Like many here I buy precious metals as a form of investment. I like knowing I have it there and can liquidate it at a moments notice if I choose. I also like looking at it and the sound of it clinking together. Come to think about it, and my fondness for precious metal treasure, I think I might be a pirate! Anyway, I usually buy it for the value and not based on what is actually on the coins as the specialty coins are often sold at a premium price rather than spot price. I have some of them though, specialty coins, ones I've bought and some that have been gifted to me.
Last week I was lucky to have been gifted a nice one-ounce silver coin by a friend of mine and considering it was gifted for no particular reason I feel pretty special. You can see the coin below, based on a Proclamation Coin of Australia.
It came in a nice little velvet box with a certificate and a little blurb on it's origins which is pretty cool and is all boxed in nice packaging which you can also see in this image. It is minted as $1 legal tender and is one of about 18,000 made by the Royal Australian Mint.
The face of the coin and outer packaging box.
The text in the small accompanying page reads as follows:
On 19 November 1800, the governor of New South Wales issued a proclamation which attempted to standardise the value of the colony's coper, silver and gold coins. originating from countries far and wide, these coins have become known as Proclamation Coins of Australia, representing the first series of collectable coins.
One of the coins in use during this period was the 1997 British Penny which featured Britannia - a female figure representing the British Empire. This remarkable coin was the first to be minted using Matthew Boulton's steam powered press. Earning the nickname of 'Cartwheel' through its large size and weight the coin was used as a substitute for measuring weights in produce markets.
To celebrate the Governor King's Proclamation, the Royal Australian Mint has produced this specially designed collector coin featuring a representation of the 1797 British 'Cartwheel' Penny.
The reverse design was sculpted by Wojciech Pietranik based on the original design of the effigy of her Majesty Queen Elizabeth II by Ian Rank-Broadley.
This is the velvet box it came in, brown velvet, 1970's style! 😂
The coin came with a little serial number and certificate.
The back of the coin showing the legal tender value and Queen Liz II.
I usually buy bars in greater weight as it is often better value; I'm buying for investment after all. I also buy coins though as the lower weight, and therefore cost, means I could dispose of them more readily and in smaller amounts if required.
Having said that I really like these specialty coins and find them difficult to resist, especially if they have something interesting or appealing on there as many of mine do. I'm a sucker for Australian themed ones and ones that commemorate our war history however if it's interesting I want it. OK, I'll be honest, if it's silver [or gold] I want it. 💰
I'm a pretty lucky fellow, firstly to have the ability to purchase a little precious metal here and there and secondly to have friends like the one who gave me this one. I was pretty humbled that they went out their way for me just for being a good friend. I went to put it into my safe last week and ended up pulling all my coins out and rolling in them on the floor looking at them to remind me what I had and just sort of be with my silver. I left the bars in there though, they jab into the back when rolling on them looking at them. 😇
I know this post isn't hard-core investment related but if I can't post here about my silver then where? I hope y'all don't mind. I'm also hoping to see some of what you guys and gals have got squirrelled away in your collection? Anything cool? Please share.
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