable the South Sea Company to recover from the scandal and ultimately continue operating for another century.
The shillings struck with this silver are now almost 300 years old and are a relic of a financial and political disaster which shook the whole country.
If you’re interested…
Historic silver issues are extremely difficult to source, however we have a small stock of just 50 South Sea Shillings available for collectors. Click here to find out more >>
Last year an important milestone was reached; over £500,000 was raised, through sales of Poppy coins, for The Royal British Legion. To mark this incredible milestone, 450 very special Masterpiece Poppy Coins were released.
This year, collectors of the annual poppy coins, have helped raise that total to an incredible £700,000 for The Royal British Legion to provide lifelong support for the Armed Forces community – serving men and women, veterans, and their families.
To mark this new milestone, and the start of The Royal British Legion’s 2017 Poppy Appeal, a 2017 Masterpiece Poppy has been authorised which is even more limited than last year’s issue.
Just 250 to be issued
With a strict edition limit of just 250 pieces this makes the 2017 Masterpiece Coin almost twice as limited as the 2016 Masterpiece issue.
And it is called a masterpiece for a reason. Using cutting edge minting techniques and specialist craftsmanship, the instantly recognisable red Poppy veritably bursts to life from the face of the coin.
As well as the stunning enamel, the 2017 Masterpiece Poppy Coin also has an incredible ultra-high relief, standing over 1.6mm tall. This type of relief can usually only be achieved through relatively unsophisticated casting methods. But this is NOT a cast piece.
It is a fully struck proof coin – and benefits from all the detail, mirroring and frosting that you expect from a commemorative proof coin.
Each coin starts life as a ‘blank’ – a highly polished solid silver disc. Next, the design is struck onto the coin up to 5 times using massive pressure and incredible skill. In fact, the coin is so difficult to produce many dies were broken in the process, but the resulting effect is definitely worth it.
Finally, the coloured enamel is applied to give the coin its famous red Poppy – a perfect fit for a coin officially issued in support of The Royal British Legion.
Each coin is heated to a precise temperature while the enamel colour is prepared. The enamel is applied expertly by hand and heated in between each application to ensure a smooth finish. The end result is astonishing and defines the essence of the Masterpiece.
Available now – with a donation to the Legion…
The 2017 Masterpiece 5oz Silver Proof Poppy Coin is available to own right now from The Westminster Collection, although they are expected to sell out quickly as they are almost twice as limited as last year’s issue.
To further support the work of The Royal British Legion, The Westminster Collection have organised for a donation of £49.50 from the sale of each coin to go directly to the charity, helping them to continue to provide financial, social and emotional support to all who have served and are currently serving in the British Armed Forces and their families.
If you’re interested…
A donation of £49.80 from the sale of each coin will go directly to The Royal British Legion.
In just a few weeks’ time something remarkable happens. Her Majesty the Queen and HRH Prince Philip celebrate 70 years of marriage – their Platinum Wedding Anniversary
You probably know someone who has celebrated their Golden Wedding Anniversary (50 years of marriage). You may even know someone who has reached 60 years – their Diamond Wedding Anniversary. But I’d be happy to place a small wager that you don’t know anyone who has managed 70 years of marriage.
That’s because only around 30 couples in the whole of the UK ever reach that milestone each year. Or to put it another way – the Queen and Prince Philip are literally one in a million.
And to mark the occasion, eight special commemorative 50p coins have been issued. It is the VERY FIRST time that British Isles specification 50p coins have been struck to mark a key royal wedding anniversary such as this.
Most importantly, these coins have been authorised by the Isle of Man Treasury, have full legal status AND a very limited number will enter circulation in the Isle of Man.
The UK’s most collectable coins…
The 50p coin has rapidly become the UK’s most collectable coin spurred on by the release of the Olympic 50p coins and, more recently, the incredible demand for the UK’s Beatrix Potter coins.
And that’s why these issues are so important.
British Isles 50p coins like this rarely turn up in your change in the UK, making them some of the most sought-after circulating coins around.
As the first major Royal wedding anniversary to feature on any British Isles standard specification 50p coins, this is a very significant moment.
A moment that’s made even more important due to the incredible milestone 70 years of marriage represents.
How you can own the new coins…
Start collecting the new Platinum Wedding 50p coins, struck to superior Brilliant Uncirculated Collector Quality for your special introductory price of just £3.99.