Posts Tagged ‘Silver Coin’
Why silver coin covers are one of today’s most highly sought-after commemoratives
Over the last couple of years, Silver Coin Covers have become one of the fastest selling of all commemorative issues. The stamps, postmarked on a specific anniversary date, capture a moment in time forever, whilst the precious metal silver coin, ensure enduring intrinsic value within the cover.
Importantly, over the last 12 months, Silver Coin Covers have been some of the fastest selling issues in the UK coin and stamp market.
Click here to view our current selection of Limited Edition Silver Coin Covers.
Britannia DateStamp™ Silver Sets: sold out in 15 days
Just 15 days since it went on sale, the complete 495 edition of DateStamp™ “958” and “999” Silver Britannia Set has been fully reserved by collectors looking to capture an unprecedented, never-to-be-repeated moment in the history of this most iconic of British coins.
So why so special?
The ‘old’ 958 Britannia last struck at the end of 2012
Here’s the background. For the last quarter of a century, the 1oz Britannia Silver has been struck in, not surprisingly, ‘Britannia Silver’ with a purity of 95.8% silver – or more commonly 958/1000. Out of its total 32.45 gram weight, 31 grams was pure silver (1 troy ounce), the rest an alloy.
New year, new Britannia
Until recently that is. Other silver 1oz classics have always been struck in 999/1000 silver, the trademark standard of silver bullion coins the world over. Britannia at 958/1000 was the odd one out.
In with the new – from 1st January 2013, the 1oz Britannia is struck for the first time ever in 999/1000 silver
And so, from 1st January 2013, we waved goodbye to the old ‘958’ Britannia and for the first time ever, welcomed in the new ‘999’ silver 1oz coin – bringing her in line with the US Eagle and Canadian Maple Leaf but also securing Britannia’s status as Britain’s purest silver coin.
The end of one era – the beginning of another
Specification changes like this one don’t come along very often. And when they do, collectors look for something very special to remember it by.
The limited edition Silver Britannia ‘DateStamp™’ Set pairs up one of the last 2012 strikes of the ‘old’ 958 Britannia with one of the very first brand new 2013 versions minted in the purest 999 silver.
A moment captured in time
To mark this unprecedented change in Britannia’s history, each of the two ‘DateStamp™’ Set coins is presented in a tamper-proof capsule alongside a gold 1st class stamp, postmarked on the first or last day of issue – 31st December 2012 for the ‘958’ coin and 1st January 2013 for the new ‘999’ coin. The perfect way to capture and preserve a real piece of coinage history.
Also adding extra value, each set also has its own unique serial number guaranteeing its authenticity and limited edition status.
Missed out on owning one of the 495 sets? Other DateStamp™ coins are available, click here to see the full range.
Royal Mint abandons Britannia Silver
After 25 years the Royal Mint has abandoned Britannia Silver as a standard for UK coins.
First introduced under the 1696 Coinage Act to combat the melting down of sterling silver coins, the Royal Mint most recently revived the standard in 1987 for the introduction of the £2 Silver Britannia Coin. As a nod to its design, the Royal Mint opted to strike this coin to the Britannia standard – 958/1000 silver (95.8% pure).
Whilst this made the Silver Britannia Britain’s purest silver coin, it created a problem with its international popularity, as the rest of the world does not recognise this uniquely British silver standard.
For quarter of a century, the Mint continued to maintain the Britannia standard but this year they have finally abandoned it in favour of the more internationally accepted 999/1000 purity, bringing the silver Britannia in line with other 1 ounce silver coins, like the US Eagle, Chinese Panda and Canadian Maple Leaf.
For keen-eyed collector, you will notice the diameter and overall weight of the coin has fractionally reduced as less total metal is required from the new purer alloy to give the coin 1 full troy ounce of pure silver.
So what do you think? Is the loss of a long-held silver quality from the UK’s coinage a sad loss to tradition or should the Royal Mint move with the times and ensure that our nation’s coins remain amongst the most popular the world-over?