The Royal Mint has just announced a new Prince Philip Coin that will pay tribute to the Duke of Edinburgh and his record-breaking 70 years of service to Her Majesty the Queen and the United Kingdom.
The Prince of Wales will be striking the very first of these coins on Tuesday 11th July. The reverse of the coin will bear an image of his Father, Prince Philip and the obverse is to feature his mother, The Queen.
The coins will be available in Gold Proof, Silver and Brilliant Uncirculated Base Metal. They will be available to order from 7th August.
If you’re interested you can sign up below for more information as soon as it becomes available.
Last UK Prince Philip Coin is one the UK’s scarcest £5 Coins
Prince Philip was last celebrated on a UK coin six years ago for his 90th birthday. With a mintage of just 4,599 it was, at the time, the most limited Silver Proof £5 ever issued.
It is now highly sought-after by collectors and, arguably, one of the most collectable £5 coins ever released by The Royal Mint.
2017 sees the Gold Sovereign’s bicentenary, and to mark the occasion a special one-year-only design has been unveiled, recreating Pistrucci’s original 1817 engraving. It’s a truly fitting tribute and acknowledges the rich history of the coin which I’ve been exploring in these blogs. If you missed the previous posts you can start from the beginning here, but now here’s the final chapter in the sovereign’s history so far…
In Part V, I explored the decline in production of Gold Sovereigns as a result of World War I and the worldwide economic crisis, which lead to the end of the Sovereign. Until 1957 when it was revived once again…
Apart from one special limited edition commemorative issue for King George VI’s coronation in 1937, no Sovereigns had been struck since 1932. In 1953, Sovereigns were produced for Queen Elizabeth II for the Coronation Sets but they were for national collections, not collectors.
The Sovereign’s revival
Then in 1957, worldwide demand for the coins became so great that The Royal Mint resumed production of bullion gold Sovereigns for circulation. Not only would this satisfy demand, it would also blunt the premium that was making it so lucrative to counterfeit the coins.
These early ‘restoration’ Sovereigns of Queen Elizabeth II’s reign feature Mary Gillick’s portrait of the young Queen on the obverse, engraved especially for her new coinage.
The portrait design was changed in 1968 prior to Decimalisation in 1971, to a portrait by Arnold Machin. This portrait still features on postage stamps all these years later.
A new market emerges
Queen Elizabeth II’s reign has been a time of change for the Sovereign. A new market has emerged – the collector’s market.
In 1979, The Royal Mint produced the first proof version of the Sovereign of her reign. This higher grade version was limited to just 12,500 pieces and proved very popular with collectors.
With a newfound interest from collectors, it is not surprising that we have seen more design variations of the Sovereign than ever before.
A third portrait design by Raphael Maklouf was used from 1985 to 1997 and a fourth by Ian Rank-Broadley FRBS replaced this until 2015 when Her Majesty’s portrait was updated by The Royal Mint engraver, Jody Clark.
The UK’s Premier Gold Coin
We have also seen the introduction of commemorative one-year-only designs, which started in 1989 with the issue of a special 500th anniversary Sovereign, featuring a design similar to the first Sovereign in 1489. These special commemorative designs have become more and more popular.
Since then, there have been one-year-only designs for the Queen’s Golden Jubilee in 2002, the modern St. George and the Dragon in 2005, the Diamond Jubilee in 2012 and the Queen’s 90th birthday in 2016.
These limited editions have seen a surge in Sovereign collecting, cementing its position as the UK’s premier gold coin.
It’s universal appeal shows no sign of slowing. In recent financial crises, people all over the world clamoured for Gold Sovereigns.
The Sovereign’s reputation for quality and reliability remains and will remain for years to come and now the next chapter in the Sovereign story has been written…
Announcing the new UK Bicentenary Gold Proof Sovereign
To mark the Bicentenary of the “modern” Gold Sovereign in 2017, The Royal Mint have just released a brand new Gold Proof Sovereign reprising Benedetto Pistrucci’s original engraving from 1817.
With a low edition limit of just 10,500 worldwide, a special one-year-only design change and a fine proof finish, the 2017 Bicentenary Gold Sovereign has all the elements to be one of the most collectable British gold coins of the 21st century. And now you can own one.
In my last blog post, I explored the Gold Sovereign’s incredible success as the most trusted and popular of all gold circulating coins throughout the world during the Empire years until 1931 when its reign as the King of Coins came under threat…
The Outbreak of the First World War in 1914, followed by the worldwide economic crisis in 1931 seemed to sound the death-knell for the Sovereign.
Gold Sovereigns were struck annually until 1915, but production dropped dramatically in 1914 and the majority of the 20 million minted in 1915 were for overseas use.
Decline in Production
As part of the emergency measures put in place upon the Outbreak of the First World War, specie payments were suspended and Treasury notes replaced gold. Gold coins disappeared from circulation but they continued to be minted for overseas bullion transactions.
Sovereigns were struck in 1916 and a small amount in 1917, but no more circulating Sovereigns were minted in London, except for a consignment for overseas use in 1925. The overseas branch mints still struck considerable quantities of Sovereigns.
Sovereign production continued after the war, but in much smaller numbers. Despite this, another two branch mints were opened. One in Bombay in 1918, which struck Sovereigns for just one year only. The other was opened in South Africa in 1923.
By 1926, only three branch mints were still operating – Perth, Melbourne and Pretoria. However, the worldwide economic crisis in 1931 signalled the end of these remaining branch mints, Britain left the Gold standard and the last Sovereigns were struck in Pretoria in 1932.
This appeared to be the end of the Sovereign. But all was not as it seemed.
Would the Sovereign be revived again?
Find out in the final part of our 200 years of the Sovereign Blog Series – click here to read it >>