10 million coins sold

01-2016-australian-kangaroo-silver-1oz-bullion-onedge-lowresI reported two months ago how how the American market was going wild for a brand new silver bullion coin from Australia.

The Australians predicted sales of 5 million units in their first year of issue, but sales have just passed the 10 million mark.

The one ounce Silver Kangaroo, issued by The Perth Mint is now ranked in the top 5 world silver bullion coins based on sales.

The US silver American Eagle tops the list, followed by the Royal Canadian Mint’s silver Maple Leaf, with the new silver Kangaroo from Perth claiming third spot.

Austria’s Philharmonic and China’s Panda complete the list.

Perth Mint announces a Proof version of the Silver Kangaroo

four-silver-proof-kangaroo-coinsFollowing on from the incredible success of the bullion coin, The Perth Mint has just announced a brand new Silver Kangaroo Proof Set, comprising four coins – the 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce.

It is the first ever Silver Kangaroo Set, first ever silver fractional set from Perth and the first time they have ever issued a 1/4oz silver coin.

Despite this collection of firsts and the undoubted demand for the set following the huge popularity of the bullion coin, the edition limit has been set at just 3,000.

The good news is that we have secured some for the UK market and you can make one of them yours today.

Click here to find out more and add a set to your Portfolio today

When Sovereigns were produced all over the world

Although the Sovereign is Great Britain’s best-loved coin, few people realise that not all of them were struck in this country.

2016 is the 200th anniversary of the Great Recoinage Act 1816, which resulted in the introduction of the modern Sovereign in 1817, replacing the Guinea.

The gold Sovereign reached the height of its prominence and prestige under the reign of Queen Victoria as the British Empire expanded.

It became the “chief coin of the world” – a title bestowed upon it by British economic historian Sir John Clapham due to it being legal tender in 36 colonies and dependencies in the 1860s and was widely used in countries with no allegiance to the British crown.

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In an era when the British Empire ruled supreme, Sovereigns were not only produced in Great Britain, but throughout her dominions. The first Sovereign to be struck outside of Britain came out of Sydney in 1871.

Between 1871 and 1932, Sovereign production was spread over five continents – Europe, North America, Australia, Africa and Asia, with branches of the Royal Mint in London, Ottawa, Sydney, Melbourne, Perth, Pretoria and Bombay.

In order for The Royal Mint to distinguish the Sovereigns minted at the branch mints, they used a variety of mint marks. These were either a letter or a combination of letters to denote its branch of origin.

As a rule, mint marks can be found on the reverse of the coin, just above the inner two numbers of the date.

Here is the story of each of the overseas territories that produced Sovereigns:

Australia

Gold had been discovered in New South Wales in 1851 and in Victoria shortly afterwards. As a result three branch mints of the Royal Mint were opened; Sydney, Melbourne and Perth. To identify which branch the coins was struck at, mint marks carried the initial of the city of manufacture.

Africa

South Africa was still recovering from the Boer War when the only African Sovereign – identified by the letters “SA”- was struck in Pretoria. For reasons unknown, Sovereigns struck in Pretoria, Bombay and Ottawa carried the initials of their country of manufacture as opposed to their city. In the case of Pretoria it can be easily understood as “P” was already in use by Perth.

North America

North America had experienced its first gold rushes earlier than Australia but a branch mint did not open in Canada until 1908. The North American struck Sovereign is marked with a “C” signifying its Canadian origin. The Canadian Sovereign almost certainly contains gold from the Yukon.

Asia

The Asian Sovereign, is in many ways, the most unusual. The “I” means that it was minted in India, the jewel in the Empire’s dazzling crown. Sovereigns were only produced there during one year – 1918, which makes them particularly scarce, and a special target for discerning collectors.

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You can own the one-year-only Bombay Sovereign

Almost 100 years old, this Gold Sovereign was struck in India during the reign of King George V.

The Sovereign was only struck in India during one year – 1918. That has resulted in less than 1% of all George V Sovereigns being struck out of Bombay.

That makes this Sovereign a defining coin; one that will be in demand now and in years to come.

Click here to find out more

The new £5 note launches tomorrow

New £5 NoteGo to the bank or pay in cash somewhere tomorrow and you may well receive a first of its kind here in the UK. That’s because the brand new polymer £5 note launches tomorrow.

The old paper £5 is being replaced by this new plastic note, with the cut-off date for shops accepting your old fivers being May next year, so you have a bit of time yet.

The new note is made of a polymer, making it harder to forge or accidentally destroy – how many of us have lost money by leaving loose notes in pockets and giving them a spin in a washing machine?

440 Million

New £5 Note ReverseThe Bank of England have printed 440 million of the new notes. Or, to put it another way, £2.2 billion worth of fivers.

The new £5 note will feature a picture of Winston Churchill, replacing Elizabeth Fry and it will be 15% smaller than the current one.

This is the first of the Bank of England’s new series of polymer notes, with the £10 and £20 notes to be replaced with polymer designs over the coming years.

The new polymer £10 note featuring Jane Austen will enter circulation in summer 2017 and the new polymer £20 note featuring JMW Turner will enter circulation by 2020.

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datestamp-5The UK’s first ever DateStamp™ Banknote

To mark this important event, a First Day of Issue Limited Edition DateStamp™ release has been confirmed.

