Silver Ounce 2023 Farewell Pegasus, Coin from British Virgin Islands - detailed information

The British overseas territory of the Virgin Islands has used the United States Dollar as its currency since 1959 - even before it gained autonomy in 1967. However, the territory has also authorised a number of mints to issue non-circulating and bullion coins under its name, denominated in British Virgin Islands Dollars. These do not circulate as regular currency, and are targeted at collectors or investors in precious metals.

One of the formats used for the purpose is the internationally popular one troy ounce (1oz) of silver size. Some of these - such as this coin - were released at prices much higher than the intrinsic value of the metal, so are considered Non-Circulating Legal Tender (NCLT), and not bullion.

This release is a farewell to the Pegasus range of bullion coins issued by the mint under the jurisdiction of the British Virgin Islands.

In October 2023, the mint announced that it was closing its doors, and would cease production before the end of the year. The last coins it struck have the reverse of the Pegasus series (the very last was a unique gold piece), and a special privy mark for Taya Pobjoy, the Master of the Mint (and its owner) whose retirement lead to the closure of the mint. The privy mark represents a horse's head with Taya's initial T incuse on it, and a horseshoe - representing her's love of horses.

The silver farewell release is denominated as $10, and not $1 as the regular bullion coins in the series.