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 one tenth of a troy ounce (1/10oz) of gold format. An early design issued in this format was 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 tenth-ounce has a nominal face value of 50 pence.
The mint says about this coin:
First released by King Edward IV in 1470 as an English gold coin, the Angel coin derives its name from its classical design motif featuring the Archangel Michael slaying the dragon. For centuries British Kings and Queens awarded Angel coins to worthy subjects, giving the Angel coin a reputation that to receive one would bring luck and good fortune to its recipients, some believing they could cure sickness and even save lives.
Reintroduced by the Isle of Man Government in 1984, originally as gold and silver bullion coins, the Angel or "Manx Angel" as it has become more commonly known, is one of the world’s most recognised modern coin issues. Winning awards such as the Coin of the Year from day one, the Angel coins are one of the world’s most sought-after gold and silver coin collections.
Celebrating 40 years since its first release the 2024 Angel Silver and Gold Coin Collection features the original design of the Angel Michael facing left which first featured on the Isle of Man Angel coins in 1984. This classical depiction of the triumph of good over evil which gave the Angel coin its name almost 600 years ago continues today to delight collectors and investors across the world. | 
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