This is the VERY FIRST time that a DateStamp™ banknote has been released and you can be one just 5,000 people to own one by clicking below.

Click here to add the FIRST EVER DateStamp banknote to your Portfolio

 

 

A 145 ounce gold nugget has just been found

Gold Nugget“I kept it in my oven on the first night.”

These were the words of an Australian man who has just unearthed a 145-ounce gold nugget valued at AUS$250,000 (£145,000).

“I thought it was rubbish at first, maybe an old horseshoe,” he said.

“About 12 inches below the ground, I could just barely make out the top of something. As I began to scrape away the clay and dig deeper, I really couldn’t believe my eyes — this wasn’t an old piece of steel in front of me.

I had just unearthed a colossal gold nugget — a once in a lifetime find! I was in total disbelief as I didn’t think nuggets of this size were still around.”

The discovery was announced late last month by Minelab,  makers of the metal detector that had been used to find the nugget.

Named “Friday’s Joy”, the nugget is nearly double the weight of another famous Australian gold nugget. The “Fair Dinkum” nugget was discovered in 2015 less than 140 miles from Melbourne, weighing 87 ounces.

That sold at auction for AUS$175,000.

The “Friday’s Joy” nugget is no longer in the prospector’s oven… It’s now sat in a bank vault, awaiting its auction date.

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Perth SovThis gold gem from Australia is almost just as hard to find…

The coin you see here is the official Sovereign produced by Australia. It’s the Sovereign hardly anyone in the UK knows about, which is why it’s so tough to find.

They also have incredibly low edition limits, so sell-outs are common.

It is actually 5 times rarer than the UK Gold Proof Sovereign, which sold out in record time this year – probably due to the increased interest in coinage because of the Queen’s 90th Birthday.

Those 7,500 coins were sold out by April, so how much longer will the Australian Sovereign be available for when just 1,500 have been struck?

Click here to make one of them yours before it’s too late

The mystery of the very first Peace Dollar

Philadelphia-Peace-Dollar-1921-coinAfter the First World War, America wanted to produce a coin celebrating peace. It took them 3 years, but the result was the stunning silver Peace Dollar first issued in 1921.

It’s a fascinating coin, not least because nobody knows what happened to the very first example…

As was tradition, the first Peace Dollar struck was to be sent to the President (then Warren Harding).

What became of it though is something of a mystery, with the inventory of Harding’s estate, prepared after the President died in office two years later, making no mention of it.

Perhaps the very first one just went into general circulation, meaning that anyone could have it in their collection or Portfolio.

The race against time

The days between Christmas and New Year are often a time to relax, but that wasn’t the case for the workers of the US Mint in 1921. They had to produce 1 million examples of the new Peace Dollar in the last 4 days of the year.

Whilst a modern Mint could churn out a million coins without any hassle today, it was a far more daunting prospect in 1921 and what they achieved is nothing short of remarkable.

But that rush could explain why the very first Peace Dollar went missing.

It certainly explains why serious collectors look for a 1921 Peace Dollar.

That’s because less than 1% of the total mintage was issued in 1921.

You can own one today

Odds are that it won’t be the very first Peace Dollar, but you can own a guaranteed 1921 example for just £195.

It’s a fascinating classic coin, with a great story. If you want to find out why the US Mint had to race against time to release the coins in 1921, trying to deal with a public controversy – and add one to your Portfolio – just follow the link below.

Click here for the 1921 Peace Dollar

As the gold price climbs, so do the number of fakes

FakeUnsurprisingly, with the value of gold soaring unscrupulous types are trying to make a quick buck peddling counterfeit gold in the form of coins.

Technology is making them easier to produce and harder to detect.

The gold price has jumped by over 40% since the turn of the year, so the precious metal market is attracting new crowds trying to make a profit selling better fakes than have been seen before.

The look and feel of fake gold is getting incredibly close to the real thing and the internet also plays a part here, with online selling much easier now meaning that more and more fake coins are finding their way into collections and portfolios.

Most disconcertingly, there is very little data in place that tracks counterfeit gold in circulation. There is no central organisation responsible for it and investors are often reluctant to report fakes.

According to the Wall Street Journal, a number of leading dealers in the US say they have encountered rising numbers in recent years though.

Experts have attributed the majority of fake coin production to China, where fake goods across industries are a persistent problem because counterfeit laws are not strictly enforced.

So what can you do to put your mind at ease when buying gold coins?

Buy from a trusted source.

At Coin Portfolio Management we have over 70 years’ experience in the collectables market and, when buying from us, you’re fully covered by our 30-day Money Back Guarantee.

Let us be your “stock broker” and find you the best coins for your Portfolio. We will guarantee their authenticity.

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P140 in BoxJust 200 of these coins were ever available

And now you can own one of the last 40.

This is the beautiful 2016 gold proof Guinea struck by The East India Company to commemorate the 200th anniversary of the Guinea being removed from circulation.

But this particular version is extra special because it was one of just 200 struck on the 200th anniversary of the Great Recoinage Act of 1816 (22 June), making it one of the most limited coins you will add to your Portfolio.

You’ll have to be quick though.

Click here to find out more and secure one for your Portfolio

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