Gold Half Gram 2018 Angel, Coin from Isle of Man - detailed information

The Isle of Man has its own circulating coinage, which is used in parallel with the British Pound Sterling; it also issues an extensive range of commemorative coins for collectors, as well as bullion coins in a variety of formats and designs for investors in precious metals.

One of the sizes used is the internationally popular half gram (0.5g) of gold mini-coin format, and one of the designs in this format is the Angel, depicting Saint Michael slaying the dragon. The original Angel was a gold coin introduced in England by King Edward IV in 1465 as a new issue of the Noble. Based on a French coin, the Angelot or Ange, its name was derived from the representation of the Archangel St. Michael. The image of the Archangel Michael slaying the dragon was thought to bring good luck and health and was traditionally given to sufferers of the disease the "King’s evil" or scrofula, in a medieval ceremony intending to cure them with the "royal touch".

It is usually said that modern Angels are legal tender but without a fixed face value, like the Krugerrand or Mexico’s Libertad which are legal tender to the value of their precious metal content. However, according to the various Currency Determinations by The Treasury of the Isle of Man authorising each issue, under section 6 of the Currency Act 1992, the "Angel" denomination is equal to 5 pounds in face value, with fractions or multiples divided or multiplied as required by the fraction or multiplier shown on the reverse of the coin - hence the half gram ("denominated" as 1/64 Angel) has the unwieldy nominal face value of 5/64 pounds, or 7.8125 pence - rounded to the nearest value, which is 8p.

The mint says about this coin:
The Angel is CIT’s first coin produced for the Isle of Man and the first smartminted Angel in the coin’s 500 year history; the first edition was a huge success among collectors worldwide and remains a sought after numismatic piece.